Hollywood Retail Property For
For Sale
Contact for pricing
497 S State Rd 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 Market366
Property Features for 497 S State Rd 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) 703-3600
Listed By:
Patrick Nutt · License #FL BK3120739
(954) 302-7365
Source:
Moodyscre
Added: Oct 22, 2025
Changed: Oct 15
Last Checked: Oct 21 at 12:27AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$126,905
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,487
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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 Rd 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.
