Medical Office with
New
For Sale
$650,000
6966 Taft St, Hollywood, FL 33024
O-1 zoning and assigned spaces accompany the medical-office property.
Property Size2,090 SF
Price / SF$311
Days on Market3
Property Features for 6966 Taft St
General Information
Standard status
Active
Size
2,090 SF
Total Parking Spaces
8
Property subtype
Commercial
Zoning
O-1
Site & Location
Neighborhood
Boulevard Heights
Taxes and HOA fees
Annual Taxes
$10,210
Building Details
Building Size
2,090 SF
Year Built
1980
Listing Agency:
Trend Age International Realty
Listed By:
Olukunle Oyeneye · License #3147684
(786) 210-6046
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 3:00PM
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 Trend Age International Realty
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Investment Insights
Based on property information with market context.
This 2,090-square-foot medical office property was built in 1980 and is zoned O-1. Parking includes 7 assigned spaces and 1 accessible space.
Located at 6966 Taft St in Hollywood, the property offers a defined medical-office configuration with dedicated parking.
Located at 6966 Taft St in Hollywood, the property offers a defined medical-office configuration with dedicated parking.
Key Highlights
- 2,090‑square‑foot medical office property
- 7 assigned parking spaces and 1 handicap parking space
- O‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,347
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,940
$806.9K
Cap Rate 7%
$576,386
$576.4K
Cap Rate 9%
$448,300
$448.3K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$69.0K $33.00/SF
− Vacancy
−$15.2K −$7.26/SF
EGI
$53.8K $25.74/SF
− OpEx
−$13.4K −$6.44/SF
NOI
$40.3K $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 Rate 5%
$806,940
Cap Rate 7%
$576,386
Cap Rate 9%
$448,300
Alternative Uses
Best Use
Office B
$576.4K
$504.3K – $672.5K
NOI $40,347 @ 7.0% cap · market cap 6.21%
Second Best
Healthcare Medical
$420.9K
$368.3K – $491.1K
NOI $29,464 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$817.6K
$715.4K – $953.9K
NOI $57,233 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Farley Veterinary Clinic — 6487 Taft St, Hollywood, FL 33024
Frequently Asked Questions
What type of property is this?
Medical Office Space - O-1 zoning and assigned spaces accompany the medical-office property.
Where is this medical office space located?
The property is located at 6966 Taft St Hollywood, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,090‑square‑foot medical office property; 7 assigned parking spaces and 1 handicap parking space; O‑1 zoning
