Commercial Building with Storefront
For Sale
$1,325,000
Pending
1816 Harrison St, Hollywood, FL 33020
A fully renovated commercial building with an open floor plan, polished concrete floors, and extensive storefront glass.
Property Size4,173 SF
Days on Market2408
Property Features for 1816 Harrison St
General Information
Standard status
Pending
Size
4,173 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$12,805
Amenities
3
Building Details
Year Built
1957
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
John DeMarco · License #A11487709
(954) 453-1000
Source:
Xome
Added: Feb 4, 2020
Changed: Sep 8
Last Checked: Sep 8 at 4:41AM
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.
Located at 1816 Harrison St in Hollywood, FL, this ±4,173 SF commercial building offers a fully renovated, high-end interior built around an open floor plan. Premium finishes, polished concrete floors, architectural lighting, and extensive storefront glass define the space, which is currently configured as a luxury tattoo studio.
The building sits directly on Young Circle in the heart of Downtown Hollywood, providing exceptional visibility and strong pedestrian traffic. Nearby public parking is available, and the property is positioned close to Downtown Hollywood’s restaurants, nightlife, and ongoing redevelopment projects.
The layout and finish package are well-suited for a range of creative and customer-facing uses, including retail, showroom, wellness, beauty, medical, fitness, office, gallery, restaurant, or other creative commercial concepts. Seller financing is available with 40%–50% down.
The building sits directly on Young Circle in the heart of Downtown Hollywood, providing exceptional visibility and strong pedestrian traffic. Nearby public parking is available, and the property is positioned close to Downtown Hollywood’s restaurants, nightlife, and ongoing redevelopment projects.
The layout and finish package are well-suited for a range of creative and customer-facing uses, including retail, showroom, wellness, beauty, medical, fitness, office, gallery, restaurant, or other creative commercial concepts. Seller financing is available with 40%–50% down.
Key Highlights
- 4,173 SF fully renovated commercial building built in 1970
- Open floor plan currently configured as a luxury tattoo studio
- Polished concrete floors and architectural lighting throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,560
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,611,200
$1.6M
Cap Rate 7%
$1,150,857
$1.2M
Cap Rate 9%
$895,111
$895.1K
Market Conditions
NOI Build-Up for 4,173 SF
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.
Gross rent
$137.7K $33.00/SF
− Vacancy
−$30.3K −$7.26/SF
EGI
$107.4K $25.74/SF
− OpEx
−$26.9K −$6.44/SF
NOI
$80.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,611,200
Cap Rate 7%
$1,150,857
Cap Rate 9%
$895,111
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,560 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,273 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,515
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - A fully renovated commercial building with an open floor plan, polished concrete floors, and extensive storefront glass.
Where is this creative space located?
The property is located at 1816 Harrison St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 4,173 SF fully renovated commercial building built in 1970; Open floor plan currently configured as a luxury tattoo studio; Polished concrete floors and architectural lighting throughout
