Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    315 Mckinley St Hollywood, FL 33019

    Sponsored
    For Sale
    $6,400,000

    Prime ocean view, 11-unit multifamily.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    358
    This exceptional investment opportunity presents a rare chance to acquire a multifamily property situated just 80 feet from the pristine sands of Hollywood Beach. The property encompasses a substantial 0.16-acre lot, featuring four combined parcels, and provides ample parking for residents and guests. The existing building boasts eleven units, offering a diverse mix of layouts designed to attract a wide range of tenants. The property's strong history of repeat clientele speaks to its desirability and inherent value. The building's current configuration provides a solid foundation for immediate income generation, while the expansive lot and prime beachfront location offer significant potential for future expansion and increased profitability. Imagine the possibilities: adding additional units, enhancing existing amenities, or even developing a completely new structure to capitalize on the unparalleled location. This is more than just a property

    Property Features for 315 Mckinley St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1952

    We can help!

    Listing Contact
    Daniel Kennedy

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    The Dolphin Hollywood Hotel Hotel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.11536
    Latitude
    26.0249

    Nearby Similar for Sale

    • $3,299,000
      Pending

      Prime Corner Lot with Upgrades

      High-traffic corner lot with upgraded commercial building and extensive features.
      Hollywood, FL 33023
      View Details
    • $3,688,000

      Remodeled Office Building on Corner Lot

      Freestanding, remodeled commercial building suitable for office or mixed-use purposes.
      7700 Davie Road Ext, Hollywood, FL 33024
      View Details
    • $1,150,000

      Hollywood Commercial Spaces with Views

      Two adjoining commercial spaces with penthouse views in Hollywood, Florida.
      2450 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $6,200,000
      8,240 SF

      Oceanfront Triplex on Hollywood Broadwalk

      Unique oceanfront triplex with development potential on Hollywood's Broadwalk.
      2203 N Surf Rd, Hollywood, FL 33019
      View Details
    • $1,899,000
      1,760 SF

      Renovated Fourplex Near the Ocean

      Renovated fourplex near the ocean, ideal for rentals.
      312 Elm St, Hollywood, FL 33019
      View Details
    • $480,000
      949 SF

      Hollywood Beach Condo with Rental Potential

      Spacious 1BR condo in Hollywood Beach with no rental restrictions.
      777 N Ocean Dr, Hollywood, FL 33019
      View Details
    • New
      $699,000
      1,286 SF

      Freestanding Office on Corner Lot

      Freestanding office building with high visibility and ample parking.
      5820 Sheridan St, Hollywood, FL 33021
      View Details
    • New
      $600,000
      1,788 SF

      Hollywood Fourplex Near Beach

      Multi-family property with four units near the beach and downtown.
      1930 Pierce St, Hollywood, FL 33020
      View Details
    • $1,100,000
      2,798 SF

      Hollywood Triplex with Income Potential

      East Hollywood triplex near Federal Hwy, generating $8,145 monthly.
      1933 Dewey St, Hollywood, FL 33020
      View Details
    • $650,000

      Established Auto Body Shop Business

      Thriving auto body shop business for sale in Hollywood, Florida.
      Hollywood, FL 33020
      View Details
    • $5,400,000

      Auto Body Shop For Sale

      Turn-key auto body shop with real estate in Hollywood, FL.
      500 S Dixie Hwy, Hollywood, FL 33020
      View Details
    • $1,500,000

      Commercial Buildings in Hollywood, Florida

      Two commercial buildings near SR-7 redevelopment corridor in Hollywood, Florida.
      Hollywood, FL 33024
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime ocean view, 11-unit multifamily.
    Where is this commercial real estate located?
    The property is located at 315 Mckinley St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $6,400,000.
    (954) 922-5030
    Request Owner's contact information
    315 Mckinley St Hollywood, FL 33019
    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.
    315 Mckinley St
    Hollywood, FL 33019
    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
    315 Mckinley St Hollywood, FL 33019
    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!
    Listing Contact
    Daniel Kennedy
    (954) 922-5030
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.