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Property profile & analytics
OFF-MARKET
Estimated value
$2,455,000
Retail residential properties
219 21st Ave Hollywood, FL 33020-4506
Entity Owned
7-yr Hold
Property ID
US18-0906376
Property summary
AI-generated overview
This exceptional 5,000 square foot office space is ideally situated in downtown Hollywood's historic Hemingway building. Currently available for lease, this single-tenant occupancy offers a fantastic opportunity for businesses seeking a prestigious address. The property is part of a larger two-story building, encompassing a total of 11,000 square feet, and is zoned CCC-1. The space boasts a wealth of modern amenities, including a brand-new private elevator, a newly installed ADA-compliant bathroom, and a state-of-the-art central air conditioning system, all recently completed by the landlord. Convenient street and city parking options are readily available nearby. This location is perfect for a wide range of professional office uses. A tenant improvement allowance is available to help customize the space to your specific needs. Common area maintenance (CAM) is estimated at $2.80 per square foot. The property is ready for occupancy beginning January 2024. The Assessor's Parcel Number (APN) is 514215011700.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1924
Construction
CONCRETE
Total area
10,378 SF
Lot
0.25 ac (10,800 SF)
Zoning code
ND-3
APN
51-42-15-01-1700
UPID
US18-0906376
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
-
Runas Peruvian Cuisine Bar & Pub
-
ATM Atm
-
The Tavern Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.46M
Owner & transaction history
Hemingways 219 LLC · 7 yrs held
Hemingways 219 LLC
since 2019
7 recorded transactions
Zoning & alternative use
ND-3 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Blend value · Realmo final
$2.46M
Range $2.21M – $2.70M · ±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
$237 / 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
$37,975
Tax year 2023
Assessed value
$1,475,160
Assessed 2023
Previous assessed
$1,475,160
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$118,800
Assessed improvement
$1,356,360
Land market value
$118,800
Improvement market value
$1,356,360
Total market value
$1,475,160
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1924
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
2
Units
8
Bathrooms
4
Total area
10,378 SF
Lot
0.25 ac (10,800 SF)
Zoning code
ND-3
APN
51-42-15-01-1700
UPID
US18-0906376
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
ND-3 · Hollywood, FL
Zoning ND-3 · permitted uses
ND-3 · 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.
Building & site characteristics
From public records
Year built
1924
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
8
Bathrooms
4
Lot
0.25 ac
Current owner
From public records · entity-resolved
Hemingways 219 LLC
Entity
Mailing address
560 BELLA VIS CT S, JUPITER, FL 33477-5504
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
Hemingways 219 LLC
—
Deed
related
$50,000 · First National Bank Of Coffee County
Sep 24, 2025
—
Hemingways 219 LLC
—
Deed
related
$1,000,000 · First National Bank Of Coffee County
May 30, 2019
$1,750,000
Hemingways 219 LLC
Russ Property LLC
Warranty Deed
$2,000,000 · Seacoast Nat'l Bk
Feb 6, 2013
—
Russ Property LLC
Mk Ventures INC
Grant Deed
related
—
Jan 30, 2013
$500,000
Russ Properties LLC
M K Ventures INC
Warranty Deed
—
Aug 25, 2000
$690,000
M K Ventures INC
Pecora,genre V & Donna A
Grant Deed
$448,500 · Landmark Bank
Jan 9, 1997
—
Us Small Business Admn
Caucci,anthony
Trustees Deed
related
—
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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