Versatile Retail/Office Showroom
For Sale
$696,000
3000 N 22nd Ave, Hollywood, FL 33020
Own a flexible commercial building with an open plan, high ceilings, concrete floors, and two glass entrances.
Property Size1,755 SF
Lot Size0.12 Acres
Price / SF$396.58
Days on Market53
Property Features for 3000 N 22nd Ave
General Information
Standard status
Active
Size
1,755 SF
Lot size
0.12 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,563
Building Details
Year Built
1958
Listing Agency:
RE/MAX
(954) 303-0568
Listed By:
Valery Cloutier · License #3632312
(954) 303-0568
Source:
Elliman
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 9 at 6:23AM
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
Investment Insights
Based on property information with market context.
This versatile commercial property is offered for sale with a newly sealed roof completed in 2026. The interior features an open floor plan with high ceilings, concrete floors, and ample natural light, supporting multiple tenant and buyer configurations. The building includes two glass double-door entrances designed for straightforward customer and staff access. On-site parking is available, including a dedicated handicap space.
Set on a 5,416 SF lot with 1,755 SF of building area, the property offers practical scale for a range of operations. Access is described as convenient to major routes including I-95 and US-1, with downtown Hollywood also nearby for broader regional connectivity.
Because the space is configured as an open showroom-style floor plan, it can be suitable for retail, office, studio, showroom, or industrial use, depending on the end user’s requirements. The combination of natural light, concrete floors, and direct entry through two glass doors supports day-to-day visibility and access, while on-site parking can help accommodate visitors and employees.
Set on a 5,416 SF lot with 1,755 SF of building area, the property offers practical scale for a range of operations. Access is described as convenient to major routes including I-95 and US-1, with downtown Hollywood also nearby for broader regional connectivity.
Because the space is configured as an open showroom-style floor plan, it can be suitable for retail, office, studio, showroom, or industrial use, depending on the end user’s requirements. The combination of natural light, concrete floors, and direct entry through two glass doors supports day-to-day visibility and access, while on-site parking can help accommodate visitors and employees.
Key Highlights
- Newly sealed roof (2026)
- Versatile commercial building for retail, office, studio, showroom, or industrial use
- Open floor plan with high ceilings and concrete floors
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
$33,880
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
4.87%
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%
$677,600
$677.6K
Cap Rate 7%
$484,000
$484.0K
Cap Rate 9%
$376,444
$376.4K
Market Conditions
NOI Build-Up for 1,755 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
$57.9K $33.00/SF
− Vacancy
−$12.7K −$7.26/SF
EGI
$45.2K $25.74/SF
− OpEx
−$11.3K −$6.44/SF
NOI
$33.9K $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%
$677,600
Cap Rate 7%
$484,000
Cap Rate 9%
$376,444
Alternative Uses
Best Use
Office B
$484.0K
$423.5K – $564.7K
NOI $33,880 @ 7.0% cap · market cap 4.87%
Second Best
Retail
$348.8K
$305.2K – $406.9K
NOI $24,413 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$686.6K
$600.7K – $801.0K
NOI $48,059 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,392
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Own a flexible commercial building with an open plan, high ceilings, concrete floors, and two glass entrances.
Where is this storefront property located?
The property is located at 3000 N 22nd Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $696,000.
What are key features of this property?
This property features: Newly sealed roof (2026); Versatile commercial building for retail, office, studio, showroom, or industrial use; Open floor plan with high ceilings and concrete floors
