10-Unit Apartment
For Sale
$1,950,000
1323 North Federal Highway Unit 110, Hollywood, FL 33020
Multifamily property with a mix of two-bedroom and studio apartments, assigned parking, and FH-2 zoning.
Property Size4,829 SF
Price / SF$403.81
Days on Market921
Property Features for 1323 North Federal Highway Unit 110
General Information
Standard status
Active
Size
4,829 SF
Total Parking Spaces
10
Property subtype
Commercial/Industrial / Fourplex
Zoning
FH-2
Units
Unit Mix
7 x 2BR/1BA, 3 x 0BR/1BA
Multifamily Units
10
Taxes and HOA fees
Annual Taxes
$18,236
Building Details
Year Built
1955
Stories
5
Listing Agency:
United Realty Group Inc
Listed By:
Mariya Stoyanova · License #3343472
(954) 450-2000
Source:
Compass
Added: Feb 25, 2024
Changed: Sep 3
Last Checked: Sep 2 at 11:31PM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This 10-unit apartment property contains seven two-bedroom, one-bath residences and three studio, one-bath residences within 4,829 square feet. Five units retain their original condition, while five have been completely renovated. The property was built in 1955 and includes 10 assigned parking spaces, with additional street parking available.
The building is located east of US-1, near Downtown Hollywood and approximately five minutes from the beach. FH-2 zoning allows up to five stories and 55 feet. Property access for tours is subject to an accepted offer, and tenant privacy is requested during the process.
The building is located east of US-1, near Downtown Hollywood and approximately five minutes from the beach. FH-2 zoning allows up to five stories and 55 feet. Property access for tours is subject to an accepted offer, and tenant privacy is requested during the process.
Key Highlights
- 10 units: 7 two‑bedroom/one‑bath and 3 studio/one‑bath apartments
- 4,829 square feet; built in 1955
- Five original units and five completely renovated units
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
$80,490
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
4.13%
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%
$1,609,800
$1.6M
Cap Rate 7%
$1,149,857
$1.1M
Cap Rate 9%
$894,333
$894.3K
Market Conditions
NOI Build-Up for 4,829 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
$153.6K $31.80/SF
− Vacancy
−$7.2K −$1.49/SF
EGI
$146.3K $30.31/SF
− OpEx
−$65.9K −$13.64/SF
NOI
$80.5K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,609,800
Cap Rate 7%
$1,149,857
Cap Rate 9%
$894,333
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,490 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,237 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,254
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a mix of two-bedroom and studio apartments, assigned parking, and FH-2 zoning.
Where is this apartment building located?
The property is located at 1323 North Federal Highway Unit 110 Hollywood, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10 units: 7 two‑bedroom/one‑bath and 3 studio/one‑bath apartments; 4,829 square feet; built in 1955; Five original units and five completely renovated units
