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 Market312
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
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 9
Last Checked: Aug 25 at 8:12AM
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 / Yr
$454,536
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Location Intelligence
Trade Area within ½ mile
4,186
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
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Hollywood manor assisted living — 1928 Washington St, Hollywood, FL 33020
- Hollywood Beach Retirement Home — 1722 Madison St, Hollywood, FL 33020
- Life is Precious ALF — 2527 Jackson St, Hollywood, FL 33020
- Robert Shapiro & Associates PA — 2721 Hollywood Blvd, Hollywood, FL 33020
- Kosher Assisted Living — 2448 polk st, 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.
