Freestanding Retail
For Sale
$1,150,000
Pending
7035 Taft St, Hollywood, FL 33024
Freestanding retail building on Taft Street with 4,000 SF of leasable space and on-site parking.
Property Size4,000 SF
Lot Size0.53 Acres
Days on Market2846
Property Features for 7035 Taft St
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.53 Acres
Property subtype
General Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,845
Amenities
3
29 Parking Spaces.
56
Building Details
Year Built
1966
Buildings
1
Listing Agency:
(305) 766-7958
Listed By:
The Keyes Company
(305) 766-7958
Source:
Xome
Added: Oct 29, 2018
Changed: Aug 8
Last Checked: Jul 30 at 3:32PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This freestanding retail building offers 4,000 SF of leasable space and is currently occupied by a long-term tenant. The building is described as well kept and maintained. Interior features include 3 guest facilities.
The property sits on a 23,000 SF lot and is located directly on Taft Street. It is positioned between University Drive and the Florida Turnpike and sits next to the Hollywood Palm Shopping Center, which includes Publix, Walgreens, Chase, Flippers Cinema, Dunkin', and Baskin Robbins.
Additional exterior features include 29 parking spaces. The property was built in 1966. Business is not for sale, and the tenant is not to be disturbed.
The property sits on a 23,000 SF lot and is located directly on Taft Street. It is positioned between University Drive and the Florida Turnpike and sits next to the Hollywood Palm Shopping Center, which includes Publix, Walgreens, Chase, Flippers Cinema, Dunkin', and Baskin Robbins.
Additional exterior features include 29 parking spaces. The property was built in 1966. Business is not for sale, and the tenant is not to be disturbed.
Key Highlights
- 4,000 SF of leasable retail space
- Freestanding building directly on Taft Street
- 23,000 SF lot
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
$55,642
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
4.84%
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%
$1,112,840
$1.1M
Cap Rate 7%
$794,886
$794.9K
Cap Rate 9%
$618,244
$618.2K
Market Conditions
NOI Build-Up for 4,000 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
$86.4K $21.60/SF
− Vacancy
−$6.9K −$1.73/SF
EGI
$79.5K $19.87/SF
− OpEx
−$23.8K −$5.96/SF
NOI
$55.6K $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%
$1,112,840
Cap Rate 7%
$794,886
Cap Rate 9%
$618,244
Alternative Uses
Best Use
Retail
$794.9K
$695.5K – $927.4K
NOI $55,642 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,536 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,691
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building on Taft Street with 4,000 SF of leasable space and on-site parking.
Where is this storefront property located?
The property is located at 7035 Taft St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,000 SF of leasable retail space; Freestanding building directly on Taft Street; 23,000 SF lot
