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    Restaurant and Lounge on Hollywood Title is generated by Realmo AI

    1936 Hollywood Blvd, Hollywood, FL 33020

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    For Sale
    $430,000

    Business - Hollywood, FL

    Type:Business
    Lot size:
    0.14 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    42
    Last Refresh:
    May 12 at 5:06 pm

    Property Features for 1936 Hollywood Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    RC-2
    Standard status
    Active
    APN
    514215014840
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    30812

    Utilities

    Sewer type
    Other
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1979
    Flooring type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Nidia Acosta

    Listing agent Nidia Acosta License #3206357

    Listing office United Realty Group Inc. 975 N. Nob Hill Road, Plantation, FL

    Listing date Apr 1, 2026

    MLS# A11939625 Listing URL

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

    HighLights

    • Two side‑by‑side commercial spaces on Hollywood Boulevard
    • Includes a well‑established Peruvian restaurant
    • Connected lounge with a full 4COP liquor license
    • Upgraded air‑conditioning systems in both units
    • One space has been completely redesigned and modernized
    • Strong street exposure and proven operation

    Overview

    This is a fully operational restaurant opportunity featuring two active commercial spaces situated side by side on Hollywood Boulevard. It includes a well-established Peruvian dining concept, along with an internally connected lounge with a full 4COP liquor license. The restaurant has built a solid and lasting presence at this location. Recent enhancements include upgraded air-conditioning systems in both units, with one space having been completely redesigned and modernized. The property is located in Hollywood, Florida, in Broward County, and has a lot size of 0.1389 acres. The zoning is RC-2. This opportunity offers strong street exposure and a proven operation, making it a good fit for an owner or investor looking for a distinguished hospitality asset. The monthly rent is $9,800, payable to the landlord. The intended use of the property is for restaurant and lounge businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evergreen Sweeteners Food Processing Plant Cabo Blanco Restaurant ... Restaurant Club Elé Bar & Pub Green Dog Brewing ... Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1465371
    Latitude
    26.0111043

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    FAQs

    What type of property is this?
    Conventional restaurant - Two commercial spaces with restaurant and lounge in Hollywood, FL.
    Where is this conventional restaurant located?
    The property is located at 1936 Hollywood Blvd Hollywood, FL.
    What is the asking price?
    The asking price for this property is $430,000.
    What are key features of this property?
    This property features: Two side‑by‑side commercial spaces on Hollywood Boulevard; Includes a well‑established Peruvian restaurant; Connected lounge with a full 4COP liquor license
    (954) 254-4211
    We can help!
    Listing Contact
    Nidia Acosta
    Real Estate License ID: 3206357
    Learn More
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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.

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