Renovated Unit with Golf Course
For Sale
$149,950
1700 Pierce St 702, Hollywood, FL 33020
Updated 1-bedroom unit near Downtown Hollywood with golf course view.
Property Size600 SF
Days on Market280
Property Features for 1700 Pierce St 702
General Information
Standard status
Active
Size
600 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$3,057
Building Details
Building Size
600 SF
Year Built
1959
Stories
8
Listed By:
Josel Suarez
(954) 663-7779
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Sep 4 at 3:28PM
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 Josel Suarez
Investment Insights
Based on property information with market context.
This renovated 1-bedroom unit offers views of the golf course and is located blocks from Downtown Hollywood's new Publix, Circ Hotel, Young Circle ArtsPark, shops and restaurants. The unit features ceramic tile floors, an updated bathroom with shower, and a tankless hot water heater. A spacious screened balcony provides morning sun. Situated east of US-1 in Hollywood Lakes, the property is across from the updated Hollywood Golf Course and its soon-to-open clubhouse and restaurant. A shuttle service to Hollywood Beach is available. Recent building upgrades include a new elevator, fire alarms, and exterior paint. The piping has been replaced, and the membrane roof was inspected and repaired in 2022. The building has completed its 40-year certification and has no special assessments. One unassigned parking space is included. Buyers under 55 can be approved.
Key Highlights
- Gorgeous golf course views from your spacious screened balcony.
- Prime location: walk to Downtown Hollywood's amenities like Publix, Circ Hotel, ArtsPark, shops, and restaurants.
- Enjoy shuttle service to Hollywood Beach.
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
$10,001
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
6.67%
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%
$200,020
$200.0K
Cap Rate 7%
$142,871
$142.9K
Cap Rate 9%
$111,122
$111.1K
Market Conditions
NOI Build-Up for 600 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
$19.1K $31.80/SF
− Vacancy
−$897 −$1.49/SF
EGI
$18.2K $30.31/SF
− OpEx
−$8.2K −$13.64/SF
NOI
$10.0K $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%
$200,020
Cap Rate 7%
$142,871
Cap Rate 9%
$111,122
Alternative Uses
Best Use
Apartment 5plus
$142.9K
$125.0K – $166.7K
NOI $10,001 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$234.7K
$205.4K – $273.8K
NOI $16,430 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,269
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 - Updated 1-bedroom unit near Downtown Hollywood with golf course view.
Where is this apartment building located?
The property is located at 1700 Pierce St 702 Hollywood, FL.
What is the asking price?
The asking price for this property is $149,950.
What are key features of this property?
This property features: Gorgeous golf course views from your spacious screened balcony.; Prime location: walk to Downtown Hollywood's amenities like Publix, Circ Hotel, ArtsPark, shops, and restaurants.; Enjoy shuttle service to Hollywood Beach.
