Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1818 Sheridan St Hollywood, FL 33020-2113
    Back to Search
    Property profile & analytics

    1818 Sheridan St, Hollywood, FL 33020-2113

    View on Map
    • Office buildings
    • 7,499 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Dec 24, 2024
    $2,830,000
    Property ID
    US18-3443187
    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.
    Value Estimations
    $2,830,000
    Show details
    Cap Rate Potential
    5.5%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Prime Water Damage Restoration Hollywood FL / Hardware & Home Improvement / Construction Company
    • JC’s Recovery Center | Drug & Alcohol Treatment / Medical Clinic
    • American Metabolic Laboratories / Medical Laboratory
    • Edvantage Marketing Group / Advertising Agency / Marketing & Advertising
    • Artkaza Decor / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement

    Property Details for 1818 Sheridan St

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.41 lot acres
    Zone code
    SS
    Property type
    Office buildings
    APN
    51-42-10-35-0020
    APU
    514210350020

    Description

    Exceptional opportunity to acquire a fully stabilized and renovated 7,499 square foot medical office building in Hollywood, Florida. This single-tenant property boasts a strong 7.65% cap rate and a substantial net operating income of $218,760 annually, with a lease extending to January 1, 2030 (5.1 years remaining). The building, situated on a 17,780 square foot lot at the corner of Sheridan Street and US-1, benefits from excellent visibility and accessibility, being conveniently located 1.2 miles from I-95 and just 4 miles from Fort Lauderdale International Airport and Hollywood Beach. Recent extensive renovations include a new flat roof, AC units, elevator, asphalt parking lot, electrical system, gutters, exterior paint, landscaping, sprinkler system, fence, rolling gates, and tile upgrades in common areas. The property is 100% occupied under a Net Net lease, with real estate taxes representing the primary landlord expense. A full inspection report and environmental report are available. The permitted zoning is SS. This is a turnkey investment ideal for a passive income portfolio. Asking price: $2,860,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,830,000
      ML approach
      $2,830,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,575,000
      6.5%
      $2,375,000
      7%
      $2,205,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,786,000
      Market price range: $971k - $4.44M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,665,000
      Current use
      AUTO REPAIR, GARAGE
      $4,415,000
      Change: +20% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $3,445,000
      Change: -6% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,390,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1441
    Latitude
    26.0333
    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
    $46,032
    $266,700
    $1,758,730
    $2,025,430
    -
    $266,700
    $1,758,730
    $2,025,430

    Comparable in this City

    • Value Estimation
      $7,120,000
      24,179 SF

      2227 Federal Hwy

      OFFICE BUILDING (MULTI-STORY)
      2227 Federal Hwy, Hollywood, FL 33020-2229
      View Details
    • Value Estimation
      $13,455,000
      45,681 SF

      2741 29th Ave

      OFFICE BUILDING (MULTI-STORY)
      2741 29th Ave, Hollywood, FL 33020-1503
      View Details
    • Value Estimation
      $5,340,000
      24,219 SF

      2514 Hollywood Blvd

      OFFICE BUILDING (MULTI-STORY)
      2514 Hollywood Blvd, Hollywood, FL 33020-6614
      View Details
    • Value Estimation
      $2,075,000
      6,858 SF

      2445 Hollywood Blvd

      OFFICE BUILDING
      2445 Hollywood Blvd, Hollywood, FL 33020-6605
      View Details
    • Value Estimation
      $1,170,000
      3,706 SF

      2432 Hollywood Blvd

      OFFICE BUILDING
      2432 Hollywood Blvd, Hollywood, FL 33020-6607
      View Details
    • Value Estimation
      $6,895,000
      31,345 SF

      3250 29th Ave

      OFFICE BUILDING (MULTI-STORY)
      3250 29th Ave, Hollywood, FL 33020-1313
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo

      Freestanding Office Building For Rent

      Two-story office building available for rent on Hollywood Blvd.
      2435 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $1.00 SF/Yr
      21,820 SF

      Downtown Hollywood Office Leasing Opportunity

      Prime office space in vibrant downtown Hollywood location.
      1940 Harrison St, Hollywood, FL 33020
      View Details
    • $35 SF/Yr
      11,543 SF

      Turnkey Office Building For Lease

      2,200 SF office space ideal for medical, legal, or executive.
      795 S Federal Hwy, Hollywood, FL 33020
      View Details
    • $1,200 /Mo
      43,560 SF

      Boutique Office Building in Hollywood

      Office spaces with various styles, sizes, and included utilities.
      2719 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • Contact for pricing

      Downtown Hollywood Office and Retail

      Premier office and retail building in Downtown Hollywood.
      1930 Harrison St, Hollywood, FL 33020
      View Details
    • Contact for pricing

      High-Traffic Retail/Office Space Available

      Retail/office units on Pembroke Road, high visibility and access.
      2467-2471 Pembroke Rd, Hollywood, FL 33020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1818 Sheridan St
    Hollywood, FL 33020-2113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1818 Sheridan St, Hollywood, FL, 33020
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!