Updated Flex Space with Roll-Up
For Sale
$425,000
Pending
2024 Liberty, Hollywood, FL 33020
Updated commercial space combines offices, showroom-warehouse area, and rear access.
Property Size1,530 SF
Lot Size0.25 Acres
Days on Market3217
Property Features for 2024 Liberty
General Information
Standard status
Pending
Size
1,530 SF
Lot size
0.25 Acres
Property subtype
General Commercial
Property Condition
Severity
Repairs Needed
Evidence
needs restoration
Additional Details
Road Access
Yes
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$5,102
Amenities
3
8 Parking Spaces.
40
Building Details
Year Built
1964
Listing Agency:
United Realty Group Inc
(954) 483-1470
Listed By:
Giovanni Parra · License #678772
(954) 483-1470
Source:
Xome
Added: Nov 10, 2017
Changed: Aug 30
Last Checked: Aug 30 at 3:17AM
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 United Realty Group Inc
Investment Insights
Based on property information with market context.
This flex space includes three offices, one bathroom, and a combined showroom-warehouse area within an industrial-office building. Improvements include a new AC system, fresh interior paint, and new electrical work. A street-level roll-up door supports direct access to the main space, while an additional entrance is available from the back street. The property is ready for occupancy and includes a rear-lot storage building that requires restoration.
Located at 2024 Liberty in Hollywood, Florida, the property offers eight parking spaces and a lot measuring from 0 to 1/4 acre. The configuration supports both office and warehouse functions in a single commercial building.
Located at 2024 Liberty in Hollywood, Florida, the property offers eight parking spaces and a lot measuring from 0 to 1/4 acre. The configuration supports both office and warehouse functions in a single commercial building.
Key Highlights
- Flex space with 3 offices and 1 bathroom
- Showroom‑warehouse area with street‑level roll‑up door
- New AC, fresh paint, and new electricity
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
$29,537
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
6.95%
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%
$590,740
$590.7K
Cap Rate 7%
$421,957
$422.0K
Cap Rate 9%
$328,189
$328.2K
Market Conditions
NOI Build-Up for 1,530 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
$50.5K $33.00/SF
− Vacancy
−$11.1K −$7.26/SF
EGI
$39.4K $25.74/SF
− OpEx
−$9.8K −$6.44/SF
NOI
$29.5K $19.31/SF
Area
Hollywood, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
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%
$590,740
Cap Rate 7%
$421,957
Cap Rate 9%
$328,189
Alternative Uses
Best Use
Office B
$422.0K
$369.2K – $492.3K
NOI $29,537 @ 7.0% cap · market cap 6.95%
Second Best
Flex RnD
$248.2K
$217.2K – $289.6K
NOI $17,376 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$598.5K
$523.7K – $698.3K
NOI $41,898 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,440
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial space combines offices, showroom-warehouse area, and rear access.
Where is this flex space located?
The property is located at 2024 Liberty Hollywood, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Flex space with 3 offices and 1 bathroom; Showroom‑warehouse area with street‑level roll‑up door; New AC, fresh paint, and new electricity
