Hollywood Retail Property For
For Sale
Contact for pricing
497 S State Road 7, Hollywood, FL
Retail property with over 11 years remaining on corporate lease.
Property Size9,123 SF
Lot Size0.52 Acres
Price / SF$271.30
Days on Market313
Property Features for 497 S State Road 7
General Information
Standard status
Active
Size
9,123 SF
Lot size
0.52 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | Fort Lauderdale
(954) 302-7365
Listed By:
Patrick Nutt · License #FL BK3120739
Source:
Moodyscre
Added: Oct 22, 2025
Changed: Aug 12
Last Checked: Aug 30 at 5:05PM
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 SRS Real Estate Partners | Fort Lauderdale
Investment Insights
Based on property information with market context.
This retail property, located in Hollywood, Florida, offers 9,123 square feet of space. The property is currently under a corporate lease with over 11 years remaining. The lease includes scheduled rental increases of 10%.
Key Highlights
- Corporate lease signature for peace of mind.
- Enjoy a secure investment with 11+ years remaining on the lease.
- Benefit from scheduled 10% rental increases.
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
$126,905
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
5.13%
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%
$2,538,100
$2.5M
Cap Rate 7%
$1,812,929
$1.8M
Cap Rate 9%
$1,410,056
$1.4M
Market Conditions
NOI Build-Up for 9,123 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
$197.1K $21.60/SF
− Vacancy
−$15.8K −$1.73/SF
EGI
$181.3K $19.87/SF
− OpEx
−$54.4K −$5.96/SF
NOI
$126.9K $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%
$2,538,100
Cap Rate 7%
$1,812,929
Cap Rate 9%
$1,410,056
Alternative Uses
Best Use
Retail
$1.81M
$1.59M – $2.12M
NOI $126,905 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,824 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,487
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property with over 11 years remaining on corporate lease.
Where is this retail space located?
The property is located at 497 S State Road 7 Hollywood, FL.
What is the asking price?
The asking price for this property is $2,475,100.
What are key features of this property?
This property features: Corporate lease signature for peace of mind.; Enjoy a secure investment with 11+ years remaining on the lease.; Benefit from scheduled 10% rental increases.
