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Property profile & analytics
OFF-MARKET
Estimated value
$3,730,000
Drug stores
1600 Federal Hwy Hollywood, FL 33020-6346
Entity Owned
~
Est. High Equity
Property ID
US18-0146657
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2011
Construction
CONCRETE
Total area
16,212 SF
Lot
1.55 ac (67,691 SF)
Zoning code
PR
APN
51-42-22-41-0010
UPID
US18-0146657
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
-
CVS Pharmacy Pharmacy
-
Citibank ATM Atm
-
CDReload - Online Bitcoin ATM Atm Money Transfer Service
-
UPS Access Point location Courier Service Postal Service
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.73M
Owner & transaction history
Narang Plaza INC
Narang Plaza INC
since 2026
7 recorded transactions
Zoning & alternative use
PR · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.8M
+5.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hollywood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,760,000
6.5%
$3,470,000
7%
$3,220,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,475,000
Current use
WAREHOUSE, STORAGE
$5,765,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$230 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$109,757
Tax year 2023
Assessed value
$4,895,960
Assessed 2023
Previous assessed
$4,524,540
+8.2% YoY
Effective rate
2.24%
On assessed value
Assessed land
$1,692,280
Assessed improvement
$3,203,680
Land market value
$1,692,280
Improvement market value
$3,203,680
Total market value
$4,895,960
Applied tax rate
513.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2011
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
16,212 SF
Lot
1.55 ac (67,691 SF)
Zoning code
PR
APN
51-42-22-41-0010
UPID
US18-0146657
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PR · Hollywood, FL
Zoning PR · permitted uses
PR · Hollywood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$5.8M
RETAIL STORES Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.55 ac
Current owner
From public records · entity-resolved
Narang Plaza INC
Entity
Mailing address
PO BOX 1610, COCKEYSVILLE, MD 21030-7610
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
$1,120,000
Narang Plaza INC
7 Eleven INC
Special Warranty Deed
—
Feb 3, 2014
$13,000,000
1600 Federal Hwy LLC
Esj Federal Investment LLC
Grant Deed
—
May 12, 2009
—
1600 Federal Investors LLC
First States Invtrs 4000f LLC
Quit Claim Deed
related
—
Apr 9, 2009
—
Esj Fedl Inv LLC
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 7, 2007
$6,300,000
Esj Federal Investment LLC
1600 Federal Investors LLC
Warranty Deed
$3,843,000 · Intervest National Bank
Apr 11, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Mar 30, 2005
$3,000,000
1600 Federal Investors LLC
First States Invtrs 4010 LLC
Grant Deed
$1,600,000 · Sazant Larry S (te)
Jul 20, 2004
$1,750,000
First States Invtrs 4010 LLC
First States Invtrs 4000c LLC
Grant Deed
related
—
Apr 14, 2003
—
First States Investors 4000c
Newco 1 LLC
Quit Claim Deed
related
—
Apr 14, 2003
$1,098,300
First States Investors 4000c
Prefco Five LP
Grant Deed
related
—
Apr 14, 2003
$342,500
First States Investors 4000c
Carolina-relco LP
Grant Deed
related
—
—
—
Esj Federal Investment LLC
—
Deed Of Trust
related
$3,761,457 · Intervest National Bank
—
—
Esj Federal Investment LLC
—
Deed Of Trust
related
$7,200,000 · Everbank
—
—
Esj Federal Investment LLC
—
Deed Of Trust
related
$2,250,324 · Intervest National Bank
—
—
Esj Federal Investment LLC
—
Deed Of Trust
related
$6,711,130 · Interaudi Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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