Historic-Core Mixed-Use
For Sale
$5,000,000
1905 - 1909 Harrison St, Hollywood, FL 33020
Existing commercial property in RC-2 zoning permits varied commercial uses, subject to applicable approvals.
Property Size16,833 SF
Price / SF$297.04
Days on Market32
Property Features for 1905 - 1909 Harrison St
General Information
Standard status
Active
Size
16,833 SF
Zoning
RC-2
Building Details
Year Built
1959
Listing Agency:
Home-C International Realty LLC
Listed By:
Carlos Hasbun · License #A11937758
(202) 450-8107
Source:
Thepennteam
Added: Aug 15
Changed: Sep 8
Last Checked: Sep 14 at 7:10PM
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 Home-C International Realty LLC
Investment Insights
Based on property information with market context.
Located at 1905–1909 Harrison St in Downtown Hollywood, this mixed-use commercial property includes existing improvements dating to 1959. The asset is offered in its current condition and is positioned as an existing income-producing property with available space and occupancy that can be evaluated through active management.
The property is zoned RC-2, identified as the Historic Retail Core district. This designation permits a range of commercial uses and allows multifamily residential above the ground floor, subject to City requirements and applicable approvals. Young Circle is nearby, and the property sits within Downtown Hollywood, an area undergoing continued redevelopment.
Any review of permitted uses, development rights, density, FAR, height, parking requirements, or other redevelopment parameters should be completed with the City of Hollywood and applicable governmental authorities.
The property is zoned RC-2, identified as the Historic Retail Core district. This designation permits a range of commercial uses and allows multifamily residential above the ground floor, subject to City requirements and applicable approvals. Young Circle is nearby, and the property sits within Downtown Hollywood, an area undergoing continued redevelopment.
Any review of permitted uses, development rights, density, FAR, height, parking requirements, or other redevelopment parameters should be completed with the City of Hollywood and applicable governmental authorities.
Key Highlights
- RC‑2 (Historic Retail Core) zoning
- Existing mixed‑use commercial property at 1905–1909 Harrison St
- Built in 1959
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
$324,961
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
6.50%
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%
$6,499,220
$6.5M
Cap Rate 7%
$4,642,300
$4.6M
Cap Rate 9%
$3,610,678
$3.6M
Market Conditions
NOI Build-Up for 16,833 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
$555.5K $33.00/SF
− Vacancy
−$122.2K −$7.26/SF
EGI
$433.3K $25.74/SF
− OpEx
−$108.3K −$6.44/SF
NOI
$325.0K $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%
$6,499,220
Cap Rate 7%
$4,642,300
Cap Rate 9%
$3,610,678
Alternative Uses
Best Use
Office B
$4.64M
$4.06M – $5.42M
NOI $324,961 @ 7.0% cap · market cap 6.50%
Second Best
Mixed Use
$3.25M
$2.84M – $3.79M
NOI $227,246 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$6.59M
$5.76M – $7.68M
NOI $460,955 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing commercial property in RC-2 zoning permits varied commercial uses, subject to applicable approvals.
Where is this mixed-use property located?
The property is located at 1905 - 1909 Harrison St Hollywood, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: RC‑2 (Historic Retail Core) zoning; Existing mixed‑use commercial property at 1905–1909 Harrison St; Built in 1959
