Building Details

Year Built 1971

Listing Agency: Beachfront Realty Inc b***@beachfrontonline.com Show Phone

Listed By: Yaron Gilaei · License #3044088 Show Phone

Source: Lehmannflorida

Added: Oct 19 Changed: Oct 21 Last Checked: Oct 20 at 7:34PM

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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 Beachfront Realty Inc

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Investment Insights

Based on property information with market context.

This automotive property includes three offices and a restroom, with on-site capacity for up to 40 vehicles. Built in 1971, it is zoned for automotive use and has city approval for a car dealership. The office and vehicle areas provide distinct spaces for business administration and vehicle storage or display.

The property is near US-441, also known as State Road 7. Dealership approval is established; other automotive activities may require additional city approvals.

Key Highlights

• Capacity for up to 40 vehicles
• Three offices and a restroom
• Zoned for automotive use; city approved for a car dealership

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,361

Suggested Prices Based on Cap Rates

Cap Rate 5%

$587,220 $587.2K

Cap Rate 7%

$419,443 $419.4K

Cap Rate 9%

$326,233 $326.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,050 SF

Gross rent

$43.9K $14.40/SF

− Vacancy

−$2.0K −$0.65/SF

EGI

$41.9K $13.75/SF

− OpEx

−$12.6K −$4.13/SF

NOI

$29.4K $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%

$587,220

Cap Rate 7%

$419,443

Cap Rate 9%

$326,233

Alternative Uses

Best Use

Retail

$606.1K

$530.3K – $707.1K (±1% cap)

NOI $42,427 @ 7.0% cap · market cap 610.46%

Second Best

Industrial

$419.4K

$367.0K – $489.4K (±1% cap)

NOI $29,361 @ 7.0% cap · market cap 422.46%

Theoretical Best

Office A

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,521 @ 7.0% cap · market cap 1,201.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Regal International Motor ... Car Dealership VenMotors LLc Car Dealership ONE A MOTORSPORTS Car Dealership

Suggested Use

Top Pick Real Estate Agency Cafe & Coffee Shop Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,845

Businesses Nearby

Well-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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Automotive property - City approval for dealership use supports an automotive business.

Where is this automotive property located?

The property is located at 5834 Funston Street Hollywood, FL.

What are key features of this property?

This property features: Capacity for up to 40 vehicles; Three offices and a restroom; Zoned for automotive use; city approved for a car dealership