Downtown Historic Retail
For Sale
$2,163,000
20142016 Harrison Street, Hollywood, FL 33023
Retail building near Hollywood Boulevard and Young Circle offers 5,049 SF of space with RC-2 zoning.
Property Size5,049 SF
Lot Size0.15 Acres
Price / SF$428.40
Days on Market68
Property Features for 20142016 Harrison Street
General Information
Standard status
Active
Size
5,049 SF
Lot size
0.15 Acres
Property subtype
General Commercial
Zoning
RC-2
Taxes and HOA fees
Annual Taxes
$29,223
Amenities
3
4 Parking Spaces.
Building Details
Year Built
1957
Listing Agency:
Native Realty Co.
Listed By:
Jaime Sturgis · License #F10522889
(954) 595-2999
Source:
Xome
Added: Jul 3
Changed: Sep 7
Last Checked: Sep 8 at 3:34AM
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 Native Realty Co.
Investment Insights
Based on property information with market context.
For sale: a ±5,049 SF retail property on a 6,405 SF lot in the heart of Downtown Hollywood’s Historic District, available immediately. The property is positioned to benefit from pedestrian activity, with strong visibility and close proximity to surrounding dining, entertainment, retail, and new residential development activity.
Zoned RC-2 (Historic Retail Core), the building accommodates a range of uses including retail, restaurant, office, showroom, gallery, wellness, and creative uses, supporting flexible tenant and owner-occupant applications.
Located at 2014/2016 Harrison Street, the site is described as being steps from Hollywood Boulevard and Young Circle.
Zoned RC-2 (Historic Retail Core), the building accommodates a range of uses including retail, restaurant, office, showroom, gallery, wellness, and creative uses, supporting flexible tenant and owner-occupant applications.
Located at 2014/2016 Harrison Street, the site is described as being steps from Hollywood Boulevard and Young Circle.
Key Highlights
- ±5,049 SF retail building on a 6,405 SF lot in Downtown Hollywood’s Historic District
- Steps from Hollywood Boulevard and Young Circle for convenient access in the downtown core
- RC‑2 (Historic Retail Core) zoning allows retail, restaurant, office, showroom, gallery, wellness, and creative uses
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
$70,234
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
3.25%
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%
$1,404,680
$1.4M
Cap Rate 7%
$1,003,343
$1.0M
Cap Rate 9%
$780,378
$780.4K
Market Conditions
NOI Build-Up for 5,049 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
$109.1K $21.60/SF
− Vacancy
−$8.7K −$1.73/SF
EGI
$100.3K $19.87/SF
− OpEx
−$30.1K −$5.96/SF
NOI
$70.2K $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%
$1,404,680
Cap Rate 7%
$1,003,343
Cap Rate 9%
$780,378
Alternative Uses
Best Use
Retail
$1.00M
$877.9K – $1.17M
NOI $70,234 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.73M – $2.30M
NOI $138,262 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail building near Hollywood Boulevard and Young Circle offers 5,049 SF of space with RC-2 zoning.
Where is this retail space located?
The property is located at 20142016 Harrison Street Hollywood, FL.
What is the asking price?
The asking price for this property is $2,163,000.
What are key features of this property?
This property features: ±5,049 SF retail building on a 6,405 SF lot in Downtown Hollywood’s Historic District; Steps from Hollywood Boulevard and Young Circle for convenient access in the downtown core; RC‑2 (Historic Retail Core) zoning allows retail, restaurant, office, showroom, gallery, wellness, and creative uses
