East Hollywood Industrial/Office
For Sale
$2,950,000
2216 N 20th Ave, Hollywood, FL 33020
Freestanding 5,556 SF industrial/office building on a 14,756 SF lot.
Property Size5,556 SF
Lot Size0.34 Acres
Price / SF$530.96
Days on Market199
Property Features for 2216 N 20th Ave
General Information
Standard status
Active
Size
5,556 SF
Lot size
0.34 Acres
Taxes and HOA fees
Annual Taxes
$22,148
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #3375503
(954) 453-1000
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:01AM
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.
Located in East Hollywood, Florida, this freestanding industrial/office building offers 5,556 square feet of space on a 14,756 square foot fenced lot. The interior features a fully built-out, state-of-the-art office/flex layout. The property is currently occupied by a NNN tenant, who has agreed to a 90-day cancellation clause in the event of a sale to an owner-user. The property is suitable for a moving company, transport company, general contractor, construction business, or any business requiring luxury offices with a storage lot. The new DH-3 zoning permits most uses and encourages new developments with generous height restrictions. The property is located right off of Dixie Hwy.
Key Highlights
- Desirable East Hollywood location, right off Dixie Hwy.
- Large 14,756 SF fenced‑in lot.
- 5,556 SF freestanding industrial/office building.
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
$107,259
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
3.64%
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%
$2,145,180
$2.1M
Cap Rate 7%
$1,532,271
$1.5M
Cap Rate 9%
$1,191,767
$1.2M
Market Conditions
NOI Build-Up for 5,556 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
$183.3K $33.00/SF
− Vacancy
−$40.3K −$7.26/SF
EGI
$143.0K $25.74/SF
− OpEx
−$35.8K −$6.44/SF
NOI
$107.3K $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%
$2,145,180
Cap Rate 7%
$1,532,271
Cap Rate 9%
$1,191,767
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,259 @ 7.0% cap · market cap 3.64%
Second Best
Flex RnD
$901.4K
$788.7K – $1.05M
NOI $63,098 @ 7.0% cap · market cap 2.14%
Theoretical Best
Office A
$2.17M
$1.90M – $2.54M
NOI $152,146 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Under-served
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.
Similar Off Market Nearby
- SUSHI CAFE CATERING — 1310 N Dixie Hwy, Hollywood, FL 33020
- South Florida Ice Cream Trucks — 361 E Sheridan St #102, Dania Beach, FL 33004
- SSNT ICE — 1029 N 20th Ave, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding 5,556 SF industrial/office building on a 14,756 SF lot.
Where is this flex space located?
The property is located at 2216 N 20th Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Desirable East Hollywood location, right off Dixie Hwy.; Large 14,756 SF fenced‑in lot.; 5,556 SF freestanding industrial/office building.
