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Property profile & analytics
OFF-MARKET Estimated value $885,000
Hotels

1743 Wiley St Hollywood, FL 33020-6550

4,023 SF 0.25 ac lot Built 1952
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US18-1048347
Property summary
AI-generated overview

This charming, 12-key, pet-friendly motel in Hollywood, Florida presents a compelling value-add investment opportunity. Located at 1743 Wiley St, in Broward County, zip code 33020 (25.9997986, -80.1420349), this single-story, 1952-built property boasts 100% occupancy and a current NOI of $121,000, yielding a 5.5% cap rate. The asking price is $2,200,000. However, pro forma projections indicate a significantly higher 7% cap rate, showcasing substantial upside potential for the savvy investor. Its convenient location offers easy access to the beach and major metropolitan areas such as Fort Lauderdale and Miami, ensuring a consistent stream of tourist traffic. The pet-friendly nature of the motel further enhances its appeal to a broader market segment. Seller financing is available. This property represents a rare chance to acquire a well-situated, income-generating asset with strong potential for increased profitability. The current high occupancy rate demonstrates the property's inherent appeal and market demand. This is an ideal opportunity for investors seeking a stable, high-return investment in the thriving South Florida hospitality market.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1952
Construction CONCRETE
Total area 4,023 SF
Lot 0.25 ac (10,925 SF)
Zoning code FH-2
APN 51-42-22-09-0550
UPID US18-1048347
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
  • Richard’s Pet Friendly Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$885k
CAP Approach CAP
$465k
Comparable Approach Comparable
$605k
Blend (final) Blend
$885k
Owner & transaction history
Bedc Investments INC · 10 yrs held
Bedc Investments INC
since 2015
7 recorded transactions
2020
Price N/A
2015
$650,000
2000
$285,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
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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