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Property profile & analytics
FOR SALE
Warehouses
2216 N 20Th Ave Hollywood, FL 33020
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8947514
For Sale
1 / 53
$2,950,000
2216 N 20Th Ave, Hollywood, FL 33020
View Listing →
Property summary
AI-generated overview
This exceptional 5,556-square-foot freestanding warehouse in desirable East Hollywood, Florida, presents a fantastic opportunity. Situated on a spacious 14,756-square-foot fenced lot, this single-tenant building boasts a modern, fully built-out office/flex layout, making it ideal for a variety of businesses. The property features two drive-in bays and ample parking with 15 spaces. Its convenient location off Dixie Highway provides easy access to major transportation routes. Currently vacant and move-in ready, this property is perfect for an owner-user seeking a combination of office space and substantial storage. The zoning is DH-3. The building is a single-story structure with a total of one suite. The property's Broward County APN is 514203101060. This is a triple net lease opportunity with additional CAM charges. This is an excellent opportunity for businesses such as moving companies, transportation firms, general contractors, or construction companies needing both high-quality office space and secure storage.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1970
Construction
CONCRETE
Total area
2,790 SF
Lot
0.34 ac (14,756 SF)
Zoning code
DH-3
APN
51-42-03-10-1060
UPID
US18-8947514
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
-
Ciao Bella Salon Hair Salon
-
Cargo Transport Alliance Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$890k
Owner & transaction history
James Robert Ridgely III · 4 yrs held
James Robert Ridgely III
since 2022
Last sale
$865,000
6 recorded transactions
Zoning & alternative use
DH-3 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+37.4%
Commercial (general)
$1.3M
+27.1%
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
$1,005,000
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$995,000
Current use
OFFICE BUILDING
$1,365,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,260,000
Change: +27% · Conversion: Difficult
MEDICAL BUILDING
$980,000
Change: -1% · Conversion: Difficult
RETAIL STORES
$940,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $865k (May 11 2022)
Last sale anchor
$865k
May 11 2022
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
$319 / 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
$18,677
Tax year 2023
Assessed value
$789,030
Assessed 2023
Previous assessed
$629,220
+25.4% YoY
Effective rate
2.37%
On assessed value
Assessed land
$177,070
Assessed improvement
$611,960
Land market value
$177,070
Improvement market value
$611,960
Total market value
$789,030
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1970
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
2,790 SF
Lot
0.34 ac (14,756 SF)
Zoning code
DH-3
APN
51-42-03-10-1060
UPID
US18-8947514
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DH-3 · Hollywood, FL
Zoning DH-3 · permitted uses
DH-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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$995,000
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$940,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1970
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
James Robert Ridgely III
Individual
Mailing address
880 SE 2ND AVE, DANIA BEACH, FL 33004-4167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
—
James Robert Ridgely III
James R Ridgely III
Intrafamily Transfer
related
—
Aug 30, 2018
$865,000
James R Ridgely III
2216 North 20th LLC
Warranty Deed
—
Nov 23, 2016
—
2216 North 20th LLC
—
Deed
related
$625,000 · Seacoast National Bank
Jan 3, 2012
$475,000
2216 North 20th LLC
Elite Holdings Group Ix LLC
Warranty Deed
—
Dec 20, 2004
$450,000
Elite Holdings Group Ix LLC
David Mayer Lc
Warranty Deed
related
$337,500 · Commercial Bank Florida
—
—
Elite Holdings Group Ix LLC
—
Deed Of Trust
related
$510,000 · Regions Bank
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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