Flex Space with
For Sale
$875,000
Pending
3778 SW 30th Ave, Hollywood, FL 33312
Class A commercial space combines tailored offices with a functional warehouse and dedicated parking.
Property Size3,222 SF
Days on Market2604
Property Features for 3778 SW 30th Ave
General Information
Standard status
Pending
Size
3,222 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$15,457
Amenities
3
4 Parking Spaces.
Building Details
Year Built
2004
Listing Agency:
One Sotheby's International Realty
(305) 469-1620
Listed By:
Victoria Fisher · License #3259798
(305) 469-1620
Source:
Xome
Added: Jul 16, 2019
Changed: Aug 30
Last Checked: Aug 30 at 2:06PM
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 One Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 3,222-square-foot flex property at Port 95 Commerce features tilt-wall construction and impact glass. The interior includes custom office areas, a kitchen, bathrooms, storage, and a server room, along with warehouse space equipped with electrical service and an overhead door. The building was constructed in 2004.
Four reserved parking spaces are provided, with additional parking at the rear. The property is situated within a free zone near the airport, seaport, and Marina Mile, with access to surrounding roads and expressways. Its configuration supports office and warehouse operations in a commercial setting.
Four reserved parking spaces are provided, with additional parking at the rear. The property is situated within a free zone near the airport, seaport, and Marina Mile, with access to surrounding roads and expressways. Its configuration supports office and warehouse operations in a commercial setting.
Key Highlights
- 3,222 SF flex property in Port 95 Commerce
- Tilt‑wall construction with impact glass
- Custom offices, kitchen, baths, storage, and server room
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
$62,201
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
7.11%
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%
$1,244,020
$1.2M
Cap Rate 7%
$888,586
$888.6K
Cap Rate 9%
$691,122
$691.1K
Market Conditions
NOI Build-Up for 3,222 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
$106.3K $33.00/SF
− Vacancy
−$23.4K −$7.26/SF
EGI
$82.9K $25.74/SF
− OpEx
−$20.7K −$6.44/SF
NOI
$62.2K $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%
$1,244,020
Cap Rate 7%
$888,586
Cap Rate 9%
$691,122
Alternative Uses
Best Use
Office B
$888.6K
$777.5K – $1.04M
NOI $62,201 @ 7.0% cap · market cap 7.11%
Second Best
Flex RnD
$522.7K
$457.4K – $609.9K
NOI $36,592 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,231 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
607
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33312, FL
51,570
Population
21,332
Households
2.4
Avg Household Size
39
Median Age
28%
College-Educated
86%
High-School Grad
11.1 sq mi
ZIP Area
4,646
Density / Sq Mi
$77,644
Median Household Income
$39,333
Median Earnings
$1,566
Median Rent
$397,800
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?
Flex space - Class A commercial space combines tailored offices with a functional warehouse and dedicated parking.
Where is this flex space located?
The property is located at 3778 SW 30th Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 3,222 SF flex property in Port 95 Commerce; Tilt‑wall construction with impact glass; Custom offices, kitchen, baths, storage, and server room
