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    The Largest CRE Database in the US with Over 1 Million Listings

    411 Columbus Pkwy Hollywood, FL 33021

    Sponsored
    For Lease
    $900,000

    Income,Resident. Multi-Fam. - Hollywood, FL

    Property size:
    2,235 SF
    Lot size:
    0.62 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 20 at 7:06 pm

    Property Features for 411 Columbus Pkwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SR7 RM-18
    APN
    514113030350
    Size
    2,235 SF
    Lot size
    0.62 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Wall/Window Unit(s)

    Building Details

    Year built
    1959
    Floors in Building
    1
    Number of units
    5
    Flooring type
    Tile, Tile - Ceramic
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Federico Rochwerger

    Keyes Company Realtors (305) 371-3592

    Listing agent Federico Rochwerger (561) 750-1000

    Listing date Feb 18, 2026

    MLS# RX-11164600 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Multifamily Investment Opportunity in Hollywood

    This property features five multifamily units in Hollywood, Florida, presenting a cash-flow opportunity. The unit mix includes two studios and three one-bedroom/one-bathroom units. The property is situated in a well-maintained neighborhood approximately 2 miles from I-95. A laundry room is located on-site and includes coin-operated washer and dryer units under a lease agreement. The property, along with an additional duplex at 2322 Johnson Street, are being sold together for a total of seven units across 0.86 acres. The total price for both properties is $1.4M. The property is currently operating with long-term tenants and offers potential for increased revenue. The property is zoned SR7 RM-18, allowing for redevelopment as single or multifamily residences with a density of up to 18 dwelling units per acre. The lot size is approximately 0.62 acres, and the property size is 2235 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.208678
    Latitude
    26.011924

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    FAQs

    What type of property is this?
    Apartment building - Five multifamily units for rent in Hollywood, Florida.
    Where is this apartment building located?
    The property is located at 411 Columbus Pkwy Hollywood, FL.
    What are key features of this property?
    This property features: - Excellent cash-flow opportunity with long-term tenants already in place.; - Includes 5 multifamily units and a duplex (7 units total) on 0.86 acres.; - Redevelopment potential with zoning allowing up to 18 units per acre (SR7 RM-18).
    (561) 866-9616
    Request Owner's contact information
    411 Columbus Pkwy Hollywood, FL 33021
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    Hollywood, FL 33021
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    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
    411 Columbus Pkwy Hollywood, FL 33021
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    We can help!
    Listing Contact
    Federico Rochwerger
    (561) 866-9616 (561) 750-1000 (305) 371-3592
    Learn more
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