Versatile Two-Story Office/Warehouse
5801 Plunkett St 1&2, Hollywood, FL 33023
For Sale
Contact for pricing
Two-story office/warehouse suitable for storage, manufacturing, or distribution.
Property Size4,750 SF
Lot Size0.12 Acres
Days on Market248
Property Features for 5801 Plunkett St 1&2
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License FL A12052614
(954) 453-1000
Source:
Elliman
Added: Mar 10
Changed: Aug 17
Last Checked: Aug 14 at 6:03AM
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 RE/MAX 5 Star Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office/warehouse offers a versatile leasing opportunity designed to meet various business needs. The property provides ample square footage suitable for storage, manufacturing, or distribution purposes. High ceilings and flexible layouts accommodate various industries. The space can be leased together or separately and is centrally positioned.
Key Highlights
- Versatile office/warehouse space suitable for various business needs.
- Ample square footage ideal for storage, manufacturing, or distribution.
- High ceilings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,725
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,500
$914.5K
Cap Rate 7%
$653,214
$653.2K
Cap Rate 9%
$508,056
$508.1K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$68.4K $14.40/SF
− Vacancy
−$3.1K −$0.65/SF
EGI
$65.3K $13.75/SF
− OpEx
−$19.6K −$4.13/SF
NOI
$45.7K $9.63/SF
Area
Hollywood, FL
Vacancy
4.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,500
Cap Rate 7%
$653,214
Cap Rate 9%
$508,056
Alternative Uses
Best Use
Flex RnD
$770.6K
$674.3K – $899.1K
NOI $53,945 @ 7.0% cap
Second Best
Industrial
$653.2K
$571.6K – $762.1K
NOI $45,725 @ 7.0% cap
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,074 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,845
Businesses Nearby
Under-served
Demand for This Use
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
$344,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Hollywood, FL
Properties on Market for Flex space in Hollywood
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Daily Chew Catering — 2239 SW 59th Terrace, Hollywood, FL 33023
- ImmaQulit Cuisine Food Truck — 2323 SW 60th Way, Miramar, FL 33023
- royles gourmet — 6468 Pines Blvd, Pembroke Pines, FL 33024
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office/warehouse suitable for storage, manufacturing, or distribution.
Where is this flex space located?
The property is located at 5801 Plunkett St 1&2 Hollywood, FL.
What are key features of this property?
This property features: Versatile office/warehouse space suitable for various business needs.; Ample square footage ideal for storage, manufacturing, or distribution.; High ceilings.
