Remodeled Auto Shop With Four
For Sale
$2,550,000
5836 Rodman Street, Hollywood, FL 33023
Air-conditioned automotive facility on a gated, fenced lot with space for vehicle staging or parking.
Property Size10,489 SF
Lot Size0.24 Acres
Price / SF$243.11
Days on Market39
Property Features for 5836 Rodman Street
General Information
Standard status
Active
Size
10,489 SF
Lot size
0.24 Acres
Property subtype
Commercial
Lease Term
[]
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Service Bays
4
Amenities
air-conditioned
secured lot
gated
fenced
showroom-style aesthetic
high-quality finishes
Building Details
Year Built
1969
Tenancy
Single
Listing Agency:
Related General Realty,LLC.
(305) 632-2512
Listed By:
Minerva Arboleya · License #3547796
(305) 935-0300
Source:
Onesothebysrealty
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 26 at 1:06PM
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 Related General Realty,LLC.
Investment Insights
Based on property information with market context.
This 3,600-square-foot automotive facility was renovated to support professional service and specialty vehicle operations. The air-conditioned interior includes four automotive lifts, two hydraulic roll-up doors, and finished areas suitable for mechanical work, vehicle storage, detailing, customization, or enthusiast use. The layout combines functional shop space with a polished presentation suitable for premium automotive applications.
The property occupies a 10,500-square-foot secured lot at 5836 Rodman St in Hollywood, Florida. Gated fencing provides site security, while the outdoor area accommodates vehicle staging or additional parking. Built in 1969, the facility is currently leased under an NNN structure.
The property occupies a 10,500-square-foot secured lot at 5836 Rodman St in Hollywood, Florida. Gated fencing provides site security, while the outdoor area accommodates vehicle staging or additional parking. Built in 1969, the facility is currently leased under an NNN structure.
Key Highlights
- 3,600 SF renovated automotive facility
- Four professional automotive lifts and two hydraulic roll‑up doors
- 10,500 SF gated, fenced lot with vehicle staging area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$145,906
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,918,120
$2.9M
Cap Rate 7%
$2,084,371
$2.1M
Cap Rate 9%
$1,621,178
$1.6M
Market Conditions
NOI Build-Up for 10,489 SF
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.
Gross rent
$226.6K $21.60/SF
− Vacancy
−$18.1K −$1.73/SF
EGI
$208.4K $19.87/SF
− OpEx
−$62.5K −$5.96/SF
NOI
$145.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,918,120
Cap Rate 7%
$2,084,371
Cap Rate 9%
$1,621,178
Alternative Uses
Best Use
Retail
$2.08M
$1.82M – $2.43M
NOI $145,906 @ 7.0% cap · market cap 5.72%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $100,971 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$4.10M
$3.59M – $4.79M
NOI $287,231 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Single-tenant
Tenancy
Yes
Fenced yard
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- T J Automotive — 2304 SW 60th Way, Miramar, FL 33023
- VLAINIC AUTO REPAIR — 5992 SW 23rd St, West Park, FL 33023
- Lex Garage — 5980 SW 23rd St, West Park, FL 33023
- Westway Towing — Miramar, FL 33023
- 8 Lug Custom — 2359 S State Rd 7, West Park, FL 33023
Frequently Asked Questions
What type of property is this?
Auto shop - Air-conditioned automotive facility on a gated, fenced lot with space for vehicle staging or parking.
Where is this auto shop located?
The property is located at 5836 Rodman Street Hollywood, FL.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 3,600 SF renovated automotive facility; Four professional automotive lifts and two hydraulic roll‑up doors; 10,500 SF gated, fenced lot with vehicle staging area
