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

    1203 17Th Ct Hollywood, FL 33020

    • Multifamily properties
    • 3,489 SF
    • 0.13 lot acres
    For Sale
    View listing
    $1,650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2026978
    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

    • Multifamily properties

    Property Details for 1203 17Th Ct

    Year built
    1952
    Lot size
    0.13 lot acres
    Property size
    3,489 SF
    Property type
    Multifamily properties

    Description

    This exceptional 8-unit multifamily property, situated at 1203 N 17th Ct in Hollywood, Florida, presents a lucrative investment opportunity. Spanning 3,489 square feet on a 0.13-acre lot, this property is ideally located just two minutes from the bustling Young Circle in downtown Hollywood. The building comprises seven one-bedroom, one-bathroom units and one spacious studio apartment. Recent upgrades significantly enhance the property's value and appeal. These improvements include brand-new impact windows, a three-year-old roof, and modernizations within most units. These modernizations encompass new appliances, updated flooring, renovated bathrooms, and improved lighting fixtures. The property's prime location offers residents easy access to a vibrant array of restaurants, shopping centers, and the beautiful Hollywood Beach. At full occupancy, this property projects an annual rental income of approximately $192,000, reflecting strong market demand. The seller is offering financing options, making this an even more attractive proposition for discerning investors. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.14191
    Latitude
    26.02179

    Comparable in this City

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      Hollywood Multifamily Value-Add Opportunity

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      Hollywood Development Opportunity

      20,500 SF lot with approved plans for 30 units.
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    Similar Nearby for Sale

    • $1,700,000
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      Hollywood Multifamily Value-Add Opportunity

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      1215 17Th Ct, Hollywood, FL 33020
      View Details
    • $850,000

      Multifamily Property Investment Opportunity

      Turnkey multifamily property with long-term tenants and immediate income.
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    • $2,500,000
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      Hollywood 10-Unit Apartment Complex

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    • $5,500,000
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      Hollywood Multifamily Development Opportunity

      Prime Hollywood property zoned for multifamily and live-work development.
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    • $1,130,000
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      Hollywood Development Opportunity

      20,500 SF lot with approved plans for 30 units.
      2815 Jackson St, Hollywood, FL 33020
      View Details
    • $3,475,000

      East Hollywood Multifamily Investment Portfolio

      Six income-producing properties in East Hollywood with development potential.
      2226-2243 Cleveland St, Hollywood, FL 33020
      View Details

    Similar Nearby for Lease

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      Hollywood Apartment with Modern Amenities

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      Large studio apartment featuring a separate kitchen, laundry, and patio.
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    • $1,600 /Mo

      Hollywood Apartment for Rent

      One bedroom, one bathroom apartment with new stove and paint.
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    • $1,300 /Mo

      Updated Residence Near Hollywood Beaches

      Updated residence near beaches, dining, shopping, and major highways.
      1810 Cleveland St, Hollywood, FL 33020
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    • $1,900 /Mo

      Furnished 1-Bedroom Near Hollywood Beach

      Furnished 1-bedroom apartment near Hollywood Beach with utilities included.
      2618 Lincoln St, Hollywood, FL 33020
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    • $2,575 /Mo

      Charming Apartment with Private Pool

      Three-bedroom apartment featuring a private pool and updated bathroom.
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    1203 17Th Ct
    Hollywood, FL 33020
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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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