Townhouse Office Live/Work
For Sale
$399,000
140 S Dixie Hwy TH101, Hollywood, FL 33020
Two-story townhouse office with live/work potential near Downtown Hollywood.
Property Size1,900 SF
Days on Market130
Property Features for 140 S Dixie Hwy TH101
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,575
Building Details
Building Size
1,900 SF
Year Built
2008
Listing Agency:
(917) 287-8510
Listed By:
Oleksandr Iegorov · License #3451776
(917) 287-8510
Source:
Elliman
Added: Apr 24
Changed: Aug 22
Last Checked: Aug 30 at 8:48PM
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 Oleksandr Iegorov
Investment Insights
Based on property information with market context.
This two-story townhouse office offers a unique live/work opportunity, featuring two private offices, a full bath, and a den that can be converted into a conference room, along with a guest bath. Designed for either residential or business use, the property benefits from ample natural light and includes a high-ceiling, open-concept kitchen, in-unit washer/dryer, and large walk-in storage closets. Access is versatile with two private entrances, one from the garage and another from the street front. The property includes two covered garage spaces. Building amenities include valet parking, an attended lobby, pool, spa, gym, and sports lounge. The location is within walking distance of restaurants, shops, and Downtown Hollywood, and is just minutes from the beach. The property has a bike score of 75, indicating it is very bikeable, and a walk score of 86, indicating it is very walkable. The transit score is 43, indicating some transit options are available.
Key Highlights
- Unique live/work opportunity with spacious offices and residential features.
- Two private entrances and two covered garage spaces offer versatile access.
- High walk score (86) allows easy access to restaurants, shops, and Downtown Hollywood.
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
$36,680
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
9.19%
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%
$733,600
$733.6K
Cap Rate 7%
$524,000
$524.0K
Cap Rate 9%
$407,556
$407.6K
Market Conditions
NOI Build-Up for 1,900 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
$62.7K $33.00/SF
− Vacancy
−$13.8K −$7.26/SF
EGI
$48.9K $25.74/SF
− OpEx
−$12.2K −$6.44/SF
NOI
$36.7K $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%
$733,600
Cap Rate 7%
$524,000
Cap Rate 9%
$407,556
Alternative Uses
Best Use
Office B
$524.0K
$458.5K – $611.3K
NOI $36,680 @ 7.0% cap · market cap 9.19%
Second Best
Mixed Use
$366.4K
$320.6K – $427.5K
NOI $25,650 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,030 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,146
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Two-story townhouse office with live/work potential near Downtown Hollywood.
Where is this live-work space located?
The property is located at 140 S Dixie Hwy TH101 Hollywood, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Unique live/work opportunity with spacious offices and residential features.; Two private entrances and two covered garage spaces offer versatile access.; High walk score (86) allows easy access to restaurants, shops, and Downtown Hollywood.
