Hollywood Assisted Living
For Sale
$12,900,000
2001 Polk St, Hollywood, FL 33020
Turnkey 105-bed assisted living facility in central Hollywood.
Property Size27,270 SF
Lot Size0.54 Acres
Days on Market253
Property Features for 2001 Polk St
General Information
Standard status
Active
Size
27,270 SF
Lot size
0.54 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$74,596
Building Details
Building Size
27,270 SF
Year Built
1962
Listing Agency:
Fausto Commercial Realty Consultants Inc
(954) 743-7594
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:00PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This is a 105-bed licensed Assisted Living Facility. The three-story building has 27,270 square feet. The facility is a turnkey operation generating over $3.5M in annual gross income. It is fully occupied and professionally managed. The property is located in central Hollywood, minutes from I-95, Fort Lauderdale-Hollywood International Airport, and Hollywood Beach.
Key Highlights
- Generates $3.5M+ in annual gross income with an 8.1% going‑in cap rate.
- Licensed 105‑bed Assisted Living Facility.
- Turnkey operation with consistent cash flow.
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
$454,536
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
3.52%
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%
$9,090,720
$9.1M
Cap Rate 7%
$6,493,371
$6.5M
Cap Rate 9%
$5,050,400
$5.1M
Market Conditions
NOI Build-Up for 27,270 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
$867.2K $31.80/SF
− Vacancy
−$40.8K −$1.49/SF
EGI
$826.4K $30.31/SF
− OpEx
−$371.9K −$13.64/SF
NOI
$454.5K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$9,090,720
Cap Rate 7%
$6,493,371
Cap Rate 9%
$5,050,400
Alternative Uses
Best Use
Apartment 5plus
$6.49M
$5.68M – $7.58M
NOI $454,536 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.67M
$9.33M – $12.45M
NOI $746,762 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,651
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Life is Precious ALF — 2527 Jackson St, Hollywood, FL 33020
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- Kosher Assisted Living — 2448 polk st, hollywood, fl 33020
- Hollywood Beach Retirement Home — 1722 Madison St, Hollywood, FL 33020
- Robert Shapiro & Associates PA — 2721 Hollywood Blvd, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Assisted living facility - Turnkey 105-bed assisted living facility in central Hollywood.
Where is this assisted living facility located?
The property is located at 2001 Polk St Hollywood, FL.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: Generates $3.5M+ in annual gross income with an 8.1% going‑in cap rate.; Licensed 105‑bed Assisted Living Facility.; Turnkey operation with consistent cash flow.
