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

    1819 Buchanan St Hollywood, FL 33020

    • Apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1819 Buchanan St

    Year built
    1944
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a 48,284 sq ft lot in Hollywood, Florida, encompassing three parcels (MLS numbers A11630339, A1163033, and A11630805) sold as a package for $759,080. The property, located at 1819 Buchanan St, zip code 33020, is zoned FH-2, permitting multi-family, commercial, and mixed-use development. Situated just half a mile from Downtown Hollywood's vibrant core, this location offers unparalleled access to the Hollywood Beach Broadwalk, a 2.5-mile oceanfront promenade. Its proximity to major highways, Fort Lauderdale airport, and the Gulfstream Casino adds to its appeal. The area boasts significant growth, with over $1.5 billion in current development projects, complemented by 60+ parks, 7 golf courses, and a thriving downtown. This one-story, 1944-built apartment building presents a rare chance for developers to capitalize on a high-growth area. The property's potential is further enhanced by its strategic location near N. Federal Highway. Don't miss this chance to be part of Hollywood's exciting development surge.

    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
    -80.1438
    Latitude
    26.0173

    Comparable in this City

    • Value Estimation by Request

      1936 Washington St

      Multifamily properties
      1936 Washington St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      1711 Buchanan St

      Multifamily properties
      1711 Buchanan St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      2709 Grant St

      Multifamily properties
      2709 Grant St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      1925 Rodman St

      Multifamily properties
      1925 Rodman St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      1611 Fletcher St

      Multifamily properties
      1611 Fletcher St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      2122 Dewey St

      Multifamily properties
      2122 Dewey St, Hollywood, FL 33020
      View Details

    Similar Nearby for Sale

    • $795,000
      2,214 SF

      Hollywood Multifamily Investment Opportunity

      Prime Hollywood location, high development potential.
      1934 Jefferson St, Hollywood, FL 33020
      View Details
    • $1,000,000

      Hollywood Triplex Investment Opportunity

      Three-unit renovated property, prime location.
      2238 Liberty St, Hollywood, FL 33020
      View Details
    • $1,750,000

      Hollywood Multifamily Investment

      Prime 3-unit building, permit-ready expansion.
      1105 19Th Ave, Hollywood, FL 33020
      View Details
    • $795,000

      Hollywood Triplex Investment Opportunity

      High-Income Triplex, Prime Location
      1936 Washington St, Hollywood, FL 33020
      View Details
    • $975,000

      Hollywood Triplex Investment Opportunity

      Prime Location, Income-Producing Triplex
      2627 Lincoln St, Hollywood, FL 33020
      View Details
    • $629,000

      Hollywood Duplex - Prime Location

      Two-unit duplex, fully rented, great investment.
      2709 Grant St, Hollywood, FL 33020
      View Details

    Similar Nearby for Lease

    • $2,884 /Mo

      Spacious Two-Bedroom Apartment for Rent

      Modern two-bedroom apartment with resort-style amenities in Hollywood, Florida.
      2000 Van Buren St, Hollywood, FL 33020
      View Details
    • $1,540 /Mo

      Furnished Apartment Near Downtown Hollywood

      Furnished 1-bedroom apartment near Downtown Hollywood with included utilities.
      1935 Taylor St, Hollywood, FL 33020
      View Details
    • $1,600 /Mo

      Cozy Studio Near Downtown Hollywood

      Affordable studio apartment, close to downtown and Hollywood Beach.
      1931 Jefferson St E, Hollywood, FL 33020
      View Details
    • $1,600 /Mo

      Furnished Apartment Near Hollywood Beach

      Furnished apartment near the beach, downtown, and major amenities.
      1629 Johnson St, Hollywood, FL 33020
      View Details
    • $1,100 /Mo

      Studio Apartment in Hollywood

      Studio apartment available for rent in the heart of Hollywood.
      2315 Adams St, Hollywood, FL 33020
      View Details
    • $1,900 /Mo

      Modern Apartment with Garden

      Two-bedroom apartment with private patio, central air, and parking.
      1206 N 22Nd Ave, Hollywood, FL 33020
      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.
    1819 Buchanan St
    Hollywood, FL 33020
    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.