Hollywood Blvd Investment
For Sale
Contact for pricing
6100 Hollywood Blvd, Hollywood, FL 33024
Prime investment with development potential in Hollywood, Florida.
Property Size107,073 SF
Lot Size5.00 Acres
Price / SF$560.37
Days on Market1239
Property Features for 6100 Hollywood Blvd
General Information
Standard status
Active
Size
107,073 SF
Class
A
Lot size
5.00 Acres
Property subtype
Office
Occupancy
90%
Lease Type
Modified Gross
Building Details
Stories
7
Tenancy
Multi
Listing Agency:
WGS Realty
Listed By:
Barry Katz · License #FL 3354358
(954) 284-3400
Source:
Crexi
Added: May 2, 2023
Changed: Sep 17
Last Checked: Sep 20 at 8:34AM
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 WGS Realty
Investment Insights
Based on property information with market context.
Located in Hollywood, Florida, the property at 6100 Hollywood Blvd presents an investment opportunity with a nearly 6% net operating income return. The property benefits from a location on a high-visibility corridor with substantial traffic. Established tenancy provides immediate cash flow, while recent site plan approvals allow for the construction of an additional 10,200 square foot free-standing building, potentially increasing the asset's value. An adjacent 5-acre parcel is available for acquisition, offering the opportunity to assemble a larger development footprint. The property is situated on a site of 107,073 square feet.
Key Highlights
- Nearly 6% net operating income (NOI) provides immediate cash flow.
- Approved for construction of an additional 10,200 sf free‑standing building, unlocking further income potential.
- High‑traffic location with strong retail fundamentals.
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
$2,067,044
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
3.45%
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%
$41,340,880
$41.3M
Cap Rate 7%
$29,529,200
$29.5M
Cap Rate 9%
$22,967,156
$23.0M
Market Conditions
NOI Build-Up for 107,073 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
$3.53M $33.00/SF
− Vacancy
−$777.3K −$7.26/SF
EGI
$2.76M $25.74/SF
− OpEx
−$689.0K −$6.44/SF
NOI
$2.07M $19.31/SF
Area
Hollywood, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
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%
$41,340,880
Cap Rate 7%
$29,529,200
Cap Rate 9%
$22,967,156
Alternative Uses
Best Use
Office B
$29.53M
$25.84M – $34.45M
NOI $2,067,044 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$41.89M
$36.65M – $48.87M
NOI $2,932,087 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Prime investment with development potential in Hollywood, Florida.
Where is this office building located?
The property is located at 6100 Hollywood Blvd Hollywood, FL.
What is the asking price?
The asking price for this property is $60,000,000.
What are key features of this property?
This property features: Nearly 6% net operating income (NOI) provides immediate cash flow.; Approved for construction of an additional 10,200 sf free‑standing building, unlocking further income potential.; High‑traffic location with strong retail fundamentals.
