Two Duplexes Development
For Sale
$1,295,000
2212 Johnson St, Hollywood, FL 33020
Two duplexes on a large lot with development potential.
Property Size3,387 SF
Lot Size0.47 Acres
Days on Market161
Property Features for 2212 Johnson St
General Information
Standard status
Active
Size
3,387 SF
Lot size
0.47 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,953
Building Details
Building Size
3,387 SF
Stories
1
Listing Agency:
Managexchange, LLC
(954) 232-5960
Listed By:
Jonathan O'Neill · License #0639871
(954) 232-5960
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 7 at 5:52AM
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 Managexchange, LLC
Investment Insights
Based on property information with market context.
Two duplexes are being sold together on lots zoned DH-2, which allows for up to 4 stories with a maximum height of 45 feet. The combined lots total 20,797 square feet, approximately 0.477 acres, with a floor area ratio of 1.75. This property presents a development opportunity for multi-family dwellings, with the planning department allowing a minimum unit size of 650 square feet. Currently, the property consists of two well-maintained duplexes with long-term, stable tenants. Some updates and improvements have been made. The property is located near local parks, community centers, and other amenities, situated between Fort Lauderdale, Miami, Hard Rock, and the beach.
Key Highlights
- Large lot size: 20,797 SF (Approx .477 Acre)
- Zoned DH‑2: Allows up to 4 stories (max 45 ft.)
- High floor area ratio: 1.75
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
$60,686
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
4.69%
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%
$1,213,720
$1.2M
Cap Rate 7%
$866,943
$866.9K
Cap Rate 9%
$674,289
$674.3K
Market Conditions
NOI Build-Up for 3,387 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
$91.4K $27.00/SF
− Vacancy
−$4.8K −$1.40/SF
EGI
$86.7K $25.60/SF
− OpEx
−$26.0K −$7.68/SF
NOI
$60.7K $17.92/SF
Area
Hollywood, FL
Vacancy
5.20%
Lease Rate
$27.00 /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%
$1,213,720
Cap Rate 7%
$866,943
Cap Rate 9%
$674,289
Alternative Uses
Best Use
Multifamily LT 5
$866.9K
$758.6K – $1.01M
NOI $60,686 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$806.5K
$705.7K – $940.9K
NOI $56,454 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.32M
$1.16M – $1.55M
NOI $92,750 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,006
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two duplexes on a large lot with development potential.
Where is this duplex located?
The property is located at 2212 Johnson St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Large lot size: 20,797 SF (Approx .477 Acre); Zoned DH‑2: Allows up to 4 stories (max 45 ft.); High floor area ratio: 1.75
