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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Motels
2223 Washington St, Hollywood, FL 33020-5962
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-5499024
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
CONCRETE
Total area
5,121 SF
Lot
0.48 ac (20,912 SF)
Zoning code
DH-2
APN
51-42-16-01-1230
UPID
US18-5499024
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$560k
Owner & transaction history
2223 Washington LLC · 11 yrs held
2223 Washington LLC
since 2014
5 recorded transactions
Zoning & alternative use
DH-2 · 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
$515,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$595,000
7%
$550,000
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$109 / 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
$15,614
Tax year 2023
Assessed value
$682,920
Assessed 2023
Previous assessed
$610,210
+11.9% YoY
Effective rate
2.29%
On assessed value
Assessed land
$188,210
Assessed improvement
$494,710
Land market value
$188,210
Improvement market value
$494,710
Total market value
$682,920
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1961
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
12
Bathrooms
8
Total area
5,121 SF
Lot
0.48 ac (20,912 SF)
Zoning code
DH-2
APN
51-42-16-01-1230
UPID
US18-5499024
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DH-2 · Hollywood, FL
Zoning DH-2 · permitted uses
DH-2 · 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
1961
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
12
Bathrooms
8
Lot
0.48 ac
Current owner
From public records · entity-resolved
2223 Washington LLC
Entity
Free & Clear · 11 yrs held
Mailing address
4952 SW 38TH WAY, FORT LAUDERDALE, FL 33312-8239
Ownership since
2014
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
Oct 2, 2014
—
2223 Washington LLC
Hamid,ramdai
Quit Claim Deed
related
—
Nov 7, 2013
—
Ramdai Hamid
Hamid,mubeen A
Quit Claim Deed
related
—
Jun 26, 2007
$350,000
Ramdai Hamid
Hamid Sayed A Trust
Quit Claim Deed
related
—
Sep 26, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Sayed A Hamid
—
Deed Of Trust
related
$142,966 · First Union National 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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