Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2223 Washington St Hollywood, FL 33020-5962

    • Motels
    • 5,121 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    7.5%
    Motels
    Location Intelligence
    Property ID
    US18-5499024
    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.

    Current Use by Public Records

    • Motels

    Property Details for 2223 Washington St

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    0.48 lot acres
    Property size
    5,121 SF
    Zone code
    DH-2
    Property type
    Motels
    APN
    51-42-16-01-1230
    APU
    514216011230

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $640,000
      6.5%
      $595,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $570,000
      Market price range: $570k - $1.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1516
    Latitude
    26.0042
    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
    $15,614
    $188,210
    $494,710
    $682,920
    -
    $188,210
    $494,710
    $682,920

    Comparable in this City

    • Value Estimation
      $860,000
      8,471 SF

      1501 Federal Hwy

      MOTEL • 8,471 SF
      1501 Federal Hwy, Hollywood, FL 33020-6343
      View Details
    • Value Estimation
      $835,000
      12,211 SF

      1010 Federal Hwy

      MOTEL • 12,211 SF
      1010 Federal Hwy, Hollywood, FL 33020-6026
      View Details
    • Value Estimation
      $745,000
      4,023 SF

      1743 Wiley St

      HOTEL/MOTEL • 4,023 SF
      1743 Wiley St, Hollywood, FL 33020-6550
      View Details
    • Value Estimation by Request
      3,093 SF

      2742 Johnson St

      MOTEL • 3,093 SF
      2742 Johnson St, Hollywood, FL 33020-3824
      View Details
    • Value Estimation
      $440,000
      2,879 SF

      1734 Mckinley St

      MOTEL • 2,879 SF
      1734 Mckinley St, Hollywood, FL 33020-2852
      View Details
    • Value Estimation
      $405,000
      832 SF

      2000 Federal Hwy

      MOTEL • 832 SF
      2000 Federal Hwy, Hollywood, FL 33020-2226
      View Details

    Similar Nearby for Sale

    • $7,500,000
      8,666 SF

      Hollywood Redevelopment Opportunity Near Young Circle

      Prime .62-acre redevelopment site with income-producing motel near Young Circle.
      418 S Federal Hwy, Hollywood, FL 33020
      View Details
    • $7,200,000
      0.62 Acres

      Hollywood Motel Redevelopment Opportunity

      30-key motel, prime redevelopment site.
      418 Federal Hwy, Hollywood, FL 33020
      View Details
    • $8,000,000
      12,211 SF

      Beachfront Hotel Investment Opportunity

      High-Return Florida Hotel, 30 Keys
      1010 Federal Hwy, Hollywood, FL 33020
      View Details
    • $1,900,000

      Downtown Hollywood Mixed-Use Gem

      Prime location with diverse income potential in a transforming community.
      2040 N Polk St, Hollywood, FL 33020
      View Details
    • $2,000,000

      Hollywood Multifamily Development Opportunity

      Half-acre lot, high-density zoning, 57-unit potential.
      2015 Coolidge St, Hollywood, FL 33020
      View Details
    • $6,500,000
      19,448 SF

      Hollywood Office Building - $6.5M

      19,448 SF Office Building, Vacant, High ROI
      2055 Liberty St, Hollywood, FL 33020
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      26,572 SF

      Hollywood Mixed-Use Development Opportunity

      Mixed-use property with development potential in an opportunity zone.
      Hollywood, FL 33020
      View Details
    • $37 SF/Yr
      760 SF

      Hollywood Blvd Office Space

      750 sq ft Corner Office, Prime Location
      2450 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $0.60 SF/Yr
      100,000 SF

      Hollywood Blvd Office Space For Lease

      100,000 SF Office, Prime Location, Newly Renovated
      6030 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $0.16 SF/Yr
      1,550 SF

      Hollywood Warehouse - 1550 SF

      Prime Hollywood warehouse, 6 parking spaces. Ideal for distribution.
      2339 Hayes St, Hollywood, FL 33020
      View Details
    • $0.24 SF/Yr
      56,000 SF

      Hollywood Blvd Office Space For Lease

      Prestigious Office, 56,000 sq ft, Hollywood
      2450 Hollywood Blvd, Hollywood, FL 33020
      View Details
    • $45 SF/Yr
      49,609 SF

      ICON Office Space: Hollywood, FL

      Downtown Hollywood's premier Class A office building.
      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.
    2223 Washington St
    Hollywood, FL 33020-5962
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.