Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$10,245,000
Office buildings
2216 Hollywood Blvd Hollywood, FL 33020-6702
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-4515303
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1972
Construction
CONCRETE
Total area
16,962 SF
Lot
1.03 ac (44,937 SF)
Zoning code
TC-1
APN
51-42-16-01-3000
UPID
US18-4515303
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
-
Rodriguez Joseph MD Pediatrician Physician
-
Stephanie R. Wallace, RPH Pharmacy
-
Dr. Raul A. Alvarez, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.21M
Blend (final)
Blend
$10.25M
Owner & transaction history
Florida Net Lease 72 Dst · 2 yrs held
Florida Net Lease 72 Dst
since 2023
Last sale
$11.9M
5 recorded transactions
Zoning & alternative use
TC-1 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.8M
+79.0%
Neighborhood: shopping center
$11.3M
+36.5%
Auto repair, garage
$10.0M
+20.5%
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
$11,430,000
ML approach
$9,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,290,000
Current use
RESTAURANT
$14,835,000
Change: +79% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$11,315,000
Change: +36% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,985,000
Change: +20% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,795,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,670,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$10.25M
Range $9.22M – $11.27M · ±10% · vs last sale $11.89M (Dec 29 2023)
Last sale anchor
$11.89M
Dec 29 2023
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
$604 / 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
$59,502
Tax year 2023
Assessed value
$2,513,820
Assessed 2023
Previous assessed
$2,513,820
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$898,740
Assessed improvement
$1,615,080
Land market value
$898,740
Improvement market value
$1,615,080
Total market value
$2,513,820
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
16,962 SF
Lot
1.03 ac (44,937 SF)
Zoning code
TC-1
APN
51-42-16-01-3000
UPID
US18-4515303
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
TC-1 · Hollywood, FL
Zoning TC-1 · permitted uses
TC-1 · 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
OFFICE BUILDING Current
Est. value
$8.3M
RESTAURANT
Est. value
$14.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.3M
AUTO REPAIR, GARAGE
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.7M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1972
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Florida Net Lease 72 Dst
Individual
Free & Clear · 2 yrs held
Mailing address
2958 COLUMBIA ST, TORRANCE, CA 90503-3806
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
$11,887,000
Florida Net Lease 72 Dst
Fortec B LLC
Special Warranty Deed
—
Feb 17, 2022
—
Fortec B LLC
Hanoy Holdings Twelve INC
Correction Deed
related
—
Jan 26, 2022
$4,100,000
Fortec B LLC
Hanoy Holdings Twelve INC
Warranty Deed
$6,300,000 · Rbi Mortgages LLC
Feb 8, 2017
$2,600,000
Hanoy Holdings Twelve INC
2216 Hollywood Offices LLC
Warranty Deed
related
$1,200,000 · Vfr Investments INC
Dec 30, 2015
$1,825,000
2216 Hollywood Offices LLC
Humana Medical Plan INC
Warranty Deed
$1,000,000 · Gavane Group LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2216 Hollywood Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
