East Hollywood Office/Flex
For Sale
$6,500,000
2055 Liberty St, Hollywood, FL 33020
Freestanding 19,448 SF building on 0.73 acres.
Property Size19,448 SF
Lot Size0.74 Acres
Price / SF$334.22
Days on Market170
Property Features for 2055 Liberty St
General Information
Standard status
Active
Size
19,448 SF
Lot size
0.74 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$45,547
Building Details
Building Size
19,448 SF
Year Built
1973
Listing Agency:
RE/MAX 5 STAR REALTY
(954) 453-1000
Listed By:
John DeMarco · License #A12052543
(954) 453-1000
Source:
Elliman
Added: Mar 11
Changed: Aug 25
Last Checked: Aug 26 at 9:51AM
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 5 STAR REALTY
Investment Insights
Based on property information with market context.
This freestanding Office/Flex building is located in East Hollywood, Florida, directly on Dixie Highway. The property includes a 19,448 square foot building situated on a 32,217 square foot lot, which is equivalent to 0.73 acres. The building is currently vacant. The property is an approved gun range. The DH-3 zoning permits most uses and encourages new developments with generous height restrictions. This property may suit an owner-user looking to relocate to East Hollywood.
Key Highlights
- Large 19,448 SF freestanding building on a 32,217 SF lot in East Hollywood.
- Liberal DH‑3 zoning permits most uses and encourages new developments.
- Located directly on Dixie Highway.
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
$375,444
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
5.78%
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%
$7,508,880
$7.5M
Cap Rate 7%
$5,363,486
$5.4M
Cap Rate 9%
$4,171,600
$4.2M
Market Conditions
NOI Build-Up for 19,448 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
$641.8K $33.00/SF
− Vacancy
−$141.2K −$7.26/SF
EGI
$500.6K $25.74/SF
− OpEx
−$125.1K −$6.44/SF
NOI
$375.4K $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%
$7,508,880
Cap Rate 7%
$5,363,486
Cap Rate 9%
$4,171,600
Alternative Uses
Best Use
Office B
$5.36M
$4.69M – $6.26M
NOI $375,444 @ 7.0% cap · market cap 5.78%
Second Best
Flex RnD
$3.16M
$2.76M – $3.68M
NOI $220,867 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$7.61M
$6.66M – $8.88M
NOI $532,564 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,440
Businesses Nearby
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.
Frequently Asked Questions
What type of property is this?
Office building - Freestanding 19,448 SF building on 0.73 acres.
Where is this office building located?
The property is located at 2055 Liberty St Hollywood, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Large 19,448 SF freestanding building on a 32,217 SF lot in East Hollywood.; Liberal DH‑3 zoning permits most uses and encourages new developments.; Located directly on Dixie Highway.
