Freestanding Industrial
For Sale
$2,195,000
1950 Grant St, Hollywood, FL 33020
Warehouse accommodations suit industrial, storage, automotive, manufacturing, and service-related uses.
Property Size6,048 SF
Lot Size0.19 Acres
Price / SF$362.93
Days on Market65
Property Features for 1950 Grant St
General Information
Standard status
Active
Size
6,048 SF
Lot size
0.19 Acres
Property subtype
Industrial
Zoning
ND-1 / RAC Overlay
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Warehouse Space
6,048 SF
Building Details
Building Size
6,048 SF
Buildings
1
Tenancy
Multi
Listing Agency:
(561) 414-8567
Listed By:
C. Todd Everett, SIOR · License ##BK3531036
(561) 414-8567
Source:
Lee-associates
Added: Jun 29
Changed: Aug 31
Last Checked: Aug 31 at 2:54PM
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 C. Todd Everett, SIOR
Investment Insights
Based on property information with market context.
This freestanding warehouse property includes 6,048 square feet of industrial space on a ±8,235-square-foot, 0.19-acre site. The building is arranged in a multi-tenant configuration and includes multiple grade-level loading doors, creating a practical layout for warehouse and service operations. The property carries an industrial/warehouse use designation and is zoned ND-1 / RAC Overlay.
Located at 1950 Grant Street in Hollywood, the building has approximately 60 feet of frontage along Grant Street. The property is minutes from I-95, US-1, Fort Lauderdale-Hollywood International Airport, and Port Everglades, providing access to major transportation and logistics destinations in the area.
Located at 1950 Grant Street in Hollywood, the building has approximately 60 feet of frontage along Grant Street. The property is minutes from I-95, US-1, Fort Lauderdale-Hollywood International Airport, and Port Everglades, providing access to major transportation and logistics destinations in the area.
Key Highlights
- 6,048 SF freestanding industrial warehouse
- ±8,235 SF (0.19‑acre) site
- Multiple grade‑level loading doors
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
$65,144
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
2.97%
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%
$1,302,880
$1.3M
Cap Rate 7%
$930,629
$930.6K
Cap Rate 9%
$723,822
$723.8K
Market Conditions
NOI Build-Up for 6,048 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
$79.8K $13.20/SF
− Vacancy
−$3.2K −$0.53/SF
EGI
$76.6K $12.67/SF
− OpEx
−$11.5K −$1.90/SF
NOI
$65.1K $10.77/SF
Area
Hollywood, FL
Vacancy
4.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$1,302,880
Cap Rate 7%
$930,629
Cap Rate 9%
$723,822
Alternative Uses
Best Use
Warehouse
$930.6K
$814.3K – $1.09M
NOI $65,144 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,618 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,006
Businesses Nearby
Balanced
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse accommodations suit industrial, storage, automotive, manufacturing, and service-related uses.
Where is this warehouse located?
The property is located at 1950 Grant St Hollywood, FL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 6,048 SF freestanding industrial warehouse; ±8,235 SF (0.19‑acre) site; Multiple grade‑level loading doors
