Property profile

2012 Dixie Hwy Hollywood, FL 33020

OFF-MARKET
Manufacturing properties
Property ID
US18-9633104
2,106 SF 0.16 ac lot Built 1952
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a freestanding industrial warehouse located at 2012 N Dixie Hwy, Hollywood, FL 33020. The property, built in 1952, boasts 2,106 square feet of functional warehouse space situated on a 7,086 square-foot lot. Its prime location directly on North Dixie Highway in East Hollywood offers excellent visibility and accessibility, just four blocks south of Sheridan Street. Currently leased to a single tenant under a triple net lease, the property generates a substantial annual net income of $72,000, with the tenant paying $6,000 per month. This translates to a strong return on investment. The property is zoned DH-3, allowing for a wide variety of commercial uses, making it ideal for various industrial applications. This is a rare opportunity to acquire a well-located, income-producing warehouse in a thriving area of Hollywood, Florida. The property's strong cash flow and flexible zoning make it an attractive investment for both seasoned and new investors seeking a stable and profitable asset. Serious inquiries only.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1952
Construction STEEL FRAME
Total area 2,106 SF
Lot 0.16 ac (7,086 SF)
Zoning code DH-3
APN 51-42-09-05-1080
UPID US18-9633104

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store Department Store

Location

2012 Dixie Hwy Hollywood, FL 33020-2341
Hollywood metro Census 90404 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
$945k
Blend (final) Blend
$695k

Owner & transaction history

since 2023
Last sale
$700,000
2 recorded transactions
2023
$700,000
2014
Price N/A

Zoning & alternative use

DH-3 · Hollywood, FL
Zoning description

(iii) DH-3 - Dixie Highway High Intensity Mixed-Use District Special Requirements. a. For lots which abut Dixie Highway and 21st Avenue, the tower orientation shall be towards Dixie Highway and 21st Avenue. b. Where poss…

General category MIXED_USE
Top alternative use upside
Office building $1.0M +6.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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