Duplex with Open
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2411 Thomas St, Hollywood, FL 33020
Two-bedroom duplex with one bathroom, open parking, and RM-9 zoning in Hollywood.
Property Size1,805 SF
Price / SF$360.11
Days on Market12
Property Features for 2411 Thomas St
General Information
Standard status
Active
Size
1,805 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
RM-9
Additional Details
Multifamily Units
2
Building Details
Year Built
1963
Buildings
1
Listing Agency:
Luxe Properties
(786) 308-5459
Listed By:
Keily Berrios · License #3387752
Source:
Crexi
Added: Aug 7
Changed: Aug 14
Last Checked: Aug 17 at 2:59PM
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 Luxe Properties
Investment Insights
Based on property information with market context.
This duplex at 2411 Thomas St offers two bedrooms and one bathroom within a 1,805-size property. The layout is designed for residential living, with open parking available for residents and guests. Built in 1963, the property is zoned RM-9 and is located in Hollywood, Florida.
Key Highlights
- Duplex at 2411 Thomas St, Hollywood, FL 33020
- Two bedrooms and one bathroom
- 1,805 property size
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
$32,341
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
4.98%
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%
$646,820
$646.8K
Cap Rate 7%
$462,014
$462.0K
Cap Rate 9%
$359,344
$359.3K
Market Conditions
NOI Build-Up for 1,805 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
$48.7K $27.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$46.2K $25.60/SF
− OpEx
−$13.9K −$7.68/SF
NOI
$32.3K $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%
$646,820
Cap Rate 7%
$462,014
Cap Rate 9%
$359,344
Alternative Uses
Best Use
Multifamily LT 5
$462.0K
$404.3K – $539.0K
NOI $32,341 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$429.8K
$376.1K – $501.4K
NOI $30,086 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$706.1K
$617.9K – $823.8K
NOI $49,428 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,282
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-bedroom duplex with one bathroom, open parking, and RM-9 zoning in Hollywood.
Where is this duplex located?
The property is located at 2411 Thomas St Hollywood, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Duplex at 2411 Thomas St, Hollywood, FL 33020; Two bedrooms and one bathroom; 1,805 property size
