Established Sports Bar and
For Sale
$1,000,000
Stirling Rd, Hollywood, FL 33024
Popular Sports Bar and Grille in Davie, FL
Property Size5,000 SF
Price / SF$200
Days on Market194
Property Features for Stirling Rd
General Information
Standard status
Active
Property type
Other specialty properties, Other hospitality properties, Specialty properties, Hospitality properties
Size
5,000 SF
Class
B
Sale Condition
Leasehold
Investment Type
Net Lease
Building Details
Stories
1
Units
1
Listing Agency:
(305) 389-5800
Listed By:
Julie
(305) 389-5800
Added: Feb 16
Changed: Apr 8
Investment Insights
Based on property information with market context.
This established bar and grill offers lunch service and transitions into a vibrant nightclub in the evenings, remaining open until 4 AM. The venue features DJ nights, karaoke, drink specials, hookahs, pool tables, dart boards, games, and a dance floor. A full kitchen provides bar food, complemented by a full liquor bar with nightly drink specials. The business operates seven days a week, from 9 AM to 4 AM. The location benefits from ample free parking within a well-maintained shopping center situated off a main thoroughfare in Davie, Florida, near the Hard Rock Guitar Hotel & Casino. The rent is $7,200 per month, with the current lease term expiring in February 2028. The sale includes the business name, goodwill, furniture, fixtures, and equipment (FF&E), along with all necessary licenses for operation, including a 4-COP quota alcoholic beverage license. Owner financing is available with a minimum down payment of $300,000.
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
$37,620
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
3.76%
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%
$752,400
$752.4K
Cap Rate 7%
$537,429
$537.4K
Cap Rate 9%
$418,000
$418.0K
Market Conditions
NOI Build-Up for 5,000 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
$90.0K $18.00/SF
− Vacancy
−$10.8K −$2.16/SF
EGI
$79.2K $15.84/SF
− OpEx
−$41.6K −$8.32/SF
NOI
$37.6K $7.52/SF
Area
Hollywood, FL
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$752,400
Cap Rate 7%
$537,429
Cap Rate 9%
$418,000
Alternative Uses
Best Use
Hotel Hospitality
$537.4K
$470.3K – $627.0K
NOI $37,620 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,920 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Specialty property - Popular Sports Bar and Grille in Davie, FL
Where is this specialty property located?
The property is located at Stirling Rd Hollywood, FL.
What is the asking price?
The asking price for this property is $1,000,000.
