Flex Warehouse with Highway
2950 N 28th Ter, Hollywood, FL 33020
For Sale
New
Contact for pricing
An even office-and-warehouse configuration includes three-phase power and an on-site generator.
Property Size24,000 SF
Price / SF$0.00
Days on Market3
Property Features for 2950 N 28th Ter
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Warehouse & Industrial
Clear Span
Warehouse Space
Three-Phase Power
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
The MVMNT Group LLC
Listed By:
Perla Valenzuela · License FL BK3551755
(786) 340-0582
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 5:50PM
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 The MVMNT Group LLC
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Investment Insights
Based on property information with market context.
This flex property provides approximately 25,000 square feet, including 19,000 square feet of clear-span warehouse area. The existing layout is approximately 50% office and 50% warehouse, with the option to repurpose more office area for warehouse use. Three overhead doors, three-phase power, and an on-site generator with a 330-gallon capacity serve the building. Constructed in 1967, the property offers a combination of office and industrial space.
The site has frontage on I-95, with building and pylon signage exposure to approximately 250,000 vehicles per day. Fort Lauderdale-Hollywood International Airport and Port Everglades are 5–7 miles away; Miami International Airport and the Port of Miami are approximately 18 miles from the property.
The site has frontage on I-95, with building and pylon signage exposure to approximately 250,000 vehicles per day. Fort Lauderdale-Hollywood International Airport and Port Everglades are 5–7 miles away; Miami International Airport and the Port of Miami are approximately 18 miles from the property.
Key Highlights
- Approximately 25,000 SF total, including 19,000 SF of clear‑span warehouse
- Current layout is approximately 50% warehouse and 50% office, with office space available for conversion
- Three overhead doors and three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,660
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,813,200
$4.8M
Cap Rate 7%
$3,438,000
$3.4M
Cap Rate 9%
$2,674,000
$2.7M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$360.0K $14.40/SF
− Vacancy
−$16.2K −$0.65/SF
EGI
$343.8K $13.75/SF
− OpEx
−$103.1K −$4.13/SF
NOI
$240.7K $9.63/SF
Area
Hollywood, FL
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,813,200
Cap Rate 7%
$3,438,000
Cap Rate 9%
$2,674,000
Alternative Uses
Best Use
Flex RnD
$4.06M
$3.55M – $4.73M
NOI $283,920 @ 7.0% cap
Second Best
Warehouse
$3.85M
$3.37M – $4.49M
NOI $269,280 @ 7.0% cap
Theoretical Best
Office A
$9.78M
$8.56M – $11.41M
NOI $684,600 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
Balanced
Demand for This Use
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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
$306,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Hollywood, FL
Properties on Market for Flex space in Hollywood
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - An even office-and-warehouse configuration includes three-phase power and an on-site generator.
Where is this flex space located?
The property is located at 2950 N 28th Ter Hollywood, FL.
What are key features of this property?
This property features: Approximately 25,000 SF total, including 19,000 SF of clear‑span warehouse; Current layout is approximately 50% warehouse and 50% office, with office space available for conversion; Three overhead doors and three‑phase power
