New Retail Spaces For
For Sale
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5701 Pembroke RD, Hollywood, FL 33023
New commercial spaces in high-traffic Hollywood shopping center.
Property Size5,000 SF
Lot Size0.49 Acres
Price / SF$0.06
Days on Market221
Property Features for 5701 Pembroke RD
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.49 Acres
Property subtype
Commercial
Building Details
Building Size
5,000 SF
Listing Agency:
Miami Business Brokers
Listed By:
Monica Rojas · License #A11921497
(786) 773-6575
Source:
Elliman
Added: Mar 11
Changed: Oct 5
Last Checked: Oct 16 at 11:15AM
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 Miami Business Brokers
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Investment Insights
Based on property information with market context.
Nine newly built commercial spaces are available for lease, each offering approximately 555 sq. ft. of customizable vanilla-shell space under an NNN lease structure. Located at 5701 Plaza, a newly developed shopping center on Hollywood’s main avenue, near Home Depot and major highways, these units offer visibility and exposure to potential customers. The project is currently under construction, and space configurations can be adjusted to meet business requirements. The location offers high daily foot traffic, excellent accessibility, and a strong commercial presence in one of Hollywood’s dynamic areas. Expected delivery is the 3rd quarter of 2026.
Key Highlights
- High visibility and exposure on Hollywood's main avenue.
- Customizable vanilla‑shell space (approximately 555 sq. ft.) to meet business requirements.
- Located in a newly developed shopping center (5701 Plaza).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,720
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,400
$154.4K
Cap Rate 7%
$110,286
$110.3K
Cap Rate 9%
$85,778
$85.8K
Market Conditions
NOI Build-Up for 555 SF
Gross rent
$12.0K $21.60/SF
− Vacancy
−$959 −$1.73/SF
EGI
$11.0K $19.87/SF
− OpEx
−$3.3K −$5.96/SF
NOI
$7.7K $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%
$154,400
Cap Rate 7%
$110,286
Cap Rate 9%
$85,778
Alternative Uses
Best Use
Retail
$110.3K
$96.5K – $128.7K
NOI $7,720 @ 7.0% cap · market cap 24,125.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$217.1K
$190.0K – $253.3K
NOI $15,198 @ 7.0% cap · market cap 47,493.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - New commercial spaces in high-traffic Hollywood shopping center.
Where is this retail space located?
The property is located at 5701 Pembroke RD Hollywood, FL.
What are key features of this property?
This property features: High visibility and exposure on Hollywood's main avenue.; Customizable vanilla‑shell space (approximately 555 sq. ft.) to meet business requirements.; Located in a newly developed shopping center (5701 Plaza).
