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    Industrial Flex with Cooler Space Title is generated by Realmo AI

    1950 Hayes St, Hollywood, FL 33020

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    Industrial flex unit with freezer and cooler space plus office for temperature-controlled storage and distribution needs.

    Type:Industrial
    Property size:
    2,600 SF
    Price / SF:
    $1.83/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 1:51 am

    Property Features for 1950 Hayes St

    General Information

    Standard status
    Active
    Size
    2,600 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Jerry Stapel
    Jerry Stapel

    Listing agent Jerry Stapel

    Listing office

    Listing date Jun 3, 2026

    Source Elliman

    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 Jerry Stapel

    HighLights

    • Sublease industrial flex unit with 600 SF freezer/refrigeration area
    • Includes 200 SF cooler space for temperature‑controlled storage
    • Layout also features 1,550 SF dry warehouse space
    • Office area totals 250 SF
    • Street‑level access for convenient loading and entry
    • Built in 1959

    Overview

    This industrial flex offering includes approximately 600 square feet of freezer/refrigeration area, 200 square feet of cooler space, about 250 square feet of office, and roughly 1,550 square feet of dry warehouse space. The configuration is designed to support temperature-controlled storage alongside standard dry warehousing, with convenient street-level access.

    The space is presented as a sublease opportunity and is available for businesses needing temperature-controlled operations. Walk and bike accessibility are strong, with a Walk Score of 90 (Very Walkable) and a Bike Score of 73 (Very Bikeable). Transit Score is 45 (Some Transit), which may be relevant for tenant staffing needs.

    A practical fit includes food storage and distribution users, as well as any operation that requires temperature control for a portion of its inventory while maintaining a dry warehouse area for complementary goods. The included office space supports day-to-day coordination without requiring the tenant to secure separate administrative space.
    Location Intelligence

    Current Use by Public Records

    JackN Bakes Bakery Southern Bear Food Processing Plant Southern Bear Inc Bakery Bear Frost Bakery

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Self Storage — 19 S 20th Ave, Hollywood, FL 33020
    • Flex Moving & Storage — 2719 Hollywood Blvd #1, Hollywood, FL 33020
    • ULockStore — 2015 Harrison St, Hollywood, FL 33020
    • Level Up Moving LLC — 1918 Harrison St, Hollywood, FL 33020
    • Lor Transport Services LLC — 1940 Harrison St Suite 206, Hollywood, FL 33020

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1468522
    Latitude
    26.0204405

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    FAQs

    What type of property is this?
    Warehouse - Industrial flex unit with freezer and cooler space plus office for temperature-controlled storage and distribution needs.
    Where is this warehouse located?
    The property is located at 1950 Hayes St Hollywood, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Sublease industrial flex unit with 600 SF freezer/refrigeration area; Includes 200 SF cooler space for temperature‑controlled storage; Layout also features 1,550 SF dry warehouse space
    (305) 216-4636
    We can help!
    Listing Contact
    Jerry Stapel
    Jerry Stapel
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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