Newly Constructed Retail
For Sale
Contact for pricing
1735 N Federal Hwy, Hollywood, FL 33020
Class A retail center with high-traffic exposure in Hollywood, Florida.
Property Size6,200 SF
Price / SF$419.35
Days on Market725
Property Features for 1735 N Federal Hwy
General Information
Standard status
Active
Size
6,200 SF
Class
A
Total Parking Spaces
21
Property subtype
Retail
Zoning
C-2 Hollywood
Occupancy
64%
Lease Type
Net
Investment Type
Value Add
Net Operating Income
$96,270
Building Details
Year Built
2020
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
CBRE - Fort Lauderdale
Listed By:
Benjamin Silver · License #FL: SL3197924
Source:
Crexi
Added: Oct 23, 2024
Changed: Oct 8
Last Checked: Oct 16 at 8:44AM
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 CBRE - Fort Lauderdale
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Investment Insights
Based on property information with market context.
The property is a newly constructed, Class A retail center with approximately 6,200 square feet of space. It has direct frontage on N Federal Highway (US-1) in Hollywood, Florida, offering high traffic exposure with over 31,000 vehicles per day. The property is currently 64% occupied and features two vacant retail bays available for lease. It is shadow-anchored by a newly constructed Wawa to the north. The property provides easy ingress and egress with parking located in the rear. The tenant mix is diverse and stable, with additional value achievable through the lease-up of the vacant spaces. The existing leases are approximately 20% below current market rates, offering an investor the opportunity to increase rental rates.
Key Highlights
- Newly constructed (2020) Class A retail center.
- 64% occupancy with 2 vacant retail bays offering immediate lease‑up potential.
- Shadow‑anchored by a newly constructed Wawa.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,244
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,880
$1.7M
Cap Rate 7%
$1,232,057
$1.2M
Cap Rate 9%
$958,267
$958.3K
Market Conditions
NOI Build-Up for 6,200 SF
Gross rent
$133.9K $21.60/SF
− Vacancy
−$10.7K −$1.73/SF
EGI
$123.2K $19.87/SF
− OpEx
−$37.0K −$5.96/SF
NOI
$86.2K $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%
$1,724,880
Cap Rate 7%
$1,232,057
Cap Rate 9%
$958,267
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,244 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.12M – $2.83M
NOI $169,781 @ 7.0% cap · market cap 6.53%
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
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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- Dania — 401 E Sheridan St, Dania Beach, FL 33004
- Sheridan Square — 401 Sheridan St, Dania Beach, FL 33004
Frequently Asked Questions
What type of property is this?
Shopping center - Class A retail center with high-traffic exposure in Hollywood, Florida.
Where is this shopping center located?
The property is located at 1735 N Federal Hwy Hollywood, FL.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Newly constructed (2020) Class A retail center.; 64% occupancy with 2 vacant retail bays offering immediate lease‑up potential.; Shadow‑anchored by a newly constructed Wawa.
