Add Listing
    For Lease
    • 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

    1948 Washington St Hollywood, FL 33020

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $279 SF/Yr

    Dwelling available through Rent Reprieve Auction Membership.

    Property Features for 1948 Washington St

    General Information

    Property type
    Residential Lease
    Standard status
    Active

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Liliya Semaka
    Source: Elliman

    Listing Agent: Liliya Semaka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rent Reprieve Auction Membership Dwelling

    This dwelling is part of a Rent Reprieve Auction Membership, which requires a membership fee to participate. The auction winner gains use of the dwelling for up to a year, subject to auction terms and conditions. Additional participation requirements apply, with full details available on the website. Virtual showings will begin August 1, 2025. Membership is required and must be completed prior to auction participation. The official auction date will be announced once the required number of members is reached.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1464289
    Latitude
    26.0037737

    Nearby Similar for Lease

    • $2,950 /Mo

      Contemporary Executive Office Suites

      New executive office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • New
      $29 SF/Yr

      Renovated Office Suites in Hollywood

      Move-in ready, renovated office suites in prime Hollywood location.
      3911 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • $2,950 /Mo

      Contemporary Executive Office Suites

      New executive office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $2,950 /Mo

      Contemporary Executive Office Suites

      New office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $2,950 /Mo

      New Executive Office Suites

      Contemporary office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $2,300 /Mo

      Bright Office Suite with Amenities

      Office suite with private bathroom, kitchenette, and included utilities.
      2131 E Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $6,000 /Mo
      21,270 SF

      Hollywood Flex Space For Lease

      1500 SF flex space with private fenced lot.
      1128 N Federal Hwy, Hollywood, FL 33020
      View Details
    • $1,400 /Mo
      43,560 SF

      Updated Office Space Available

      Updated professional office space with ample parking and natural light.
      6115 Stirling Rd, Hollywood, FL 33314
      View Details
    • $3,850 /Mo

      Hollywood Automotive Warehouse For Lease

      Versatile warehouse in established automotive corridor, city-approved for automotive use.
      5629 Dawson St, Hollywood, FL 33023
      View Details
    • $880 /Mo

      Furnished Executive Office in Hollywood

      Private office space available for rent in Hollywood, Florida.
      2950 N 28Th Ter, Hollywood, FL 33020
      View Details
    • $1,800 /Mo
      Pending

      Functional Office Suite in Hollywood

      Full-service office suite with excellent accessibility and included amenities.
      2801 Greene St, Hollywood, FL 33020
      View Details
    • $1,000 /Mo
      5,868 SF

      Prime Location Office Spaces

      Office spaces for rent in prime Hollywood location.
      2743 Hollywood Blvd, Hollywood, FL 33020
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Dwelling available through Rent Reprieve Auction Membership.
    Where is this multifamily property located?
    The property is located at 1948 Washington St Hollywood, FL.
    What is the lease rate?
    The lease rate is $279 SF/Yr.
    What are key features of this property?
    This property features: - Opportunity to win use of this dwelling for up to a year through auction.; - Part of a Rent Reprieve Auction Membership program.; - New construction, built in 2025.
    (786) 989-0758
    Request Owner's contact information
    1948 Washington St Hollywood, FL 33020
    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.
    1948 Washington St
    Hollywood, FL 33020
    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
    1948 Washington St Hollywood, FL 33020
    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
    Liliya Semaka
    (786) 989-0758 (754) 667-2005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!