Corner-Access Warehouse with
1135 S 21st Ave Hollywood, FL 33020
For Sale
$650,000
Pending
Warehouse has 16' ceilings, plus showroom, office, and an apartment on a corner lot with front parking.
Property Size3,118 SF
Days on Market2453
Property Features for 1135 S 21st Ave
General Information
Standard status
Pending
Size
3,118 SF
Property subtype
General Commercial
Building Details
Year Built
1958
Listing Agency:
RE/MAX 5 Star Realty
(954) 417-9819
Listed By:
Max Smith · License #3332711
(954) 417-9819
Source:
Xome
Added: Nov 10, 2019
Changed: Jul 28
Last Checked: Jul 28 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This corner-site property offers warehouse, showroom, office, and residential space under one roof, with access from three sides. The warehouse totals 2,000 sf with 16' ceilings and a twin T concrete roof. Additional space includes a 733 sf showroom, a 200 sf office, and a 350 sf apartment with three bathrooms.
Zoning includes manufacturing warehouse, retail, and other uses. Parking is available in the front, with ample street parking on the east and west side of 21st Ave. The seller notes a new roof and AC installed in 2018, and the property is for sale with seller financing available.
A tenant is in place on a month-to-month basis, and the property is available in 30 days for an owner-user.
Zoning includes manufacturing warehouse, retail, and other uses. Parking is available in the front, with ample street parking on the east and west side of 21st Ave. The seller notes a new roof and AC installed in 2018, and the property is for sale with seller financing available.
A tenant is in place on a month-to-month basis, and the property is available in 30 days for an owner-user.
Key Highlights
- Corner site with access from three sides, plus front parking and ample street parking on east and west side of 21st Ave.
- Includes a 2,000 SF warehouse with 16' ceilings and twin T concrete roof.
- Additional space: 733 SF showroom, 200 SF office, and 350 SF apartment.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.3k | $21.60 |
| − Vacancy | −$5.4k | −$1.73 |
| EGI | $62.0k | $19.87 |
| − OpEx | −$18.6k | −$5.96 |
| NOI | $43.4k | $13.91 |
3,118 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$619.6K
$542.2K – $722.9K
NOI $43,373 @ 7.0% cap · market cap 6.67%
Second Best
Flex RnD
$505.9K
$442.6K – $590.2K
NOI $35,411 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,383 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Backyard Boogie BBQ Catering — 1007 S 21st Ave, Hollywood, FL 33020
- Art of Catering — 1428 S Federal Hwy, Hollywood, FL 33020
- Executive Private Catering — 801 NE 10th St, Hallandale Beach, FL 33009
- Tony Parrillada — Miami, FL 33125
- Che pibe catering — 1218 S Dixie Hwy, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse has 16' ceilings, plus showroom, office, and an apartment on a corner lot with front parking.
Where is this flex space located?
The property is located at 1135 S 21st Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Corner site with access from three sides, plus front parking and ample street parking on east and west side of 21st Ave.; Includes a 2,000 SF warehouse with 16' ceilings and twin T concrete roof.; Additional space: 733 SF showroom, 200 SF office, and 350 SF apartment.
