Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oceanfront Hollywood Beach Triplex Condo Title is generated by Realmo AI

    2201 N Surf Road, Hollywood, FL 33019

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Three-unit condo building on Hollywood Beach's iconic Broadwalk.

    Type:Special Purpose
    Added:
    Oct 24, 2024
    Days on Market:
    583
    Last Refresh:
    May 12 at 11:37 pm

    Property Features for 2201 N Surf Road

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Roger Lohse

    Listing agent Roger Lohse

    Listing office RE/MAX 5 Star Realty

    Listing date Oct 24, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty

    HighLights

    • Direct oceanfront location on Hollywood Beach Broadwalk.
    • Entire 3‑unit condominium building for sale.
    • Flexible "BWK‑25‑HD‑Commercial" zoning allows residential or commercial use (restaurant, cafe, etc.).
    • Can be used as a single‑family home or three separate residences.
    • Penthouse unit features a private elevator entrance and oceanfront patio.
    • Total of 10 bedrooms, 6 full baths, 3 half baths, and 3 kitchens.

    Overview

    This is a three-unit condominium building available for sale. Located on the oceanfront Broadwalk of Hollywood Beach, this property resides in the "BWK-25-HD-Commercial" zoning district. This zoning allows for flexible usage, including residential or conversion into a restaurant, cafe, or other commercial purpose. The building can function as a single-family home or three separate residences. The property features a total of 10 bedrooms, 6 bathrooms, 3 half bathrooms, and 3 kitchens. The penthouse includes a private elevator entrance and a spacious patio with views of the ocean and Broadwalk.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1150162
    Latitude
    26.0254077

    Nearby Similar for Sale

    • $2,550,000
      3,600 SF

      Turnkey Automotive Facility with Income

      Fully renovated automotive facility with income in Hollywood, Florida.
      5836 Rodman St, Hollywood, FL 33023
      View Details
    • $1,900,000
      2,200 SF

      Turnkey Medical/Office Building For Sale

      2,200 SF commercial space ideal for medical or office use.
      795 S Federal Hwy, Hollywood, FL 33020
      View Details
    • $1,099,995
      3,500 SF

      Hollywood ALF/Group Home Opportunity

      Large home suitable for assisted living or group home facility.
      3211 Calle Largo Dr, Hollywood, FL 33021
      View Details
    • $865,555
      2,511 SF

      Renovated Fourplex in Central Hollywood

      Fully renovated fourplex with upgrades, ideal for investors or multigenerational living.
      2001 N 22nd Avenue, Hollywood, FL 33020
      View Details
    • $2,255,000
      7,445 SF

      Hollywood Multifamily Investment Opportunity

      Ten-unit multifamily property in Hollywood, Florida, fully occupied and cash-flowing.
      2206 Fillmore St #1-10, Hollywood, FL 33020
      View Details
    • $1,600,000
      4,300 SF

      Remodeled Multifamily Asset in Hollywood

      Fully remodeled 4-unit multifamily property with strong income potential.
      5629 Taft St, Hollywood, FL 33021
      View Details
    • $865,000
      1,251 SF

      Renovated Office Space Near Beach

      Turnkey commercial space ideal for spa or medical office.
      3800 S Ocean Dr, Hollywood, FL 33019
      View Details
    • $1,850,000
      9,248 SF

      Commercial Spaces in Hollywood Building

      Seven commercial spaces in a prime Hollywood location for sale.
      5000 Hollywood Boulevard, Hollywood, FL
      View Details
    • $3,200,000
      8,600 SF

      Remodeled Multifamily Asset in Hollywood, FL

      Fully remodeled 8-unit multifamily property in high-demand Hollywood rental market.
      5645 Taft St, Hollywood, FL 33021
      View Details
    • $3,688,000

      Remodeled Medical Office Building

      Freestanding, remodeled medical office with ample parking on corner lot.
      7700 Davie Road Ext, Hollywood, FL 33024
      View Details
    • $1,800,000
      1,871 SF

      Hollywood Multifamily Investment Opportunity

      Multifamily property with development potential in Hollywood, Florida.
      1942 Buchanan Street, Hollywood, FL 33020
      View Details
    • $699,999
      1,755 SF

      Versatile Commercial Property in Hollywood

      Commercial property ideal for retail, office, studio, showroom, or industrial.
      3000 N 22nd Avenue, Hollywood, FL 33020
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit condo building on Hollywood Beach's iconic Broadwalk.
    Where is this triplex located?
    The property is located at 2201 N Surf Road Hollywood, FL.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Direct oceanfront location on Hollywood Beach Broadwalk.; Entire 3‑unit condominium building for sale.; Flexible "BWK‑25‑HD‑Commercial" zoning allows residential or commercial use (restaurant, cafe, etc.).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Roger Lohse
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2201 N Surf Road, Hollywood, FL 33019
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!