Single-Story Manufacturing Building with
For Sale
$1,295,000
Pending
2040 DEWEY STREET, Hollywood, FL 33020
Concrete construction, twin-T roofing, and two 12-foot overhead doors support a flexible industrial layout.
Property Size4,000 SF
Lot Size0.13 Acres
Days on Market2095
Property Features for 2040 DEWEY STREET
General Information
Standard status
Pending
Size
4,000 SF
Total Parking Spaces
5
Lot size
0.13 Acres
Property subtype
General Commercial
Additional Details
Gross Income
$30,000
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$8,386
Amenities
3
4 Parking Spaces.
Building Details
Year Built
1983
Stories
1
Building Size
4,000 SF
Construction
CBS
Listing Agency:
Marina Realty Group
(305) 931-7991
Listed By:
Doreen Marina · License #3005502
(305) 931-7991
Source:
Xome
Added: Dec 4, 2020
Changed: Aug 29
Last Checked: Aug 29 at 4:13PM
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 Marina Realty Group
Investment Insights
Based on property information with market context.
This single-story manufacturing property includes a 4,000-square-foot concrete building on a 5,801-square-foot lot at 2040 Dewey Street in Hollywood, Florida. The structure features a twin-T roof, two 12-foot-high overhead steel doors, two air-conditioning units rated at 3 tons and 3.5 tons, and three bathrooms consisting of one full bath with shower and bidet plus two half baths. A substantial steel vault with a Chubb vault door occupies a steel-walled room with steel doors. The building was constructed in 1983 and was originally used as a gold refinery.
The property is designated for both commercial and industrial use. The current owner occupies 50% of the rentable area, with the remaining portion occupied by tenants. The northwest corner lot provides a defined site configuration for the existing building and industrial improvements.
The property is designated for both commercial and industrial use. The current owner occupies 50% of the rentable area, with the remaining portion occupied by tenants. The northwest corner lot provides a defined site configuration for the existing building and industrial improvements.
Key Highlights
- 4,000‑square‑foot single‑story building on a 5,801‑square‑foot lot
- Zoned for both commercial and industrial use
- Two 12‑foot‑high overhead steel garage doors
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
$45,427
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
3.51%
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%
$908,540
$908.5K
Cap Rate 7%
$648,957
$649.0K
Cap Rate 9%
$504,744
$504.7K
Market Conditions
NOI Build-Up for 4,000 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
$76.8K $19.20/SF
− Vacancy
−$6.9K −$1.73/SF
EGI
$69.9K $17.47/SF
− OpEx
−$24.5K −$6.12/SF
NOI
$45.4K $11.36/SF
Area
Hollywood, FL
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$908,540
Cap Rate 7%
$648,957
Cap Rate 9%
$504,744
Alternative Uses
Best Use
Flex RnD
$649.0K
$567.8K – $757.1K
NOI $45,427 @ 7.0% cap · market cap 3.51%
Second Best
Industrial
$550.1K
$481.3K – $641.8K
NOI $38,506 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,536 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
3,918
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Concrete construction, twin-T roofing, and two 12-foot overhead doors support a flexible industrial layout.
Where is this manufacturing property located?
The property is located at 2040 DEWEY STREET Hollywood, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 4,000‑square‑foot single‑story building on a 5,801‑square‑foot lot; Zoned for both commercial and industrial use; Two 12‑foot‑high overhead steel garage doors
