Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2509 Hayes St, Unit 2509 Hollywood, FL 33020

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,150 /Mo

    Recently renovated 2-bedroom apartment in Hollywood, with parking.

    Lot size:
    0.17 Acres

    Property Features for 2509 Hayes St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Hans Schneidenbach
    Source: Elliman

    Listing Agent: Hans Schneidenbach

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

    Learn more

    Overview

    Renovated Hollywood Apartment with Parking

    This renovated apartment features 2 bedrooms and 1 bathroom. The unit includes a kitchen, a bathroom with a tub, fresh paint, modern countertops, stainless-steel appliances, upgraded lighting fixtures, ceiling fans, new blinds, and new doors and trim. The master bedroom includes a new closet system in the walk-in closet. The layout is open and bright. Two parking spaces are assigned to the unit. The property is located minutes from Downtown Hollywood, Young Circle, dining, shopping, and major highways.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1579598
    Latitude
    26.0207298

    Nearby Similar for Lease

    • $1.00 SF/Yr
      21,820 SF

      Downtown Hollywood Office Leasing Opportunity

      Prime office space in vibrant downtown Hollywood, steps from Young Circle.
      1940 Harrison St, Hollywood, FL 33020
      View Details
    • $18 SF/Yr
      Pending

      Spacious Warehouse in Hollywood, FL

      2900 sq ft warehouse space suitable for various business uses.
      5801 Mayo St, Hollywood, FL 33023
      View Details
    • $32 SF/Yr

      Professional Office Building in Hollywood

      Private offices available in secure building near major transportation.
      2227 N Federal Hwy, Hollywood, FL 33020
      View Details
    • $15,000 /Mo

      Air-Conditioned Warehouse with Office Suite

      6,478 SF warehouse with 844 SF office suite.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $4,300,000
      10,529 SF

      Hollywood Multifamily Investment Opportunity

      Rare, updated 14-unit building near Hollywood Beach Golf Club.
      930 N 14Th Ct, Hollywood, FL 33020
      View Details
    • New
      $1,450 /Mo
      43,560 SF

      Updated Office Space For Lease

      Updated professional office space with ample parking and natural sunlight.
      6115 Stirling Rd, Hollywood, FL 33314
      View Details
    • $1,200 /Mo
      43,560 SF

      Hollywood Boutique Office Building

      Office spaces with various styles, sizes, and views available.
      2719 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $4,500 /Mo
      5,868 SF

      Hollywood Office Spaces For Rent

      Office spaces for rent in prime Hollywood location near I-95.
      2743 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $22 SF/Yr

      West Park Industrial Warehouse Space

      1,500 SF industrial warehouse space for lease in West Park.
      5712 SW 25Th St, Hollywood, FL 33023
      View Details
    • $1,500 /Mo

      Medical Office Space For Rent

      217 SF medical office space available in downtown Hollywood.
      1911 Harrison St, Hollywood, FL 33020
      View Details
    • $1,350 /Mo
      Pending

      Office Space in Medical Building

      Office suite with private room, bathroom, sauna, and kitchenette.
      Hollywood, FL 33021
      View Details
    • $1,900 /Mo

      Medical Office Space in Hollywood

      213 sq ft medical office space for rent.
      1911 Harrison St, Hollywood, FL 33020
      View Details

    FAQs

    What type of property is this?
    Apartment building - Recently renovated 2-bedroom apartment in Hollywood, with parking.
    Where is this apartment building located?
    The property is located at 2509 Hayes St, Unit 2509 Hollywood, FL.
    What are key features of this property?
    This property features: - Completely renovated with **new kitchen, bathroom, paint, countertops, appliances, and lighting**.; - Prime location in the heart of Hollywood, close to Downtown Hollywood, Young Circle, dining, shopping, and highways.; - Two assigned parking spaces.
    (954) 895-5973
    Request Owner's contact information
    2509 Hayes St, Unit 2509 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.
    2509 Hayes St, Unit 2509
    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
    2509 Hayes St, Unit 2509 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
    Hans Schneidenbach
    (954) 895-5973
    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.