Office Building with IM-1
For Sale
$6,900,000
3500 N 28th Terrace, Hollywood, FL 33020
The 1994-built property provides an office-oriented commercial asset within IM-1 zoning.
Property Size10,341 SF
Price / SF$667.25
Days on Market49
Property Features for 3500 N 28th Terrace
General Information
Standard status
Active
Size
10,341 SF
Building Details
Year Built
1994
Listing Agency:
Sara David Realty
Listed By:
Bennett L David · License #0019797
(954) 925-7100
Source:
Chenoregroup
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 19 at 8:40AM
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 Sara David Realty
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Investment Insights
Based on property information with market context.
This office building contains 10,341 square feet and was constructed in 1994. The property is classified within the office buildings category and carries IM-1 zoning, providing a clearly identified commercial asset type and land-use designation.
The property is located at 3500 N 28TH Terrace in Hollywood, Florida 33020. Its office classification, building size, construction year, and zoning provide the primary physical and regulatory facts for evaluating the offering.
The property is located at 3500 N 28TH Terrace in Hollywood, Florida 33020. Its office classification, building size, construction year, and zoning provide the primary physical and regulatory facts for evaluating the offering.
Key Highlights
- 10,341 SF office building
- Constructed in 1994
- IM‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,633
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,992,660
$4.0M
Cap Rate 7%
$2,851,900
$2.9M
Cap Rate 9%
$2,218,144
$2.2M
Market Conditions
NOI Build-Up for 10,341 SF
Gross rent
$341.3K $33.00/SF
− Vacancy
−$75.1K −$7.26/SF
EGI
$266.2K $25.74/SF
− OpEx
−$66.5K −$6.44/SF
NOI
$199.6K $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 Rate 5%
$3,992,660
Cap Rate 7%
$2,851,900
Cap Rate 9%
$2,218,144
Alternative Uses
Best Use
Office B
$2.85M
$2.50M – $3.33M
NOI $199,633 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,178 @ 7.0% cap · market cap 4.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,178
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The 1994-built property provides an office-oriented commercial asset within IM-1 zoning.
Where is this office building located?
The property is located at 3500 N 28th Terrace Hollywood, FL.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: 10,341 SF office building; Constructed in 1994; IM‑1 zoning
