2243 Simms St Hollywood, FL 33020
Property Lookup
Property profile & analytics
2243 Simms St Hollywood, FL 33020
- Retail space
- 3,478 SF
- 0.11 lot acres
Property ID
US18-0906372
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.
Location Intelligence
Current Use by Public Records
- Grant Market / Grocery & Convenience Store / Food Market
- Amazon Locker - Yidnek / Postal Service / Courier Service
Property Details for 2243 Simms St
- Year built
- 1959
- Construction
- CONCRETE
- Lot size
- 0.11 lot acres
- Property size
- 3,478 SF
- Zone code
- RS-1
- Property type
- Retail space
- APN
- 51-42-04-01-1260
- APU
- 514204011260
Description
This exceptional investment opportunity in Hollywood, Florida, presents a portfolio of three adjacent properties totaling 4,138 square feet on a 12,500 square foot lot, priced at $650,000. The portfolio includes a 3,478 square foot former supermarket building situated on a 5,000 square foot lot at 2243 Simms Street, a 660 square foot, two-bedroom, one-bathroom single-family home on a separate 5,000 square foot lot at 2237 Simms Street, and a 2,500 square foot vacant residential lot (Parcel ID# 514204011240). Currently vacant, this portfolio offers significant upside potential. The properties are located in a designated Opportunity Zone, presenting attractive tax advantages. While the current NOI is $0, a pro-forma NOI of $60,000 projects a compelling 9.23% pro-forma cap rate. Built in 1959, this portfolio presents a unique chance to reposition these assets and capitalize on the vibrant Hollywood market. The properties are zoned for mixed-use, allowing for diverse development options. This is a rare opportunity to acquire a multi-property portfolio in a prime location with substantial redevelopment potential. The properties are ready for an investor to add their vision and create a profitable venture.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.1531
- Latitude
- 26.0366
- 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
$10,406
$30,010
$400,420
$430,430
-
$30,010
$400,420
$430,430
