Freestanding Flex/Warehouse on Dixie
For Sale
$3,000,000
2000 North Dixie Highway, Hollywood, FL 33020
8,287 SF flex/warehouse on a 14,173 SF fenced lot.
Property Size8,287 SF
Lot Size0.33 Acres
Price / SF$362.01
Days on Market183
Property Features for 2000 North Dixie Highway
General Information
Standard status
Active
Size
8,287 SF
Lot size
0.33 Acres
Property subtype
Distribution Warehouse
Amenities
Hollywood Flex Industrial Building
A+ Location Directly on the Corner of Dixie Hwy / 21 Ave
Great Visibility & High Traffic Area
7% Proforma CAP Rate
Perfect for an Owner-User or Investor!
Building Details
Building Size
8,287 SF
Listing Agency:
RE/MAX
Listed By:
John DeMarco · License #A11932340
(954) 453-1000
Source:
Remaxcommercial
Added: Mar 11
Changed: Sep 8
Last Checked: Jul 16 at 1:53AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This freestanding flex/warehouse property provides 8,287 square feet of versatile space on a securely fenced 14,173 square foot lot. The property is positioned along North Dixie Hwy in East Hollywood, four blocks south of Sheridan Street. The oversized lot is suitable for truck parking or equipment storage. The property includes 2,800 square feet of workspace, making it suitable for a call center. It is located in DH-3 zoning (Dixie Highway High Intensity Mixed—Use District Uses), which allows for most retail and commercial uses. The property is suitable for a moving, trucking, or towing company.
Key Highlights
- Prime location on North Dixie Hwy in East Hollywood.
- Desirable DH‑3 zoning allows for most retail and commercial uses.
- 8,287 sq ft flex/warehouse space suitable for various businesses.
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
$115,275
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
3.84%
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%
$2,305,500
$2.3M
Cap Rate 7%
$1,646,786
$1.6M
Cap Rate 9%
$1,280,833
$1.3M
Market Conditions
NOI Build-Up for 8,287 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
$179.0K $21.60/SF
− Vacancy
−$14.3K −$1.73/SF
EGI
$164.7K $19.87/SF
− OpEx
−$49.4K −$5.96/SF
NOI
$115.3K $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 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%
$2,305,500
Cap Rate 7%
$1,646,786
Cap Rate 9%
$1,280,833
Alternative Uses
Best Use
Retail
$1.65M
$1.44M – $1.92M
NOI $115,275 @ 7.0% cap · market cap 3.84%
Second Best
Flex RnD
$1.34M
$1.18M – $1.57M
NOI $94,114 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$3.24M
$2.84M – $3.78M
NOI $226,931 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- SSNT ICE — 1029 N 20th Ave, Hollywood, FL 33020
- SUSHI CAFE CATERING — 1310 N Dixie Hwy, Hollywood, FL 33020
- 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 - 8,287 SF flex/warehouse on a 14,173 SF fenced lot.
Where is this flex space located?
The property is located at 2000 North Dixie Highway Hollywood, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location on North Dixie Hwy in East Hollywood.; Desirable DH‑3 zoning allows for most retail and commercial uses.; 8,287 sq ft flex/warehouse space suitable for various businesses.
