Vacant Flex/Industrial
For Sale
$4,095,000
1800 N Dixie Hwy, Hollywood, FL 33020
Vacant flex/industrial warehouse includes a mezzanine, air-conditioned warehouse area, and recently replaced roof.
Property Size12,013 SF
Lot Size0.33 Acres
Price / SF$340.88
Days on Market135
Property Features for 1800 N Dixie Hwy
General Information
Standard status
Active
Size
12,013 SF
Lot size
0.33 Acres
Property subtype
Commercial
Zoning
DH-3
Additional Details
Heavy Power
Yes
Building Details
Year Built
1934
Listing Agency:
Douglas Elliman - Boca Raton
Listed By:
Alex Sajovits · License #SL3490339
(917) 597-3090
Source:
Elliman
Added: Apr 24
Changed: Jul 20
Last Checked: Sep 4 at 1:07PM
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 Douglas Elliman - Boca Raton
Investment Insights
Based on property information with market context.
The property is a vacant 12,013 SF flex/industrial warehouse with a mezzanine, designed to support both warehouse functionality and flexible interior use. Key building features include 3-phase power, air-conditioned warehouse space, a recently replaced roof, and an existing security system.
The asset sits on a 14,176 SF lot and is zoned DH-3. Public remarks indicate retail frontage and allowance for high-intensity mixed-use development, with the potential for taller construction and higher FAR, subject to approvals.
Permitted uses listed in the remarks include retail, showroom, office, medical, restaurant, service, and flex/industrial, with the possibility of mixed-use and residential above also described as subject to approvals.
The asset sits on a 14,176 SF lot and is zoned DH-3. Public remarks indicate retail frontage and allowance for high-intensity mixed-use development, with the potential for taller construction and higher FAR, subject to approvals.
Permitted uses listed in the remarks include retail, showroom, office, medical, restaurant, service, and flex/industrial, with the possibility of mixed-use and residential above also described as subject to approvals.
Key Highlights
- Vacant 12,013 SF flex/industrial warehouse with mezzanine, built in 1934
- 14,176 SF lot with DH‑3 zoning allowing high‑intensity mixed‑use development up to 10 stories (140 ft) and FAR 3.00 (subject to approvals)
- Permitted uses include retail, showroom, office, medical, restaurant, service, and flex/industrial (with potential mixed‑use or residential above, subject to approvals)
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
$136,429
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
3.33%
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%
$2,728,580
$2.7M
Cap Rate 7%
$1,948,986
$1.9M
Cap Rate 9%
$1,515,878
$1.5M
Market Conditions
NOI Build-Up for 12,013 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
$230.6K $19.20/SF
− Vacancy
−$20.8K −$1.73/SF
EGI
$209.9K $17.47/SF
− OpEx
−$73.5K −$6.12/SF
NOI
$136.4K $11.36/SF
Area
Hollywood, FL
Vacancy
9.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
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%
$2,728,580
Cap Rate 7%
$1,948,986
Cap Rate 9%
$1,515,878
Alternative Uses
Best Use
Flex RnD
$1.95M
$1.71M – $2.27M
NOI $136,429 @ 7.0% cap · market cap 3.33%
Second Best
Warehouse
$1.85M
$1.62M – $2.16M
NOI $129,394 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,964 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,406
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- SSNT ICE — 1029 N 20th Ave, Hollywood, FL 33020
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- South Florida Ice Cream Trucks — 361 E Sheridan St #102, Dania Beach, FL 33004
Frequently Asked Questions
What type of property is this?
Flex space - Vacant flex/industrial warehouse includes a mezzanine, air-conditioned warehouse area, and recently replaced roof.
Where is this flex space located?
The property is located at 1800 N Dixie Hwy Hollywood, FL.
What is the asking price?
The asking price for this property is $4,095,000.
What are key features of this property?
This property features: Vacant 12,013 SF flex/industrial warehouse with mezzanine, built in 1934; 14,176 SF lot with DH‑3 zoning allowing high‑intensity mixed‑use development up to 10 stories (140 ft) and FAR 3.00 (subject to approvals); Permitted uses include retail, showroom, office, medical, restaurant, service, and flex/industrial (with potential mixed‑use or residential above, subject to approvals)
