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    3800 Ocean Dr Hollywood, FL 33019

    Sponsored
    For Sale
    $1,375,000

    Prime South Florida location, high-income area.

    Property size:
    2,593 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional investment opportunity: a 2,593 square foot storefront and executive office space located at 3800 S Ocean Dr, Unit G-9, Hollywood, FL 33019, in Broward County. This property, currently 100% occupied by a successful CPA firm for over 15 years, boasts recently remodeled upscale interiors including nine private offices and a conference room. The asking price is $1,375,000, representing a 5.00% cap rate. The lease is a NNN single-tenancy agreement with five years remaining. The property is zoned C-1, allowing for a variety of uses including offices, personal services, retail sales, and more. Its strategic location offers proximity to major retailers, residences, and other businesses. The surrounding area demonstrates strong demographics, with an average household income of $72,722 (within a 5-mile radius in 2019) and a projected population of 308,733 (within a 5-mile radius in 2024). Seller financing is available with a 25% to 30% down payment. A leaseback option is also available at $5,400 per month for three years, with two additional two-year options at a 5% cap rate. This presents a compelling opportunity for both income generation and future appreciation.

    Property Features for 3800 Ocean Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,593 SF

    HighLights

    • 2,593 sq. ft. remodeled building with 9 private offices and a conference room.
    • Excellent location near major retail, residential, and commercial properties.
    • C‑1 zoning allows for offices, retail, and other uses.
    • Seller financing available with 25‑30% down.
    • Owner will leaseback for 3 years at $5,400/month, with options to extend.
    • Strong demographics: $72,722 average household income (5‑mile radius) and projected 308,733 population (5‑mile radius) in 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Asseff Dental Dentist MasterPOS Software Company Amusement Consulting Amusement Center Bryan Aulick Wedding ... Wedding Photographer Carlos Satulovsky MD ... Medical Office

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1200201
    Latitude
    25.9890122

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    FAQs

    What type of property is this?
    Individual retail property - Prime South Florida location, high-income area.
    Where is this individual retail property located?
    The property is located at 3800 Ocean Dr Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: 2,593 sq. ft. remodeled building with 9 private offices and a conference room.; Excellent location near major retail, residential, and commercial properties.; C-1 zoning allows for offices, retail, and other uses.
    Request Owner's contact information
    3800 Ocean Dr Hollywood, FL 33019
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    Hollywood, FL 33019
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    Realmo Value Estimation

    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.

    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.

    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
    3800 Ocean Dr Hollywood, FL 33019
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