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    2801 Greene St Hollywood, FL 33020

    Sponsored
    For Lease
    $54 SF/Yr

    550 sq ft, Private Entrance, Jan 1 Availability

    Lot size:
    550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 550-square-foot office suite presents a fantastic opportunity for a single tenant seeking a well-appointed workspace in a prime location. Situated just off I-95, between Sheridan and Stirling Roads, this suite boasts a private entrance, offering both convenience and privacy. The interior layout includes two individual offices, providing ample space for focused work, along with an additional workspace or lobby area, perfect for client meetings or collaborative projects. The suite is part of a larger building offering a comprehensive suite of shared amenities, including a conference room, printing station, fully equipped kitchen, expansive lobby with reception area, separate men's and women's restrooms, a coffee station, and a dedicated break room. The building provides 24/7 access, ensuring flexibility and convenience for your business operations. Utilities are included in the rental rate, encompassing electricity, water, and high-speed WiFi. This move-in ready space is available for occupancy beginning January 1st, 2025. The property is zoned IM-1 and its Assessor's Parcel Number (APN) is 514204040102. This is a single-tenant occupancy office space within a larger building with no individual building suites.

    Property Features for 2801 Greene St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    550 SF

    Unit(s) available at that property

    Space
    Suite 23
    Size
    550 SF
    Rate per SF
    $54

    HighLights

    • 550 sq. ft. single‑tenant office suite.
    • Located just off I‑95 between Sheridan and Stirling Roads.
    • Features two interior offices and a lobby/workspace.
    • Private exterior entrance or access via main lobby.
    • Shared amenities include conference room, printing station, kitchen, lobby, reception area, restrooms, coffee station, and break room.
    • 24/7 building access.
    Property Profile Location Intelligence

    Current Use by Public Records

    High Performance Motors Used Car Dealer Shimons Cars Used Car Dealer La parfait cosmetics Cosmetic Products Manufacturer Sound Connection Distributors ... Electronics Store Skilled Digital Media ... Internet Marketing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1641948
    Latitude
    26.0402124

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    FAQs

    What type of property is this?
    Office Property / Space - 550 sq ft, Private Entrance, Jan 1 Availability
    Where is this office property / space located?
    The property is located at 2801 Greene St Hollywood, FL.
    What is the lease rate?
    The lease rate is $54 SF/Yr.
    What are key features of this property?
    This property features: 550 sq. ft. single-tenant office suite.; Located just off I-95 between Sheridan and Stirling Roads.; Features two interior offices and a lobby/workspace.
    Request Owner's contact information
    2801 Greene St Hollywood, FL 33020
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2801 Greene St Hollywood, FL 33020
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