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    2118 Collins Ct Ct Hollywood, FL 33020

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    2118 Collins Ct Ct Hollywood, FL 33020

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    Property Details for 2118 Collins Ct Ct

    Year built
    1966
    Property type
    Investment properties

    Description

    This exceptional business opportunity is located at 2118 Collins Ct Court, Hollywood, Florida. Priced at $350,000, this fully built-out space is ideally situated in a high-traffic area known for its vibrant art scene, diverse dining options, and bustling nightlife. The property benefits from significant recent upgrades, resulting in a modern and stylish interior, perfectly suited for immediate operation. The owners have invested substantially in creating a turnkey environment, minimizing the need for extensive renovations or improvements before commencement of business. This translates to significant cost savings and a faster path to profitability for the new owner. The location within Hollywood ensures unparalleled exposure and accessibility, attracting a large and diverse customer base. This presents a unique chance for entrepreneurs seeking to establish a new venture or expand an existing brand into a dynamic and thriving market. The property's strategic placement within this energetic district guarantees high visibility and foot traffic, maximizing the potential for success. This is a rare opportunity to acquire a fully operational business in a prime location, ready for immediate occupancy and revenue generation. The absence of any required significant capital investment for renovations makes this a particularly attractive proposition for investors seeking a quick return on investment. Don't miss this chance to own a thriving business in a highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.15
    Latitude
    26.0157

    Comparable in this City

    • Value Estimation
      $3,060,000
      11,902 SF

      1911-1915 Hollywood Blvd

      STORE/OFFICE (MIXED USE) • 11,902 SF
      1911-1915 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • Value Estimation by Request
      659 SF

      2131 Hollywood Blvd Ste, Unit 501

      OFFICE/RESIDENTIAL (MIXED USE) • 659 SF
      2131 Hollywood Blvd Ste, Hollywood, FL 33020-6753
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    • Value Estimation by Request
      639 SF

      2131 Hollywood Blvd Ste, Unit 504

      OFFICE/RESIDENTIAL (MIXED USE) • 639 SF
      2131 Hollywood Blvd Ste, Hollywood, FL 33020-6753
      View Details
    • Value Estimation by Request
      716 SF

      2131 Hollywood Blvd Ste, Unit 206

      OFFICE/RESIDENTIAL (MIXED USE) • 716 SF
      2131 Hollywood Blvd Ste, Hollywood, FL 33020-6750
      View Details
    • Value Estimation by Request
      1,890 SF

      2131 Hollywood Blvd Ste, Unit 207

      OFFICE/RESIDENTIAL (MIXED USE) • 1,890 SF
      2131 Hollywood Blvd Ste, Hollywood, FL 33020-6750
      View Details
    • Value Estimation by Request
      639 SF

      2131 Hollywood Blvd Ste, Unit 303

      OFFICE/RESIDENTIAL (MIXED USE) • 639 SF
      2131 Hollywood Blvd Ste, Hollywood, FL 33020-6751
      View Details

    Similar Nearby for Sale

    • $3,799,000

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    • Contact for pricing
      6,200 SF

      Newly Constructed Retail Center

      Class A retail center with high-traffic exposure in Hollywood, Florida.
      1735 N Federal Hwy, Hollywood, FL 33020
      View Details
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    Hollywood, FL 33020
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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.

    More about this property
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