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Listing Agency: One Way Realty Group, LLC a***@gmail.com Show Phone

Listed By: Gevorg Shahbazyan · License #A12043244 Show Phone

Source: Lehmannflorida

Added: Jun 25 Changed: Oct 15 Last Checked: Oct 14 at 11:30PM

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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 One Way Realty Group, LLC

Investment Insights

Based on property information with market context.

The property includes 5,336 square feet of retail space within a 14-story mixed-use building containing 200 units. The premises feature high ceilings and can be divided into smaller configurations, offering flexibility for retail users. The building was designed by architect Kobi Karp.

Positioned at the corner of Federal Hwy (US1) and NE 21 St., the space has direct frontage on a commercial corridor carrying over 30,000 vehicles daily. Hollywood Beach, Fort Lauderdale Airport, Aventura Mall, and Hard Rock Hotel & Casino are identified as nearby destinations.

Key Highlights

• 5,336 sq ft of retail space with subdivision potential
• Corner position at Federal Hwy (US1) and NE 21 St.
• Direct frontage on a corridor carrying over 30,000 vehicles daily

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,642,000

Suggested Prices Based on Cap Rates

Cap Rate 5%

$132,840,000 $132.8M

Cap Rate 7%

$94,885,714 $94.9M

Cap Rate 9%

$73,800,000 $73.8M

What to ask about pricing

Market Conditions

NOI Build-Up for 492,000 SF

Gross rent

$11.81M $24.00/SF

− Vacancy

−$1.18M −$2.40/SF

EGI

$10.63M $21.60/SF

− OpEx

−$3.99M −$8.10/SF

NOI

$6.64M $13.50/SF

Area

Hollywood, FL

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$132,840,000

Cap Rate 7%

$94,885,714

Cap Rate 9%

$73,800,000

Alternative Uses

Best Use

Retail

$97.77M

$85.55M – $114.07M (±1% cap)

NOI $6,843,917 @ 7.0% cap · market cap 11,799,856.90%

Second Best

Mixed Use

$94.89M

$83.03M – $110.70M (±1% cap)

NOI $6,642,000 @ 7.0% cap · market cap 11,451,724.14%

Theoretical Best

Office A

$192.47M

$168.41M – $224.55M (±1% cap)

NOI $13,472,928 @ 7.0% cap · market cap 23,229,186.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Globaltron Industries Industrial Manufacturer La Plaza Bakery ... Bakery Center for COVID Care ... Medical Laboratory

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Parking Lot & Garage Accounting Firm Daycare Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,302

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 Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Flexible retail premises with high ceilings and a subdividable layout within a 14-story mixed-use building.

Where is this retail space located?

The property is located at 2100 N Federal Highway Hollywood, FL.

What are key features of this property?

This property features: 5,336 sq ft of retail space with subdivision potential; Corner position at Federal Hwy (US1) and NE 21 St.; Direct frontage on a corridor carrying over 30,000 vehicles daily