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    6884 Taft St Hollywood, FL 33024

    • Office buildings
    • 1,107 SF
    • 0.18 lot acres
    For Sale
    View listing
    $685,000
    Value Estimations
    Cap Rate Potential
    9.1%
    Office buildings
    Location Intelligence
    Property ID
    US18-3114920
    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

    • Dillon Insurance Inc / Insurance Agency
    • Dillon insurance / Home Insurance Agency

    Property Details for 6884 Taft St

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.18 lot acres
    Property size
    1,107 SF
    Zone code
    O-1
    Property type
    Office buildings
    APN
    51-41-11-17-2300
    APU
    514111172300

    Description

    This exceptional freestanding office building presents a unique investment opportunity in the thriving Hollywood, Florida market. Located at 6884 Taft Street, this prime corner property boasts high traffic visibility, ensuring maximum exposure for your business. The building, constructed in 1960, offers a generous 1,107 square feet of climate-controlled office space. The expansive 7,751 square foot lot provides ample parking for up to 10 vehicles, ensuring convenience for employees and clients alike. Its strategic corner location in Broward County, with a 33024 zip code, offers excellent accessibility and visibility. This property is ideal for a variety of businesses seeking a well-established location with significant street presence. The asking price for this remarkable opportunity is $685,000. Don't miss the chance to secure this exceptional property in a dynamic and growing area. Its size and location make it an attractive option for businesses seeking a prominent presence in Hollywood, Florida. The building's age offers potential for renovation and customization to suit specific business needs. The ample parking significantly enhances the property's appeal and functionality.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $380,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $373,000
      Market price range: $239k - $487k
      AI Estimate
      $288,000
      Market price range: $159k - $371k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2257
    Latitude
    26.0242
    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
    $6,445
    $77,510
    $185,540
    $263,050
    -
    $77,510
    $185,540
    $263,050

    Comparable in this City

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      $1,150,000
      106,968 SF

      9050 Pnes Blvd

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      View Details
    • Value Estimation
      $900,000
      3,072 SF

      10011 Pnes Blvdmulti

      OFFICE BUILDING (MULTI-STORY) • 3,072 SF
      10011 Pnes Blvdmulti, Pembroke Pines, FL 33024-6189
      View Details
    • Value Estimation
      $8,640,000
      34,493 SF

      6067 Hollywood Blvd

      OFFICE BUILDING (MULTI-STORY) • 34,493 SF
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      View Details
    • Value Estimation
      $505,000
      1,792 SF

      10011 Pnes Blvd Ste, Unit 202

      OFFICE BUILDING (MULTI-STORY) • 1,792 SF
      10011 Pnes Blvd Ste, Pembroke Pines, FL 33024-6167
      View Details
    • Value Estimation
      $680,000
      12,297 SF

      7665 Davie Rd Ext

      OFFICE BUILDING (MULTI-STORY) • 12,297 SF
      7665 Davie Rd Ext, Hollywood, FL 33024-2600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,474 SF

      Office Building on Taft Street

      Office building with 24-hour access and abundant parking.
      6600 Taft St, Hollywood, FL 33024
      View Details
    • $3,888,000

      Remodeled Medical Office Building

      Freestanding, remodeled medical office with ample parking on corner lot.
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      12,189 SF

      University Drive Frontage Office Building

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      Hollywood Blvd Medical Office Building

      Class A Medical Office, High Occupancy, Great Location
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      Hollywood Office Building - Prime Location

      High-traffic corner office, excellent visibility.
      7070 Taft St, Hollywood, FL 33024
      View Details
    • Contact for pricing

      Retail/Office Space in Cooper Square

      780 sq ft retail/office space in high-traffic area.
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    Similar Nearby for Lease

    • $492 /Mo
      26,050 SF

      Pembroke Pines Office Space for Lease

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      Hollywood Office Space for Lease

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      View Details
    • $25 SF/Yr
      64 SF

      Medical Office Park For Lease

      Prime medical suites available in high-visibility Hollywood location.
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      View Details
    • $700 /Mo

      Ground Floor Office For Rent

      Ground floor office space available immediately for rent.
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      View Details
    • $276 SF/Yr
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      Hollywood Office Space for Lease

      1,615 SF Office, Single Tenant, Broward County
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    • $25 SF/Yr
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      Hollywood Medical Office Park

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    6884 Taft St
    Hollywood, FL 33024
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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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