Flex Space with Open Floor
For Sale
$696,000
3000 N 22nd Avenue, Hollywood, FL 33020
Commercial Sale, Hollywood, FL
Property Size1,755 SF
Lot Size0.12 Acres
Price / SF$396.58
Days on Market303
Property Features for 3000 N 22nd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-5
Parking
12
Subdivision
3070
Standard status
Active
APN
514204011420
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LIBERIA 1-34 B LOT 1,2 BLK 6
Tax Annual Amount
5563
Legal Description
LIBERIA 1-34 B LOT 1,2 BLK 6
Amenities
open floor plan
high ceilings
concrete floors
ample natural light
two glass double-door entrances
on-site parking with dedicated handicap space
Building Details
Year built
1958
Flooring type
Concrete, Wood
Roof type
Concrete
Listing Agency:
RE/MAX Preferred · RE/MAX International
(954) 396-5900
Listed By:
Valery Cloutier · License #3632312
(954) 303-0568
Added: Nov 11, 2025
Changed: Sep 9
Last Checked: Sep 10 at 8:06AM
MLS# F10536186
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,755-square-foot flex property offers an adaptable commercial layout with an open interior, high ceilings, concrete and wood flooring, and strong natural light. Two glass double-door entries provide separate access points, while on-site parking includes a dedicated handicap space. The building received a newly sealed roof in 2026.
The 0.12-acre property is located in Hollywood near I-95, US-1, and downtown Hollywood, providing access across Broward County. Built in 1958, the property carries C-5 zoning and combines a practical footprint with features suited to a range of commercial configurations, including showroom, office, studio, retail, or industrial applications.
The 0.12-acre property is located in Hollywood near I-95, US-1, and downtown Hollywood, providing access across Broward County. Built in 1958, the property carries C-5 zoning and combines a practical footprint with features suited to a range of commercial configurations, including showroom, office, studio, retail, or industrial applications.
Key Highlights
- 1,755‑square‑foot building on a 0.12‑acre lot
- C‑5 zoning
- Newly sealed roof in 2026
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
$24,413
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
3.51%
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%
$488,260
$488.3K
Cap Rate 7%
$348,757
$348.8K
Cap Rate 9%
$271,256
$271.3K
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
$37.9K $21.60/SF
− Vacancy
−$3.0K −$1.73/SF
EGI
$34.9K $19.87/SF
− OpEx
−$10.5K −$5.96/SF
NOI
$24.4K $13.91/SF
Area
Hollywood, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$488,260
Cap Rate 7%
$348,757
Cap Rate 9%
$271,256
Alternative Uses
Best Use
Retail
$348.8K
$305.2K – $406.9K
NOI $24,413 @ 7.0% cap · market cap 3.51%
Second Best
Flex RnD
$284.7K
$249.1K – $332.2K
NOI $19,931 @ 7.0% cap · market cap 2.86%
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,348
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - C-5-zoned property with natural light, high ceilings, and on-site parking.
Where is this flex space located?
The property is located at 3000 N 22nd Avenue 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: 1,755‑square‑foot building on a 0.12‑acre lot; C‑5 zoning; Newly sealed roof in 2026
