Retail Center Near Sheridan
2300 N 23rd Ave Hollywood, FL
For Sale
Contact for pricing
Multi-tenant retail building near Sheridan St and Dixie Hwy.
Property Size5,082 SF
Lot Size0.29 Acres
Price / SF$334.51
Days on Market302
Property Features for 2300 N 23rd Ave
General Information
Standard status
Active
Size
5,082 SF
Lot size
0.29 Acres
Property subtype
RETAIL
Listing Agency:
Fausto Commercial Realty
(954) 743-7594
Listed By:
Elior Levi · License #A11952813
(954) 743-7594
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Jul 6
Last Checked: Jul 21 at 3:58AM
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 Fausto Commercial Realty
Investment Insights
Based on property information with market context.
This 5,082 square foot multi-tenant retail building is divided into four units. Three of the units are approximately 850 square feet each, and one unit is 2,532 square feet. The property is a neighborhood retail/strip center located off Sheridan Street and Dixie Highway, minutes from I-95.
Key Highlights
- Rare neighborhood retail/strip center opportunity.
- Located off Sheridan St and Dixie Hwy.
- Minutes from I‑95.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.8k | $21.60 |
| − Vacancy | −$8.8k | −$1.73 |
| EGI | $101.0k | $19.87 |
| − OpEx | −$30.3k | −$5.96 |
| NOI | $70.7k | $13.91 |
5,082 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.01M
$883.7K – $1.18M
NOI $70,693 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,165 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail building near Sheridan St and Dixie Hwy.
Where is this strip mall located?
The property is located at 2300 N 23rd Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Rare neighborhood retail/strip center opportunity.; Located off Sheridan St and Dixie Hwy.; Minutes from I‑95.
