Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2144 Johnson St Hollywood, FL 33020-3969
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2144 Johnson St Hollywood, FL 33020-3969

    View on Map
    • Warehouses
    • 11,456 SF
    • 0.97 lot acres
    Off-Market
    Last Sale Oct 26, 2020
    $1,700,000
    Property ID
    US18-1429177
    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
    $1,770,000
    Show details
    Cap Rate Potential
    3.6%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Miami Transportations / Car Rental Facility
    • LV Auto LLC / Auto Repair Shop / Vehicle Inspection Center
    • The Raveco Group / Corporate Office
    • Hollywood Car Shop / Auto Repair Shop
    • Max Body Shop & Paint / Auto Repair Shop

    Property Details for 2144 Johnson St

    Year built
    1953
    Construction
    CONCRETE
    Lot size
    0.97 lot acres
    Property size
    11,456 SF
    Zone code
    DH-3
    Property type
    Warehouses
    APN
    51-42-16-01-0070
    APU
    514216010070

    Description

    This exceptional investment opportunity presents a thriving body shop business in Hollywood, Florida, asking $550,000. Located at 2144 Johnson St, 33020, this special purpose property boasts a strong 5-year lease with a renewal option, ensuring immediate and long-term income potential. The facility, built in 1953, is fully equipped for efficient operation, featuring two spray booths and three frame machines. Ample space is available both indoors and outdoors, providing ample room for workflow and storage. The property also includes valuable outdoor amenities such as a high-quality tent, secure fencing, and a parking area. Security cameras are installed for added peace of mind. All necessary licenses are current and in good standing. This turnkey operation benefits from a prime location in the heart of Hollywood, ensuring high visibility and convenient access for customers. The property's strong lease and established business make this an attractive investment opportunity with significant potential for growth and profitability. This is a rare chance to acquire a well-established and profitable business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,055,000
      6.5%
      $1,900,000
      7%
      $1,765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,779,000
      Market price range: $763k - $3.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1507
    Latitude
    26.0183
    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
    $42,347
    $337,840
    $1,517,020
    $1,854,860
    -
    $337,840
    $1,517,020
    $1,854,860

    Comparable in this City

    • Value Estimation by Request
      19,000 SF

      2040 Liberty St

      Distribution properties • 19,000 SF
      2040 Liberty St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      701 Federal Hwy

      Restaurants
      701 Federal Hwy, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      826- Dixie Hwy

      Distribution properties
      826- Dixie Hwy, Hollywood, FL 33020
      View Details
    • Value Estimation
      $2,590,000
      14,919 SF

      2120 Wiley St

      WAREHOUSE, STORAGE • 14,919 SF
      2120 Wiley St, Hollywood, FL 33020-6265
      View Details
    • Value Estimation
      $1,635,000
      7,020 SF

      2059 Scott St

      WAREHOUSE, STORAGE • 7,020 SF
      2059 Scott St, Hollywood, FL 33020
      View Details
    • Value Estimation
      $12,505,000
      97,852 SF

      430 Dixie Hwy

      MINI-WAREHOUSE, STORAGE • 97,852 SF
      430 Dixie Hwy, Hollywood, FL 33020-4403
      View Details

    Similar Nearby for Lease

    • $24,000

      Hollywood Industrial Warehouse For Rent

      7800 sq ft warehouse with offices and AC.
      2950 N 28Th Ter, Hollywood, FL 33020
      View Details
    • Contact for pricing
      98,860 SF

      Industrial Space Near I-95

      Industrial space for rent with highway access in Hollywood, Florida.
      2910 Stirling Rd, Hollywood, FL 33020
      View Details
    • $127 SF/Yr
      1,176 SF

      Hollywood Warehouse - Dixie Hwy Corner

      1,176 sq ft warehouse, ½ acre lot, great visibility.
      1708 Dixie Hwy, Hollywood, FL 33020
      View Details
    • Sponsored
      New
      Contact for pricing

      Fl, Hollywood - 1895 Tyler Street

      Workspaces, services and support to help you work better in Fl, Hollywood - 1895 Tyler Street
      1895 Tyler St, 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.
    2144 Johnson St
    Hollywood, FL 33020-3969
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!