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    2001 Polk St Hollywood, FL 33020

    For Sale
    $12,900,000

    Turnkey 105-bed assisted living facility in central Hollywood.

    Lot size:
    0.54 Acres

    Property Features for 2001 Polk St

    General Information

    Lot size
    0.54 Acres

    Building Details

    Year built
    1962

    Source: Fausto Commercial Realty Consultants Inc Agent Elior Levi

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

    Overview

    Hollywood Assisted Living Facility

    This is a 105-bed licensed Assisted Living Facility. The three-story building has 27,270 square feet. The facility is a turnkey operation generating over $3.5M in annual gross income. It is fully occupied and professionally managed. The property is located in central Hollywood, minutes from I-95, Fort Lauderdale-Hollywood International Airport, and Hollywood Beach.
    Insight Report Location Intelligence

    Current Use by Public Records

    Midtown Manor Assisted Living Facility Mojen Inc Assisted Living Facility

    Suggested Use

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

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

    Similar Places Nearby

    Life is Precious ALF, Hollywood manor assisted living, Kosher Assisted Living, Hollywood Beach Retirement Home, Robert Shapiro & Associates PA

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1473714
    Latitude
    26.0135473

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    FAQs

    What type of property is this?
    Assisted living facility - Turnkey 105-bed assisted living facility in central Hollywood.
    Where is this assisted living facility located?
    The property is located at 2001 Polk St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $12,900,000.
    What are key features of this property?
    This property features: - Generates $3.5M+ in annual gross income with an 8.1% going-in cap rate.; - Licensed 105-bed Assisted Living Facility.; - Turnkey operation with consistent cash flow.
    (954) 743-7594
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    2001 Polk St Hollywood, FL 33020
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    Realmo Value Estimation

    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.

    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.

    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
    2001 Polk St Hollywood, FL 33020
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