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    Downtown Hollywood Penthouse Office Space Title is generated by Realmo AI

    2131 Hollywood Boulevard, Hollywood, FL 33020

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    Claim this Listing
    For Lease
    $2,400/Mo $29 SF/Yr (calc)

    COMMERCIAL - Hollywood, FL

    Type:Office
    Property size:
    980 SF
    Added:
    Mar 23, 2026
    Days on Market:
    49
    Last Refresh:
    May 10 at 5:06 am

    Property Features for 2131 Hollywood Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    DH-3
    Parking
    3
    Parking features
    Assigned, Guest
    Standard status
    Active
    APN
    514215bh0320
    Size
    980 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    BOULEVARD LANDMARK CONDO UNIT 503 PER AMCDO INSTR # 114791358
    Tax Annual Amount
    2884

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1974
    Floors in Building
    5
    Flooring type
    Tile
    Building materials
    Concrete
    Roof type
    Flat

    We can help!

    Listing Contact
    Darius Lelutiu

    Listing agent Darius Lelutiu License #3041801

    Listing office Best Realty and Prop. Mgmnt 2131 Hollywood Blvd. Ste. 507B, Hollywood, FL

    Listing date Mar 23, 2026

    MLS# B26006052

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

    HighLights

    • Downtown Hollywood penthouse office location.
    • Benefit from 3 assigned parking spaces plus guest parking.
    • Secured entrance and elevator after hours.
    • Enjoy city views.
    • Well‑maintained building.
    • Walking distance to restaurants.

    Overview

    This 980 square foot penthouse office is located in Downtown Hollywood, offering convenient access to nearby restaurants. The location benefits from significant foot and car traffic. The office provides city views. The building is well-maintained and offers ample parking. The entrance and elevator are secured after 6 pm and on weekends. The property includes 3 assigned parking spaces and guest parking. The office space does not have plumbing. The property is available now.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ace Drug inc ... Medical Clinic Life Balance Support ... Crisis Center Delmay Corporation (Bike/Boat/Book/etc) Store Ramos John Law Firm Alan S. Bernstein, ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.150839
    Latitude
    26.011589

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    FAQs

    What type of property is this?
    Office units - 980 SF penthouse office in Downtown Hollywood for rent.
    Where is this office units located?
    The property is located at 2131 Hollywood Boulevard Hollywood, FL.
    What is the lease rate?
    The lease rate is $2,400 /Mo.
    What are key features of this property?
    This property features: Downtown Hollywood penthouse office location.; Benefit from **3 assigned parking spaces** plus guest parking.; Secured entrance and elevator after hours.
    (954) 600-0445
    We can help!
    Listing Contact
    Darius Lelutiu
    Real Estate License ID: 3041801
    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.

    More about this property
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