Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail Space in Hollywood Title is generated by Realmo AI

    2020 Harrison St, Hollywood, FL 33020

    View on Map
    Claim this Listing
    For Lease
    $15,000/Mo $22 SF/Yr (calc)

    8,015 SF retail/restaurant space in Downtown Hollywood.

    Type:Rental
    Property size:
    8,015 SF
    Lot size:
    0.04 Acres
    Added:
    Feb 13, 2024
    Days on Market:
    836
    Last Refresh:
    May 19 at 11:50 pm

    Property Features for 2020 Harrison St

    General Information

    Standard status
    Active
    Size
    8,015 SF
    Lot size
    0.04 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1961

    We can help!

    Listing Contact
    John DeMarco
    John DeMarco

    Listing agent John DeMarco License #3134747

    Listing office RE/MAX 5 Star Realty

    Listing date Feb 13, 2024

    Source Exitrealty

    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

    HighLights

    • Prime A+++ location in the heart of Downtown Hollywood with high visibility.
    • Large 8,015 square foot space suitable for retail storefront or restaurant.
    • Versatile shell condition allowing for customized build‑out.
    • Includes a 1,592 square foot side lot for outdoor seating.
    • 6,400 square feet on the ground floor.
    • Additional upstairs office/storage space.

    Overview

    Located in the heart of Downtown Hollywood, this retail and restaurant space offers an A+++ location with high visibility. The property spans 8,015 square feet and features a versatile shell condition, providing customization options. It includes 6,400 square feet on the ground floor and additional upstairs office or storage space. A 1,592 square foot side lot is available for outdoor seating. This property is suitable for entrepreneurs seeking to establish a presence in a vibrant urban hub. The lease is a triple net lease with CAM in addition to the price.
    Location Intelligence

    Current Use by Public Records

    La Vue Lounge, ... Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1478773
    Latitude
    26.0101716

    Nearby Similar for Lease

    • $30 SF/Yr
      1,200 SF

      Hollywood Mixed-Use Commercial Spaces

      Commercial spaces for lease in a centrally located mixed-use building.
      6225 Johnson St, Hollywood, FL 33024
      View Details
    • $15,000/Mo
      7,322 SF

      Hollywood Warehouse with Office Suite

      6,478 SF warehouse with 844 SF office suite.
      1930 N 30th Road Warehouse + Office, Hollywood, FL 33021
      View Details
    • $2,350/Mo
      1,200 SF

      Renovated Commercial Space in Hollywood

      Move-in-ready commercial space in a high-traffic Hollywood location.
      3595 Sheridan St, Hollywood, FL 33021
      View Details
    • $2,500/Mo
      1,300 SF

      Hollywood Office Space Available

      Professional office space in a central, accessible Hollywood location.
      2500 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $12,900/Mo
      6,032 SF

      Warehouse with Office Suite Available

      6,032 SF warehouse with 817 SF office suite.
      3080 Sheridan St Warehouse + Office, Hollywood, FL 33020
      View Details
    • $1,200/Mo
      800 SF

      Affordable Office Space on Hollywood

      Functional office space available for rent on Hollywood Blvd.
      2500 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $1,600/Mo
      930 SF

      Hollywood Office Space For Rent

      Second-floor office space available in Hollywood, Florida.
      5845 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • $35 SF/Yr
      2,200 SF

      Turnkey Office Building For Lease

      2,200 SF office space ideal for medical, legal, or executive.
      795 S Federal Hwy, Hollywood, FL 33020
      View Details
    • $29 SF/Yr
      3,244 SF

      Renovated Office Suites in Hollywood

      Move-in ready, renovated office suites in prime Hollywood location.
      3911 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • $35 SF/Yr
      6,300 SF

      Hollywood Office Space For Rent

      Professional office space in the heart of Hollywood, Florida.
      2435 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $1,800/Mo
      400 SF

      Hollywood Office Space For Rent

      Professional office space in central Hollywood location, full-service lease.
      2435 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $2,950/Mo
      1,688 SF

      Contemporary Executive Office Suites

      New executive office suites with modern amenities and convenient location.
      1930 N 30th Road, Hollywood, FL 33021
      View Details

    FAQs

    What type of property is this?
    Retail space - 8,015 SF retail/restaurant space in Downtown Hollywood.
    Where is this retail space located?
    The property is located at 2020 Harrison St Hollywood, FL.
    What is the lease rate?
    The lease rate is $15,000 /Mo.
    What are key features of this property?
    This property features: Prime A+++ location in the heart of Downtown Hollywood with high visibility.; Large 8,015 square foot space suitable for retail storefront or restaurant.; Versatile shell condition allowing for customized build‑out.
    (954) 453-1000
    We can help!
    Listing Contact
    John DeMarco
    John DeMarco
    Real Estate License ID: 3134747
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2020 Harrison St, Hollywood, FL 33020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!