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 Market216
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
Listed By:
John DeMarco · License #A12052614
(954) 453-1000
Source:
Elliman
Added: Mar 11
Changed: Sep 26
Last Checked: Oct 11 at 8:03AM
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 / Yr
$375,444
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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.
