Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5981 Funston St Hollywood, FL 33023

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Hollywood retail space, ample parking.

    Lot size:
    4,500 SF

    Property Features for 5981 Funston St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF

    Spaces For Lease

    at 5981 Funston St, Hollywood, FL 33023 Contact us
    Unit B5

    $3 /Mo

    Size
    4,500 SF
    Contact us

    We can help!

    Listing Contact
    John Demarco
    John Demarco

    Listing Agency: re/max 5 star realty Listing Agent: John Demarco

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4,500 square foot retail space is located at 5981 Funston St #B5, Hollywood, FL 33023. The property is zoned M1.C4 and features a single-tenant occupancy. Ideal for a variety of retail or wholesale businesses, this space is particularly well-suited for an auto dealership, given its location and ample parking provisions. The property includes two parking spaces as required by the state of Florida, with additional parking available for increased convenience. The APN is 514124150760. This is a fantastic opportunity to establish a thriving business in a high-traffic area of Hollywood. The property's size and zoning make it a versatile option for entrepreneurs seeking a prominent location. The single-tenant setup offers complete control and flexibility for the occupant. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space presents. The property is situated in a convenient location within Hollywood, Florida, offering easy access to major roadways and a diverse customer base.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bren's Auto Inc. Auto Repair Shop Motorworkz, Inc Car Dealership A1 Quality Auto ... Auto Repair Shop Third Premier Capital Production Facility Horizon Auto Broker ... Car Dealership

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2064008
    Latitude
    26.0006852

    Nearby Similar for Lease

    • $6,000 /Mo
      21,270 SF

      Hollywood Flex Space For Lease

      1500 SF flex space with private fenced lot.
      1128 N Federal Hwy, Hollywood, FL 33020
      View Details
    • $2,950 /Mo

      Contemporary Executive Office Suites

      New executive office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $2,950 /Mo

      New Executive Office Suites

      Contemporary office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $2,950 /Mo

      Contemporary Executive Office Suites

      New executive office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $2,950 /Mo

      Contemporary Executive Office Suites

      New office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $880 /Mo

      Furnished Executive Office in Hollywood

      Private office space available for rent in Hollywood, Florida.
      2950 N 28Th Ter, Hollywood, FL 33020
      View Details
    • $6,500 /Mo

      Modernized Retail Space in Hollywood

      Flexible commercial space in a mixed-use district, near Brightline station.
      721 S 21St Ave, Hollywood, FL 33020
      View Details
    • $1,000 /Mo
      5,868 SF

      Prime Location Office Spaces

      Office spaces for rent in prime Hollywood location.
      2743 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $3,500 /Mo

      Freestanding Office on Corner Lot

      1,286 SF Hollywood office space for lease.
      5820 Sheridan St, Hollywood, FL 33021
      View Details
    • $1,500 /Mo

      Furnished Office Space on Taft

      Prime Hollywood office space with private entrance and included utilities.
      6888 Taft St, Hollywood, FL 33024
      View Details
    • $2,850 /Mo
      1,884 SF

      Luxury Office in Hollywood Beach

      Renovated office space suitable for medical or executive use.
      3800 S Ocean Dr, Hollywood, FL 33019
      View Details
    • $1,773 /Mo
      990 SF

      Luxury Office with Ocean Views

      Luxury office space with ocean views in Hollywood, Florida.
      3800 S Ocean Dr, Hollywood, FL 33019
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Hollywood retail space, ample parking.
    Where is this retail property located?
    The property is located at 5981 Funston St Hollywood, FL.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 4,500 square foot retail space at 5981 Funston St #B5, Hollywood, FL 33023.; M1.C4 zoning, single-tenant occupancy.; Suitable for retail or wholesale businesses, especially auto dealerships.
    (954) 453-1000 Call to check price and availability
    Request Owner's contact information
    5981 Funston St Hollywood, FL 33023
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5981 Funston St
    Hollywood, FL 33023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5981 Funston St Hollywood, FL 33023
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Demarco
    John Demarco
    Real Estate License ID: BK3134747
    (954) 453-1000 (954) 361-0000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!