Retail Center Near Sheridan
For Sale
Contact for pricing
2300 N 23rd Ave, Hollywood, FL
Multi-tenant retail building near Sheridan St and Dixie Hwy.
Property Size5,082 SF
Lot Size0.29 Acres
Price / SF$334.51
Days on Market382
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
(305) 961-1179
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Moodyscre
Added: Sep 29, 2025
Changed: Oct 11
Last Checked: Oct 14 at 10:48PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$70,693
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,860
$1.4M
Cap Rate 7%
$1,009,900
$1.0M
Cap Rate 9%
$785,478
$785.5K
Market Conditions
NOI Build-Up for 5,082 SF
Gross rent
$109.8K $21.60/SF
− Vacancy
−$8.8K −$1.73/SF
EGI
$101.0K $19.87/SF
− OpEx
−$30.3K −$5.96/SF
NOI
$70.7K $13.91/SF
Area
Hollywood, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,413,860
Cap Rate 7%
$1,009,900
Cap Rate 9%
$785,478
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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.
