Retail Building with Parking
5221 Pembroke Rd Hollywood, FL 33021
For Sale
$350,000
Pending
Single-story retail building with 1,018 SF and parking, currently used as a church on C-3 zoned development lot.
Property Size1,018 SF
Lot Size0.21 Acres
Days on Market2800
Property Features for 5221 Pembroke Rd
General Information
Standard status
Pending
Size
1,018 SF
Lot size
0.21 Acres
Property subtype
General Commercial
Building Details
Year Built
1960
Listing Agency:
(305) 785-7847
Listed By:
Coldwell Banker Residential Real Estate
(305) 785-7847
Source:
Xome
Added: Nov 28, 2018
Changed: Jul 26
Last Checked: Jul 26 at 2:49AM
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 Coldwell Banker Residential Real Estate
Investment Insights
Based on property information with market context.
The property includes an existing 1-story retail building totaling 1,018 SF, along with lots of parking. The site is currently being used as a church, and it also presents development flexibility with a 9,175 SF lot suitable for commercial, residential, or mixed-use development under C-3 zoning. Three folios are included with the sale.
The property is located at 5221 Pembroke Rd in Hollywood, FL 33021.
The property is located at 5221 Pembroke Rd in Hollywood, FL 33021.
Key Highlights
- C‑3 zoned development lot in Hollywood with 9,175 SF for commercial, residential, or mixed‑use development
- Single‑story 1,018 SF retail building currently used as a church
- 30 parking spaces on‑site
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.0k | $21.60 |
| − Vacancy | −$1.8k | −$1.73 |
| EGI | $20.2k | $19.87 |
| − OpEx | −$6.1k | −$5.96 |
| NOI | $14.2k | $13.91 |
1,018 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$202.3K
$177.0K – $236.0K
NOI $14,161 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$398.2K
$348.5K – $464.6K
NOI $27,877 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Storefront property - Single-story retail building with 1,018 SF and parking, currently used as a church on C-3 zoned development lot.
Where is this storefront property located?
The property is located at 5221 Pembroke Rd Hollywood, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: C‑3 zoned development lot in Hollywood with 9,175 SF for commercial, residential, or mixed‑use development; Single‑story 1,018 SF retail building currently used as a church; 30 parking spaces on‑site
