Add Listing
    For Sale
    • 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

    307 S 24th Ave Hollywood, FL 33020

    View on Map
    Claim this Listing
    For Sale
    $999,000

    Land - Hollywood, FL

    Lot size:
    0.18 Acres
    Added:
    Apr 13, 2025
    Days on Market:
    377
    Last Refresh:
    Apr 24 at 6:06 am

    Property Features for 307 S 24th Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    DH-2
    Standard status
    Active
    APN
    514216012560
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    7545

    Utilities

    Water source
    Public

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Federico Yaffe
    Federico Yaffe

    Listing agent Federico Yaffe License #3259017

    Listing office Yaffe International Realty 19300 W Dixie Hwy, Aventura, FL

    Listing date Apr 13, 2025

    MLS# A11693794 Listing URL

    Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Site Plan in Hollywood

    This 8,000 sqft corner lot, located in Hollywood, FL, presents a development opportunity with an approved site plan for a 4-story building. The plans include over 11,700 sqft under A/C, featuring 12 one-bedroom units and 14 parking spaces. Situated just off Hollywood Blvd, the property is near Young Circle and approximately 2.8 miles from the beach. Additionally, it is located half a mile from Ben Gamla Charter School. The current house on the property has a tenant paying $2,700 a month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Andrew Katz Counselor choice foundation org Association / Organization

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1541861
    Latitude
    26.0098038

    Nearby Similar for Sale

    • $325,000

      Turnkey Restaurant Lounge in Hollywood

      Restaurant lounge with full liquor license near Hard Rock Hotel.
      5650 Stirling Rd, Hollywood, FL 33021
      View Details
    • $430,000

      Restaurant and Lounge on Hollywood Boulevard

      Two commercial spaces with restaurant and lounge in Hollywood, FL.
      1936 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $865,000

      Renovated Office Space Near Beach

      Turnkey commercial space ideal for spa or medical office.
      3800 S Ocean Dr, Hollywood, FL 33019
      View Details
    • $2,550,000

      Turnkey Automotive Facility in Hollywood

      High-end automotive facility with showroom aesthetic, ideal for luxury autos.
      5836 Rodman St, Hollywood, FL 33023
      View Details
    • $350,000

      Turnkey Beauty Salon Opportunity

      Profitable beauty salon in high-traffic Hollywood location with loyal clientele.
      627 S State Road 7, Hollywood, FL 33023
      View Details
    • $1,850,000
      9,248 SF

      Commercial Spaces in Hollywood Building

      Seven commercial spaces in a prime Hollywood location for sale.
      5000 Hollywood Boulevard, Hollywood, FL
      View Details
    • $3,688,000

      Remodeled Medical Office Building

      Freestanding, remodeled medical office with ample parking in Hollywood, FL.
      7700 Davie Road Ext, Hollywood, FL 33024
      View Details
    • $975,000
      3,603 SF

      Renovated Fourplex in Prime Location

      Fully renovated, fully occupied fourplex near Hollywood Beach.
      1925 Dewey St, Hollywood, FL 33020
      View Details
    • $865,000
      2,511 SF

      Renovated Fourplex in Central Hollywood

      Upgraded fourplex with new roof, near airport and beaches.
      2001 N 22nd Avenue, Hollywood, FL 33020
      View Details
    • $699,999

      Versatile Commercial Property in Hollywood

      Commercial property ideal for retail, office, studio, showroom, or industrial.
      3000 N 22nd Avenue, Hollywood, FL 33020
      View Details
    • $395,000

      Restaurant/Bar Opportunity in Downtown Hollywood

      Restaurant/Bar with full liquor license in the heart of Hollywood.
      1814 Harrison St, Hollywood, FL 33020
      View Details
    • $7,150,000

      600' Boat Dockage - Hollywood

      600' boat dockage on Intracoastal, Hollywood South Central Beach.
      1318 N Ocean Dr, Hollywood, FL 33019
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8,000 sqft corner lot with approved 4-story building plans.
    Where is this commercial land located?
    The property is located at 307 S 24th Ave Hollywood, FL.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Approved site plan for a 4‑story building with 12 one‑bedroom units and 14 parking spaces.; **Prime 8,000 sqft corner lot development opportunity in Hollywood.**; Current tenant provides $2,700 monthly income during development preparation.
    (786) 267-1000
    We can help!
    Listing Contact
    Federico Yaffe
    Federico Yaffe
    Real Estate License ID: 3259017
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!