Flex Warehouse with Two
2980 Simms St Hollywood, FL 33020
For Sale
$1,850,000
Pending
Flex warehouse featuring twin “T” construction, fenced yard, and two separate bays with substantial office buildout.
Property Size9,639 SF
Days on Market2361
Property Features for 2980 Simms St
General Information
Standard status
Pending
Size
9,639 SF
Property subtype
General Commercial
Building Details
Year Built
1978
Listing Agency:
Sell It Realty, LLC.
(305) 409-1305
Listed By:
Adi Gal · License #3230219
(305) 409-1305
Source:
Xome
Added: Feb 8, 2020
Changed: Jul 26
Last Checked: Jul 26 at 9:27PM
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 Sell It Realty, LLC.
Investment Insights
Based on property information with market context.
This flex warehouse is built with twin “T” construction and is described as having plenty of power for a variety of uses. The property includes two separate bays and is reported to have approximately 70% high-end office buildout. Public remarks also note a large built-in safe that was used as a gold factory, along with a high-security, fenced yard.
The building is located close to I-95 and Sheridan St, with easy access to surrounding areas.
From a layout standpoint, the offering consists of two bays, each with its own configuration, complemented by meaningful office improvements throughout much of the space.
The building is located close to I-95 and Sheridan St, with easy access to surrounding areas.
From a layout standpoint, the offering consists of two bays, each with its own configuration, complemented by meaningful office improvements throughout much of the space.
Key Highlights
- Flex warehouse with twin “T” construction (built in 1978)
- Two separate bays, each with approximately 5,000 SF
- 70% office buildout with high‑end office improvements
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.1k | $19.20 |
| − Vacancy | −$16.7k | −$1.73 |
| EGI | $168.4k | $17.47 |
| − OpEx | −$58.9k | −$6.12 |
| NOI | $109.5k | $11.36 |
9,639 SF · lease $19.20/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.56M
$1.37M – $1.82M
NOI $109,468 @ 7.0% cap · market cap 5.92%
Second Best
Warehouse
$1.48M
$1.30M – $1.73M
NOI $103,824 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$3.77M
$3.30M – $4.40M
NOI $263,954 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Zesty Fusion LLC — 3080 Sheridan St Booth 035, Hollywood, FL 33021
- Chef wayne4u — 3333 Freedom Dr, Hollywood, FL 33021
- Scobucha — 3080 Sheridan St Booth 035, Hollywood, FL 33021
- LocosxGrill — 3080 sheridan st, hollywood, fl 33021
- Epic Bites Hollywood — 1940 N 30th Rd #108, Hollywood, FL 33021
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse featuring twin “T” construction, fenced yard, and two separate bays with substantial office buildout.
Where is this flex space located?
The property is located at 2980 Simms St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Flex warehouse with twin “T” construction (built in 1978); Two separate bays, each with approximately 5,000 SF; 70% office buildout with high‑end office improvements
