1201 Federal Hwy Hollywood, FL 33020-6029
Property profile & analytics
1201 Federal Hwy Hollywood, FL 33020-6029
- Motels
- 3,582 SF
- 0.23 lot acres
Property ID
US18-1750435
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.
Location Intelligence
Current Use by Public Records
- Shell Motel Hollywood / Hotel & Motel
Property Details for 1201 Federal Hwy
- Year built
- 1952
- Construction
- CONCRETE
- Lot size
- 0.23 lot acres
- Property size
- 3,582 SF
- Zone code
- FH-2
- Property type
- Motels
- APN
- 51-42-22-09-0950
- APU
- 514222090950
Description
This exceptional investment opportunity presents a 28-key hotel in Hollywood, Florida, boasting a recent 2023 renovation. The 9,837 square foot property, built in 1952 and comprised of four single-story buildings, offers a stabilized NOI of $458,000 and a pro-forma NOI of $556,000, translating to a 6.20% cap rate and a pro-forma cap rate of 7.60%, respectively. The asking price is $7,100,000, or $721.76 per square foot and $253,571.43 per key. The property's strategic location between Fort Lauderdale Airport and Miami offers significant upside potential. The motel features 15 recently renovated rooms, and the property includes additional multifamily units (details available upon request). This presents a compelling opportunity for investors seeking a strong return in a prime South Florida location. The property's roof was completed in 2023. Additional buildings on the property include a four-unit building with a roof approximately 10 years old, a seven-unit apartment building (all one-bedroom, one-bathroom units) with a roof approximately 10 years old, and a duplex with large one-bedroom, one-bathroom units and a four-year-old roof.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $455,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $450,000
- 6.5%
- $415,000
- 7%
- $385,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $723,000
Market price range: $399k - $955k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1425
- Latitude
- 26.0011
- 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
$16,762
$177,070
$779,650
$956,720
-
$177,070
$779,650
$956,720
