Newly Constructed Retail
1735 N Federal Hwy, Hollywood, FL 33020
For Sale
Contact for pricing
Class A retail center with high-traffic exposure in Hollywood, Florida.
Property Size6,200 SF
Price / SF$419.35
Days on Market749
Property Features for 1735 N Federal Hwy
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Units
Tenancy
Listing Agency:
CBRE - Fort Lauderdale
Listed By:
Benjamin Silver · License FL SL3197924
Source:
Crexi
Added: Oct 23, 2024
Changed: Nov 9
Last Checked: Nov 10 at 7:54AM
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 CBRE - Fort Lauderdale
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Investment Insights
Based on property information with market context.
The property is a newly constructed, Class A retail center with approximately 6,200 square feet of space. It has direct frontage on N Federal Highway (US-1) in Hollywood, Florida, offering high traffic exposure with over 31,000 vehicles per day. The property is currently 64% occupied and features two vacant retail bays available for lease. It is shadow-anchored by a newly constructed Wawa to the north. The property provides easy ingress and egress with parking located in the rear. The tenant mix is diverse and stable, with additional value achievable through the lease-up of the vacant spaces. The existing leases are approximately 20% below current market rates, offering an investor the opportunity to increase rental rates.
Key Highlights
- Newly constructed (2020) Class A retail center.
- 64% occupancy with 2 vacant retail bays offering immediate lease‑up potential.
- Shadow‑anchored by a newly constructed Wawa.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,244
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,880
$1.7M
Cap Rate 7%
$1,232,057
$1.2M
Cap Rate 9%
$958,267
$958.3K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$133.9K $21.60/SF
− Vacancy
−$10.7K −$1.73/SF
EGI
$123.2K $19.87/SF
− OpEx
−$37.0K −$5.96/SF
NOI
$86.2K $13.91/SF
Area
Hollywood, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,880
Cap Rate 7%
$1,232,057
Cap Rate 9%
$958,267
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,244 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,781 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Under-served
Demand for This Use
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
$306,700
Median Home Value
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Market
Average Price Trend$/SF for Shopping centers in Broward County, FL
Properties on Market for Shopping centers in Broward County
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Class A retail center with high-traffic exposure in Hollywood, Florida.
Where is this shopping center located?
The property is located at 1735 N Federal Hwy Hollywood, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Newly constructed (2020) Class A retail center.; 64% occupancy with 2 vacant retail bays offering immediate lease‑up potential.; Shadow‑anchored by a newly constructed Wawa.
