Tenant-Occupied
For Sale
Contact for pricing
Pending
1916 - 1918 Grant Street, Hollywood, FL 33020
Two electric meters and month-to-month occupancy add practical operating detail to this duplex property.
Property Size2,975 SF
Days on Market118
Property Features for 1916 - 1918 Grant Street
General Information
Standard status
Pending
Size
2,975 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
ND-1
Additional Details
Multifamily Units
2
Building Details
Year Built
1986
Units
7
Listing Agency:
The Keyes Company
Listed By:
Jacqueline Jordan · License #3163797
(305) 753-3503
Source:
Crexi
Added: May 13
Changed: Sep 2
Last Checked: Sep 1 at 8:46PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,975 square feet and offers a total of 7 bedrooms. Built in 1986, the property is zoned ND-1 and currently has tenants in place under month-to-month arrangements. Two electric meters are installed, providing a defined utility feature for the property. Updates and renovations may be needed, creating an opportunity to improve the existing asset while maintaining its current residential income use.
The property is located at 1916–1918 Grant Street in Hollywood, Florida, in the east Hollywood area. Shopping, dining, parks, transportation, and everyday services are identified in the surrounding area. Showings are available by appointment, and tenants are not to be disturbed.
The property is located at 1916–1918 Grant Street in Hollywood, Florida, in the east Hollywood area. Shopping, dining, parks, transportation, and everyday services are identified in the surrounding area. Showings are available by appointment, and tenants are not to be disturbed.
Key Highlights
- Two‑unit duplex with 7 bedrooms
- 2,975 square feet of property size
- Tenant occupied on a month‑to‑month basis
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
$53,304
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
7.12%
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%
$1,066,080
$1.1M
Cap Rate 7%
$761,486
$761.5K
Cap Rate 9%
$592,267
$592.3K
Market Conditions
NOI Build-Up for 2,975 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
$80.3K $27.00/SF
− Vacancy
−$4.2K −$1.40/SF
EGI
$76.1K $25.60/SF
− OpEx
−$22.8K −$7.68/SF
NOI
$53.3K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,066,080
Cap Rate 7%
$761,486
Cap Rate 9%
$592,267
Alternative Uses
Best Use
Multifamily LT 5
$761.5K
$666.3K – $888.4K
NOI $53,304 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$708.4K
$619.8K – $826.5K
NOI $49,587 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,467 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,411
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two electric meters and month-to-month occupancy add practical operating detail to this duplex property.
Where is this duplex located?
The property is located at 1916 - 1918 Grant Street Hollywood, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two‑unit duplex with 7 bedrooms; 2,975 square feet of property size; Tenant occupied on a month‑to‑month basis
