Fully Occupied Five-Bay Flex
For Sale
$3,750,000
601 N 21st Ave, Hollywood, FL 33020
The property contains five occupied bays within a flex and retail building.
Property Size12,150 SF
Lot Size0.38 Acres
Price / SF$308.64
Days on Market189
Property Features for 601 N 21st Ave
General Information
Standard status
Active
Size
12,150 SF
Lot size
0.38 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Gross Income
$198,000
Taxes and HOA fees
Annual Taxes
$46,952
Building Details
Building Size
12,150 SF
Year Built
1957
Tenancy
Multi
Listing Agency:
APEX Capital Realty LLC
Listed By:
Jason Abitbol · License #3354200
(863) 440-2387
Source:
Relinkre
Added: Apr 11
Changed: Oct 14
Last Checked: Oct 15 at 8:28AM
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 APEX Capital Realty LLC
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Investment Insights
Based on property information with market context.
This fully occupied commercial property is configured as a flex and retail building with five bays. The improvements comprise approximately 12,150 square feet, providing a multi-bay layout suited to a range of commercial operations.
The property occupies an approximately 16,710-square-foot lot at 601 S 21st Ave in Hollywood, Florida. Its existing occupancy and combination of flex and retail space provide a clearly defined commercial configuration for review.
The property occupies an approximately 16,710-square-foot lot at 601 S 21st Ave in Hollywood, Florida. Its existing occupancy and combination of flex and retail space provide a clearly defined commercial configuration for review.
Key Highlights
- Five‑bay flex and retail building
- Fully occupied property
- Approximately 12,150 SF of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,011
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,380,220
$3.4M
Cap Rate 7%
$2,414,443
$2.4M
Cap Rate 9%
$1,877,900
$1.9M
Market Conditions
NOI Build-Up for 12,150 SF
Gross rent
$262.4K $21.60/SF
− Vacancy
−$21.0K −$1.73/SF
EGI
$241.4K $19.87/SF
− OpEx
−$72.4K −$5.96/SF
NOI
$169.0K $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%
$3,380,220
Cap Rate 7%
$2,414,443
Cap Rate 9%
$1,877,900
Alternative Uses
Best Use
Retail
$2.41M
$2.11M – $2.82M
NOI $169,011 @ 7.0% cap · market cap 4.51%
Second Best
Flex RnD
$1.97M
$1.72M – $2.30M
NOI $137,985 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$4.75M
$4.16M – $5.55M
NOI $332,716 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,158
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
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 Industrial in South region
Similar Off Market Nearby
- EverCook — 2610 Monroe St, Hollywood, FL 33020
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- Cute Catering — 2719 Hollywood Blvd, Hollywood, FL 33020
- Fabulous Food — 2640 Hollywood Blvd, Hollywood, FL 33020
- Gotta Have Coffee — 2662 Hollywood Blvd, Hollywood, FL 33020
Frequently Asked Questions
What type of property is this?
Flex space - The property contains five occupied bays within a flex and retail building.
Where is this flex space located?
The property is located at 601 N 21st Ave Hollywood, FL.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Five‑bay flex and retail building; Fully occupied property; Approximately 12,150 SF of building area
