Flex Space with Warehouse and Income
For Sale
$750,000
Pending
2008 COOLIDGE ST, Hollywood, FL 33020
Well-maintained CBS flex property combining a warehouse with offices and two updated one-bedroom, one-bath duplex apartments.
Property Size6,893 SF
Lot Size0.33 Acres
Days on Market3962
Property Features for 2008 COOLIDGE ST
General Information
Standard status
Pending
Size
6,893 SF
Lot size
0.33 Acres
Property subtype
General Commercial
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
3,300 SF
Power
800 amps
Voltage
240 V
Three-Phase Power
Yes
Heavy Power
Yes
Conditioned Warehouse
Yes
Additional Details
Office Units
5
Taxes and HOA fees
Annual Taxes
$12,564
Amenities
Kitchen
3
12 Parking Spaces.
122
Building Details
Year Built
1965
Construction
CBS
Listing Agency:
D'Angelo Realty Group LLC
(954) 873-1165
Listed By:
Daniel O'Connor · License #3107980
(954) 873-1165
Source:
Xome
Added: Oct 9, 2015
Changed: Aug 8
Last Checked: Jul 30 at 7:35PM
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 D'Angelo Realty Group LLC
Investment Insights
Based on property information with market context.
This flex space property combines a warehouse, office area, and two updated one-bedroom, one-bath duplex apartments for immediate income. The warehouse is 3,300 square feet and includes fenced parking, a kitchen, and office space with additional large offices that could be subdivided. It is built as a well-maintained CBS building and is served by industrial-strength power (3-phase power / 240 volts / 800 amps). The property also includes two duplex apartments, rented month to month.
The warehouse and apartments are positioned on two adjacent lots in East Hollywood with plenty of fenced parking. The total building area is 6,893 square feet under A/C, with 12 parking spaces available on site.
With both warehouse and income components, the layout provides flexibility for mixed-use operations while supporting tenant-ready residential units alongside the commercial space.
The warehouse and apartments are positioned on two adjacent lots in East Hollywood with plenty of fenced parking. The total building area is 6,893 square feet under A/C, with 12 parking spaces available on site.
With both warehouse and income components, the layout provides flexibility for mixed-use operations while supporting tenant-ready residential units alongside the commercial space.
Key Highlights
- 3,300 SF warehouse with kitchen and office space
- Fenced parking plus 12 parking spaces
- Industrial strength power: 3‑phase power / 240 volts / 800 amps
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
$66,355
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
8.85%
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%
$1,327,100
$1.3M
Cap Rate 7%
$947,929
$947.9K
Cap Rate 9%
$737,278
$737.3K
Market Conditions
NOI Build-Up for 6,893 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
$99.3K $14.40/SF
− Vacancy
−$4.5K −$0.65/SF
EGI
$94.8K $13.75/SF
− OpEx
−$28.4K −$4.13/SF
NOI
$66.4K $9.63/SF
Area
Hollywood, FL
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,327,100
Cap Rate 7%
$947,929
Cap Rate 9%
$737,278
Alternative Uses
Best Use
Office B
$1.90M
$1.66M – $2.22M
NOI $133,069 @ 7.0% cap · market cap 17.74%
Second Best
Multifamily LT 5
$1.76M
$1.54M – $2.06M
NOI $123,503 @ 7.0% cap · market cap 16.47%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,758 @ 7.0% cap · market cap 25.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Yes
Heavy power
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,197
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained CBS flex property combining a warehouse with offices and two updated one-bedroom, one-bath duplex apartments.
Where is this flex space located?
The property is located at 2008 COOLIDGE ST Hollywood, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,300 SF warehouse with kitchen and office space; Fenced parking plus 12 parking spaces; Industrial strength power: 3‑phase power / 240 volts / 800 amps
