Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4050 Sheridan St Ste D Hollywood, FL 33021-3561

    • Medical offices
    • 2,649 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    Nov 20, 2024
    $615,000
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    6.1%
    Medical offices
    Location Intelligence
    Property ID
    US19-0010595
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Chiapone D. Ting, MD - Chinese Speaking Primary Care Physician / Medical Clinic / Internist
    • Emil Matei / Surgeon
    • Dr. Maria Diwanji / Family Practice Physician
    • Safecare Medical Center - Primary Care Physician Office / Doctor / Medical Clinic
    • Yesenia Morato, LMT / Doctor / Massage Therapist

    Property Details for 4050 Sheridan St Ste D

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.05 lot acres
    Property size
    2,649 SF
    Zone code
    O-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    51-42-08-13-0020
    APU
    514208130020

    Description

    This 2,649 square foot medical office condo, located at 4050 Sheridan St #C in Hollywood, Florida 33021, is offered at $615,000. Built in 1980, the property is situated in Sheridan Hills Professional Plaza and is currently configured as a medical practice, ready for immediate occupancy. The space includes eight or more exam rooms, a large office with a private bathroom, a staff break room, a central reception area, a patient waiting room, and a shared restroom for patients and staff. The property is being delivered vacant, presenting a turnkey opportunity for medical professionals seeking to establish or expand their practice in the Broward County area. The condo is suitable for a variety of professional uses, including but not limited to: attorneys, doctors, dentists, accountants, engineers, insurance agents, and real estate brokers. This prime location in Hollywood offers excellent visibility and accessibility. The property's layout and existing infrastructure make it an ideal space for a seamless transition into a thriving medical practice. The asking price reflects the property's excellent condition, desirable location, and immediate availability. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $615,000
      ML approach
      $615,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $575,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $996,000
      Market price range: $468k - $1.30M
      AI Estimate
      $385,000
      Market price range: $218k - $540k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1849
    Latitude
    26.0317
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,691
    $94,160
    $524,880
    $619,040
    -
    $94,160
    $524,880
    $619,040

    Comparable in this City

    • Value Estimation
      $655,000
      9,373 SF

      4450 Sheridan St

      MEDICAL BUILDING • 9,373 SF
      4450 Sheridan St, Hollywood, FL 33021
      View Details
    • Value Estimation
      $620,000
      13,312 SF

      3939 Hollywood Blvd

      MEDICAL BUILDING • 13,312 SF
      3939 Hollywood Blvd, Hollywood, FL 33021-6749
      View Details
    • Value Estimation
      $205,000
      1,369 SF

      3872 Sheridan St, Unit B

      MEDICAL BUILDING • 1,369 SF
      3872 Sheridan St, Hollywood, FL 33021-3634
      View Details
    • Value Estimation by Request
      3,075 SF

      4700 Sheridan St Ste I

      MEDICAL BUILDING • 3,075 SF
      4700 Sheridan St Ste I, Hollywood, FL 33021-3416
      View Details
    • Value Estimation
      $410,000
      2,732 SF

      4700 Sheridan St Ste D

      MEDICAL BUILDING • 2,732 SF
      4700 Sheridan St Ste D, Hollywood, FL 33021-3416
      View Details
    • Value Estimation
      $325,000
      2,750 SF

      3856 Sheridan St

      MEDICAL BUILDING • 2,750 SF
      3856 Sheridan St, Hollywood, FL 33021-3634
      View Details

    Similar Nearby for Sale

    • $140,000

      Medical Aesthetics Spa Opportunity

      Turnkey medical aesthetics spa in Hollywood, Florida with established client base.
      Hollywood, FL 33021
      View Details
    • $119,900

      Furnished 1/1 Apartment in Hollywood

      Move-in ready, furnished 1/1 apartment in a 55+ community.
      3847 S Circle Dr, Hollywood, FL 33021
      View Details
    • $138,000

      Hollywood Hills Senior Housing

      Senior housing in Hollywood Hills, close to amenities.
      3525 Tyler St, Hollywood, FL 33021
      View Details
    • $1,537,725
      2,929 SF

      Medical Office Space Available

      Medical office space for sale near Memorial Regional Hospital.
      3850 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Contact for pricing

      Updated Office Space on Hollywood

      Recently updated office space on Hollywood Blvd, ideal for professionals.
      5100 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Contact for pricing

      Renovated Medical Office Suite

      Modern, move-in ready medical office space in Hollywood.
      3700 Washington St, Hollywood, FL 33021
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      45,890 SF

      Sheridan Oaks Plaza: Hollywood Retail Space

      Prime Hollywood retail/office opportunity. Multiple suites available.
      2500 State Road 7, Hollywood, FL 33021
      View Details
    • Contact for pricing
      36,199 SF

      Prime Park Road Office Space

      Multiple Suites, Broward County, Free Rent Incentives
      450 Park Rd, Hollywood, FL 33021
      View Details
    • $29 SF/Yr
      1,409 SF

      Hollywood Medical Office Suite

      Prime Medical Office, 1409 SF, Ready Now
      3816 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Contact for pricing
      40,000 SF

      Hollywood Blvd Office Space

      Prime Hollywood Office & Retail
      3325 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • $40 SF/Yr
      36,485 SF

      Hollywood Office Building for Lease

      Prestigious Emerald Hills location, flexible suites
      3475 Sheridan St, Hollywood, FL 33021
      View Details
    • $360 /Mo
      32,000 SF

      Hollywood Office Space for Lease

      Prime Hollywood location, flexible suites.
      4600 Sheridan St, Hollywood, FL 33021
      View Details
    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.
    4050 Sheridan St Ste D
    Hollywood, FL 33021-3561
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.