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    Hollywood Motel Redevelopment Opportunity Title is generated by Realmo AI

    418 S Federal Hwy, Hollywood, FL 33020

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    Prime redevelopment site near Young Circle with income potential.

    Type:Hospitality, Land
    Lot size:
    0.62 Acres
    Added:
    Apr 9, 2024
    Days on Market:
    788
    Last Refresh:
    May 12 at 10:39 pm

    Property Features for 418 S Federal Hwy

    General Information

    Standard status
    Active
    Lot size
    0.62 Acres
    Property subtype
    Hospitality, Land

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Natvar Nana
    Natvar Nana

    Listing agent Natvar Nana License #FL Broker / Associate

    Listing office SVN Alliance

    Listing date Apr 9, 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 SVN Alliance

    HighLights

    • High‑Density Redevelopment Potential: Zoned FH‑2, allowing for development up to 18 stories.
    • Prime Location Near Revitalized Downtown Hollywood: Situated approximately ±700 feet from Young Circle.
    • Opportunity Zone and CRA Incentives: Located within a Community Redevelopment Agency (CRA) and designated as an Opportunity Zone.
    • Existing Revenue Stream: Features 26 short‑term rental rooms, 3 apartment units, and a storage unit.
    • Strategic Accessibility: Positioned near Federal Hwy and Young Circle, ensuring easy access and high visibility.
    • Proximity to Key Amenities and Developments: Close to the ArtsPark Amphitheater and nearby developments.

    Overview

    Located in Hollywood, Florida, The Hill Motel presents an investment opportunity on two parcels totaling 0.62 acres. Constructed in 1965, the property includes 26 short-term rental rooms, 3 apartment units, and a storage unit. Situated approximately 700 feet from Young Circle in Downtown Hollywood, the location provides access to the ArtsPark Amphitheater. The Community Redevelopment Agency is focused on enhancing Young Circle, with streetscape investments supporting urban growth. The property is 19 miles from Downtown Miami and 1.7 miles from I-95. Downtown Hollywood is undergoing revitalization, with over $1.5 billion allocated to ongoing and planned projects, including thousands of new residential units. Federal Hwy experiences heavy traffic, and Young Circle serves as a junction for multiple highways. Zoned FH-2, the property allows for development up to 18 stories or 190 feet, offering potential for single-use and mixed-use configurations with floor area ratios. Located within the Community Redevelopment Agency (CRA) and designated as an Opportunity Zone, The Hill Motel benefits from incentives for increased density and tax advantages. Nearby developments include 1818 Park, Nine Hollywood, and the upcoming Bread Building and B57 North and South. The Hill Motel offers a redevelopment opportunity with the ability to collect immediate revenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hill Motel Hotel & Motel

    Suggested Use

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

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

    Similar Places Nearby

    • Blue Paw Pet Care — 1400 S 19th Ave, Hollywood, FL 33020
    • Apt — 2023 Mayo St #3, Hollywood, FL 33020
    • Curtis Inn — 1501 S Federal Hwy, Hollywood, FL 33020
    • Richard's Hotel — 1411 S Federal Hwy, Hollywood, FL 33020
    • Green Seas Motel — 1419 S Federal Hwy, Hollywood, FL 33020

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1430787
    Latitude
    26.0079106

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    FAQs

    What type of property is this?
    Motel - Prime redevelopment site near Young Circle with income potential.
    Where is this motel located?
    The property is located at 418 S Federal Hwy Hollywood, FL.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: High‑Density Redevelopment Potential: Zoned FH‑2, allowing for development up to 18 stories.; Prime Location Near Revitalized Downtown Hollywood: Situated approximately ±700 feet from Young Circle.; Opportunity Zone and CRA Incentives: Located within a Community Redevelopment Agency (CRA) and designated as an Opportunity Zone.
    (561) 725-0725 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Natvar Nana
    Natvar Nana
    Real Estate License ID: FL Broker / Associate
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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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