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Property profile & analytics
OFF-MARKET Estimated value $1,590,000
Motels

1010 Federal Hwy Hollywood, FL 33020-6026

12,211 SF 0.48 ac lot Built 1951
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-2493029
Property summary
AI-generated overview

This exceptional 30-key hotel in Hollywood, Florida presents a compelling investment opportunity. Boasting a 7.60% cap rate and 100% occupancy, the property generates a substantial net operating income (NOI) of $600,000. Built in 1955, this two-story, 12,211 square foot Art Deco-style hotel sits on a 21,058 square foot lot zoned FH-2. The property includes a desirable swimming pool and two storage rooms, complemented by a recently installed roof. Its prime location on South Federal Highway ensures high visibility and easy access, placing it within close proximity to the beach (5 minutes), the Arts Park, and a vibrant array of restaurants, shops, bars, and clubs. This established hotel offers significant potential for future growth and adaptation to evolving market demands, making it an attractive asset for discerning investors seeking a strong return in a desirable location. The asking price is $8,000,000.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1951
Construction CONCRETE
Total area 12,211 SF
Lot 0.48 ac (21,058 SF)
Zoning code FH-2
APN 51-42-22-10-2100
UPID US18-2493029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Beach & Town Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.42M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.59M
Owner & transaction history
9740 W Bay Harbor Dr LLC · 4 yrs held
9740 W Bay Harbor Dr LLC
since 2022
7 recorded transactions
2022
Price N/A
2021
$3.7M
2021
Price N/A
2008
Price N/A
2005
Price N/A
1998
$880,000
1969
Price N/A
Zoning & alternative use
FH-2 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

FH-2 - Federal Highway Medium-High Intensity Mixed-Use District Uses Main Permitted Uses Accessory Uses Special Exception Uses Prohibited Uses Adult Educational Facilities 1 Amusement Uses (Indoor and Outdoor) Antique, Consignment, Collectible, and Vintage Store Artisan and Maker Manufacturing and Space Assembly of Pre-manufactured Parts for Sale on Premises…

Zone name Federal Highway Medium High Intensity Mixed Use District
General category MIXED_USE
Zone area 189.60 ac
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