Office and Warehouse with
For Sale
$14,750,000
2870 Stirling Rd, Hollywood, FL 33020
For-sale office and warehouse facility with secure operations, updated restrooms, container space, and an added buildable lot.
Property Size37,136 SF
Price / SF$397.19
Days on Market384
Property Features for 2870 Stirling Rd
General Information
Standard status
Active
Size
37,136 SF
Property subtype
General Commercial
Building Details
Year Built
1975
Listing Agency:
Miami Waterfront Realty
(305) 970-2884
Listed By:
Richard Feldman · License #3249105
(305) 970-2884
Source:
Xome
Added: Jul 20, 2025
Changed: Jul 10
Last Checked: Aug 6 at 3:35AM
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 Miami Waterfront Realty
Investment Insights
Based on property information with market context.
This for-sale property combines an office building with a warehouse building, plus an additional lot that is included with the provided plans to build a new warehouse. The facility is described as highly secure and offers space for containers. The office/warehouse improvements include recently renovated areas and updated bathrooms.
The property is located at 2870 Stirling Rd in Hollywood, FL 33020, and is presented as having plenty of parking to support employees, customers, and visitors. As part of the included package, the additional lot and warehouse construction plans may help accommodate future layout or operational changes.
The mix of office space and warehouse space, along with container handling capability and secure facilities, can fit a range of users looking for a single-site setup. The included additional lot and warehouse build plans may also be relevant to buyers who want to expand or modify the warehouse footprint while keeping office support on site.
The property is located at 2870 Stirling Rd in Hollywood, FL 33020, and is presented as having plenty of parking to support employees, customers, and visitors. As part of the included package, the additional lot and warehouse construction plans may help accommodate future layout or operational changes.
The mix of office space and warehouse space, along with container handling capability and secure facilities, can fit a range of users looking for a single-site setup. The included additional lot and warehouse build plans may also be relevant to buyers who want to expand or modify the warehouse footprint while keeping office support on site.
Key Highlights
- Office and warehouse facility built in 1975
- Secure building with plenty of parking
- Recently renovated with updated bathrooms
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
$716,910
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
4.86%
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%
$14,338,200
$14.3M
Cap Rate 7%
$10,241,571
$10.2M
Cap Rate 9%
$7,965,667
$8.0M
Market Conditions
NOI Build-Up for 37,136 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
$1.23M $33.00/SF
− Vacancy
−$269.6K −$7.26/SF
EGI
$955.9K $25.74/SF
− OpEx
−$239.0K −$6.44/SF
NOI
$716.9K $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%
$14,338,200
Cap Rate 7%
$10,241,571
Cap Rate 9%
$7,965,667
Alternative Uses
Best Use
Office B
$10.24M
$8.96M – $11.95M
NOI $716,910 @ 7.0% cap · market cap 4.86%
Second Best
Flex RnD
$6.02M
$5.27M – $7.03M
NOI $421,746 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$14.53M
$12.71M – $16.95M
NOI $1,016,932 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,046
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
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Frequently Asked Questions
What type of property is this?
Flex space - For-sale office and warehouse facility with secure operations, updated restrooms, container space, and an added buildable lot.
Where is this flex space located?
The property is located at 2870 Stirling Rd Hollywood, FL.
What is the asking price?
The asking price for this property is $14,750,000.
What are key features of this property?
This property features: Office and warehouse facility built in 1975; Secure building with plenty of parking; Recently renovated with updated bathrooms
