Listing Agency: Fausto Commercial Realty Show Phone

Listed By: Guarionex (Bobby) Berrido · License #3444449 Show Phone

Source: Moodyscre

Added: Jul 30, 2024 Changed: Oct 5 Last Checked: Oct 10 at 1:00PM

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Investment Insights

Based on property information with market context.

The commercial property at 6211 Pembroke Rd offers approximately 5,000 square feet of space. The property is located on a primary corridor, providing high visibility and accessibility. The building includes both warehouse and office spaces. The warehouse area is move-in ready, while the office area is available for renovation and customization. The property features a 17-foot clear ceiling height and 3-phase electric. It is zoned C-3 Medium Intensity Commercial District by the City of Hollywood, allowing for a range of business operations.

Key Highlights

• Strategic location on a primary corridor ensures high visibility and accessibility.
• Nearly 5,000 square feet of versatile space suitable for various operations.
• 17‑foot clear ceiling height and 3‑phase electric power support diverse business needs.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$93,629

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,872,580 $1.9M

Cap Rate 7%

$1,337,557 $1.3M

Cap Rate 9%

$1,040,322 $1.0M

Market Conditions

NOI Build-Up for 4,850 SF

Gross rent

$160.1K $33.00/SF

− Vacancy

−$35.2K −$7.26/SF

EGI

$124.8K $25.74/SF

− OpEx

−$31.2K −$6.44/SF

NOI

$93.6K $19.31/SF

Area

Hollywood, FL

Vacancy

22.00%

Lease Rate

$33.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,872,580

Cap Rate 7%

$1,337,557

Cap Rate 9%

$1,040,322

Alternative Uses

Best Use

Office B

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,629 @ 7.0% cap · market cap 6.24%

Second Best

Warehouse

$746.3K

$653.0K – $870.7K (±1% cap)

NOI $52,240 @ 7.0% cap · market cap 3.48%

Theoretical Best

Office A

$1.90M

$1.66M – $2.21M (±1% cap)

NOI $132,812 @ 7.0% cap · market cap 8.85%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Style by Clunie Hair Salon Common Mortgage Group ... Loan Service

Suggested Use

Top Pick Bakery (Bike/Boat/Book/etc) Store Veterinary Clinic Dental Office Tattoo & Piercing Shop Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,179

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Versatile commercial property with warehouse and office space for sale.

Where is this warehouse located?

The property is located at 6211 Pembroke Rd Hollywood, FL.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Strategic location on a primary corridor ensures high visibility and accessibility.; Nearly 5,000 square feet of versatile space suitable for various operations.; 17‑foot clear ceiling height and 3‑phase electric power support diverse business needs.**