8-Unit Beach
For Sale
$1,200,000
Pending
320 NEBRASKA ST, Hollywood, FL 33019
Eight guest rooms offer one-bedroom layouts, private balconies, and onsite parking near the beach and Hollywood Broadwalk.
Property Size4,645 SF
Days on Market4749
Property Features for 320 NEBRASKA ST
General Information
Standard status
Pending
Size
4,645 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$14,839
Amenities
balcony
coin-op washer & dryer
3
8 Parking Spaces.
Building Details
Year Built
1994
Tenancy
Multi
Listing Agency:
MAR NON MLS MEMBER
(786) 471-5281
Listed By:
Sean Lam · License #3238267
(786) 471-5281
Source:
Xome
Added: Aug 30, 2013
Changed: Aug 30
Last Checked: Aug 30 at 9:22AM
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 MAR NON MLS MEMBER
Investment Insights
Based on property information with market context.
This motel contains 8 units within 4,645 square feet and was built in 1994. Each unit is configured with 1 bedroom and 1 bathroom, while select rooms include ocean views and balconies. Interior finishes include tile flooring throughout, and the property has a newer roof. Some units have new A/C systems and water heaters.
The motel is located near the beach and Hollywood Broadwalk. Onsite amenities include 8 parking spaces and coin-operated laundry equipment with a washer and dryer. The property is offered for sale.
The motel is located near the beach and Hollywood Broadwalk. Onsite amenities include 8 parking spaces and coin-operated laundry equipment with a washer and dryer. The property is offered for sale.
Key Highlights
- 8‑unit motel with 4,645 square feet, built in 1994
- All units feature 1 bedroom and 1 bathroom
- Balconies are provided, with ocean views in some units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,949
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,980
$699.0K
Cap Rate 7%
$499,271
$499.3K
Cap Rate 9%
$388,322
$388.3K
Market Conditions
NOI Build-Up for 4,645 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.6K $18.00/SF
− Vacancy
−$10.0K −$2.16/SF
EGI
$73.6K $15.84/SF
− OpEx
−$38.6K −$8.32/SF
NOI
$34.9K $7.52/SF
Area
Hollywood, FL
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,980
Cap Rate 7%
$499,271
Cap Rate 9%
$388,322
Alternative Uses
Best Use
Hotel Hospitality
$499.3K
$436.9K – $582.5K
NOI $34,949 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,199 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33019, FL
15,497
Population
12,453
Households
1.2
Avg Household Size
55
Median Age
60%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,188
Density / Sq Mi
$94,824
Median Household Income
$59,226
Median Earnings
$1,983
Median Rent
$631,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Global Rent Apart — 777 N Ocean Dr, Hollywood, FL 33019
- Resort — 777 N Ocean Dr S321, Hollywood, FL 33019
- Rooftop Pool- Gym - Hollywood Beach Broad - walk — 777 N Ocean Dr, Hollywood, FL 33019
- 777North Ocean Drive Holywood Bach33119 — 777 N Ocean Dr, Hollywood, FL 33019
- Beach Hollywood — 609 N Ocean Dr, Hollywood, FL 33019
Frequently Asked Questions
What type of property is this?
Motel - Eight guest rooms offer one-bedroom layouts, private balconies, and onsite parking near the beach and Hollywood Broadwalk.
Where is this motel located?
The property is located at 320 NEBRASKA ST Hollywood, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8‑unit motel with 4,645 square feet, built in 1994; All units feature 1 bedroom and 1 bathroom; Balconies are provided, with ocean views in some units
