Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1450 State Road 7 Hollywood, FL 33021

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1450 State Road 7 Hollywood, FL 33021

    View on Map
    • Retail properties & Spaces
    • 41,020 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Insurance Nation / Insurance Agency
    • Hollywood Automax / Car Dealership
    • AAA Tool & Saw Services / Logistics Company

    Property Details for 1450 State Road 7

    Year built
    1989
    Property size
    41,020 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 41,020 square foot, two-story retail storefront located at 1450 N State Road 7 in Broward County, Florida, presents a unique investment opportunity. Built in 1989, this single-tenant property is zoned C-MU and boasts impressive functionality, ideal for an automotive business or similar high-volume operation. The building features a spacious showroom capable of displaying numerous vehicles, complemented by a dedicated conference room and financing center for seamless customer transactions. Multiple private offices provide ample space for administrative staff, sales teams, and management. A fully equipped service center, complete with vehicle lifts and service bays, is ready to handle all maintenance and repair needs. The property also includes ample parking accommodating over 250 vehicles. The entire 41,020 square feet is currently vacant, offering immediate occupancy for a new tenant. This prime location in one of South Florida's most desirable automotive corridors presents an unparalleled chance to establish a thriving business. The APN is 514112430010. This is a single-building property with a total of one suite.

    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
    -80.2088
    Latitude
    26.0226

    Comparable in this City

    • Value Estimation by Request

      Confidential

      Automotive properties
      0 Confidential, Hollywood, FL 33021
      View Details
    • Value Estimation
      $1,170,000
      7,261 SF

      4302 Hollywood Blvd, Unit 4308

      RETAIL STORES (PERSONAL SERVICES) • 7,261 SF
      4302 Hollywood Blvd, Hollywood, FL 33021-6635
      View Details
    • Value Estimation
      $1,570,000
      7,024 SF

      5353 Sheridan St

      RETAIL STORES (PERSONAL SERVICES) • 7,024 SF
      5353 Sheridan St, Hollywood, FL 33021-3342
      View Details
    • Value Estimation
      $5,080,000
      23,043 SF

      3359 Sheridan St, Unit 3399

      RETAIL STORES (PERSONAL SERVICES) • 23,043 SF
      3359 Sheridan St, Hollywood, FL 33021-3606
      View Details
    • Value Estimation
      $6,810,000
      34,945 SF

      4401 Sheridan St, Unit 4599

      RETAIL STORES (PERSONAL SERVICES) • 34,945 SF
      4401 Sheridan St, Hollywood, FL 33021-3513
      View Details
    • Value Estimation
      $895,000
      4,537 SF

      106-114 46th Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,537 SF
      106-114 46th Ave, Hollywood, FL 33021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,123 SF

      Hollywood Retail Property For Sale

      Retail property with over 11 years remaining on corporate lease.
      497 S State Road 7, Hollywood, FL 33021
      View Details
    • $150,000

      Turnkey Restaurant in Hollywood, FL

      Operating restaurant for sale with existing permits and ample parking.
      Hollywood, FL 33021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Sheridan Plaza

      Retail space available in a high-traffic shopping center.
      4901-5545 Sheridan St, Hollywood, FL 33021
      View Details
    • $42 SF/Yr
      2,300 SF

      Retail Space Near I-95

      2,300 SF retail space with high exposure available for lease.
      3098 Stirling Rd, Hollywood, FL 33021
      View Details
    • $23 SF/Yr
      8,100 SF

      Retail Space with SR 7 Visibility

      Retail spaces available for lease with excellent visibility on SR 7.
      820-860 S State Road 7, Hollywood, FL 33021
      View Details
    • Contact for pricing
      1,390 SF

      Retail Space on Sheridan Street

      Retail space with high visibility and easy access.
      3301-3357 Sheridan St, Hollywood, FL 33021
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Hollywood, FL

      Retail space available with prominent signage and ample parking.
      5812-5836 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Contact for pricing
      800 SF

      Retail Space Available For Rent

      Retail space available for lease in Davie, Florida.
      1863 S State Road 7, Davie, 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.
    1450 State Road 7
    Hollywood, FL 33021
    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.
    Sign Up Successful!
    You now have access to more from Realmo!