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Property profile & analytics
OFF-MARKET Estimated value $7,330,000
Assisted living facilities

1222 16th Ave Hollywood, FL 33020-3741

12,453 SF 0.64 ac lot Built 1965
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-5506878
Property profile
Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1965
Construction CONCRETE
Total area 12,453 SF
Lot 0.64 ac (27,988 SF)
Zoning code RM-12
APN 51-42-10-17-0320
UPID US18-5506878
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
  • North-Lake Retirement Home Retirement Community Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.27M
Blend (final) Blend
$7.33M
Owner & transaction history
Northlake Avenue Holdings LLC · 1 yrs held
Northlake Avenue Holdings LLC
since 2024
Last sale
$7.3M
7 recorded transactions
2026
Price N/A
2024
$7.3M
2022
Price N/A
2019
Price N/A
2018
Price N/A
2016
Price N/A
2015
$2.5M
Zoning & alternative use
RM-12 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

a. Not permitted in Single Family Districts, RM-9, RM-12 and RM-18 Districts. Further, no tower shall be within 400 ft. of a single family district. b. All other districts: Special Exception and Site Plan Review required. 2. Special exception review criteria: a. The specific location which is proposed for the tower must be necessary to provide service to a p…

Zone name Medium Density Multiple Family
General category RESIDENTIAL
Zone area 255.71 ac
Top alternative use upside
Restaurant $10.9M +134.7%
Neighborhood: shopping center $8.3M +79.0%
Auto repair, garage $7.3M +58.0%
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