Chevron Gas Station
For Sale
$650,000
Pending
2730 Sheridan St, Hollywood, FL 33020
Business-only offering with a long-term lease and an additional side lot included in the lease.
Property Size1,980 SF
Days on Market2899
Property Features for 2730 Sheridan St
General Information
Standard status
Pending
Size
1,980 SF
Property subtype
Business Opportunities
Taxes and HOA fees
Annual Taxes
$22,254
Amenities
3
10 Parking Spaces.
Building Details
Year Built
1973
Listing Agency:
RE/MAX Concierge
(786) 226-7105
Listed By:
Rhina Bengochea
(786) 226-7105
Source:
Xome
Added: Sep 24, 2018
Changed: Aug 30
Last Checked: Aug 30 at 10:01PM
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 Concierge
Investment Insights
Based on property information with market context.
This business-only offering operates under the Chevron name at a 1,980-square-foot gas station built in 1973. The property includes 10 parking spaces and an additional side lot that is part of the lease, supporting potential ancillary uses such as a car wash or rental-car operation as identified in the property information.
The station is located at 2730 Sheridan St in Hollywood, Florida, just off I-95 and Sheridan Street. Reported fuel volume is 82,000 G per month. Fuel and inventory are handled separately at closing and are not included in the business sale terms.
The station is located at 2730 Sheridan St in Hollywood, Florida, just off I-95 and Sheridan Street. Reported fuel volume is 82,000 G per month. Fuel and inventory are handled separately at closing and are not included in the business sale terms.
Key Highlights
- Chevron gas station business‑only sale
- 1,980‑square‑foot facility built in 1973
- Reported fuel volume of 82,000 G/month
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
$31,488
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
4.84%
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%
$629,760
$629.8K
Cap Rate 7%
$449,829
$449.8K
Cap Rate 9%
$349,867
$349.9K
Market Conditions
NOI Build-Up for 1,980 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
$45.1K $22.80/SF
− Vacancy
−$3.2K −$1.60/SF
EGI
$42.0K $21.20/SF
− OpEx
−$10.5K −$5.30/SF
NOI
$31.5K $15.90/SF
Area
Hollywood, FL
Vacancy
7.00%
Lease Rate
$22.80 /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%
$629,760
Cap Rate 7%
$449,829
Cap Rate 9%
$349,867
Alternative Uses
Best Use
Specialty Retail
$449.8K
$393.6K – $524.8K
NOI $31,488 @ 7.0% cap · market cap 4.84%
Second Best
Retail
$393.5K
$344.3K – $459.1K
NOI $27,543 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$774.6K
$677.8K – $903.7K
NOI $54,220 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,474
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Business-only offering with a long-term lease and an additional side lot included in the lease.
Where is this gas station located?
The property is located at 2730 Sheridan 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: Chevron gas station business‑only sale; 1,980‑square‑foot facility built in 1973; Reported fuel volume of 82,000 G/month
