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Property profile & analytics

231 61st Ter Hollywood, FL 33024

  • Warehouses
  • 515 SF
  • 0.89 lot acres
OFF-MARKET
Last Sale
May 20, 2024
Value Estimations
$360,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US18-9743767
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

  • Warehouses

Property Details for 231 61st Ter

Year built
1952
Construction
CONCRETE
Lot size
0.89 lot acres
Property size
515 SF
Zone code
C-MU
Property type
Warehouses
APN
51-41-13-06-0430
APU
514113060430

Description

This exceptional 19,300 square foot vacant lot presents a unique investment opportunity in Hollywood, Florida. Located at 231 N 61st Ter, 33024, this property boasts versatile C-MU zoning, allowing for a wide range of development possibilities. Potential uses include commercial ventures, live-work spaces, multi-family residential buildings, single-family homes, lodging facilities, office spaces, places of worship, schools, and various other commercial applications. Currently utilized as a storage yard, the land offers significant redevelopment potential. Its prime location provides unparalleled accessibility. Situated less than a block from the Florida Turnpike and within three miles of I-95, this property enjoys exceptional connectivity to major transportation arteries. Furthermore, its proximity to the ocean (within five miles), shopping centers, the airport, and major metropolitan areas such as Miami and Fort Lauderdale, enhances its desirability and potential for high returns. The asking price for this remarkable property is $799,999. This is a rare chance to acquire a strategically located parcel with immense development potential in a thriving South Florida market. Don't miss this opportunity to capitalize on the vibrant growth of Hollywood.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $450,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $274,000
    Market price range: $118k - $274k

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


Location Insight

  • Map
  • Local Demand
City
Hollywood
County
Broward
State
Florida
Longitude
-80.2107
Latitude
26.012
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
$13,107
$503,140
$40,090
$543,230
-
$503,140
$40,090
$543,230
More about this property
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