2480 Park Rd Hollywood, FL 33021-3744
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Five Star Premier Residences of Hollywood Nursing Home Retirement Community
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Classic Residence Hollywood Community Center
1. The building must be located in a NFHR-12 (only from Johnson Street to Sheridan Street between Dixie Highway and Federal Highway), RM-18, RM-25, BWK-25 or BRT-25 multiple family residential or commercial district or in the Community Redevelopment Area, and originally constructed as a single family residence. The structure may have original auxiliary struc…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
RM-18 · Hollywood, FL1. The building must be located in a NFHR-12 (only from Johnson Street to Sheridan Street between Dixie Highway and Federal Highway), RM-18, RM-25, BWK-25 or BRT-25 multiple family residential or commercial district or in the Community Redevelopment Area, and originally constructed as a single family residence. The structure may have original auxiliary structures such as a detached garage or servant's residence. 2. The use shall only be permitted in existing buildings and/or additions thereto, if the building is restored to its original appearance. 3. The owner of the bed and breakfast inn shall permanently reside in the building. 4. The structure shall maintain public rooms (living room/dining room) for use of the guests. 5. The size and number of guest rooms in a bed and breakfast inn shall conform to the following: a. The structure shall be allowed to maintain (or restore) the original number and size of bedrooms which, with the exception of rooms occupied by the owner may be rented to guests. b. Historic auxiliary structures, such as detached garages and servants' residences may be converted to guest rooms. New bedrooms constructed shall have a minimum size of 200 sq. ft. and shall have a private bathroom. c. Architecturally compatible additions not exceeding 25% of the floor area of the building shall be permitted to accommodate emergency stairs, other fire safety requirements and new bathrooms. Additions shall be consistent with required setbacks and shall not be located on primary or highly visible elevations. d. If there is evidence of interior alterations and original building plans are not available, the guest rooms shall be restored to their probable original size and configuration. 6. There shall be no cooking facilities/equipment in guest rooms. One small refrigerator with maximum capacity of 5 cu.ft. shall be permitted in each guest room. All cooking equipment which may exist shall be removed from the structure with the exception of a single main kitchen of the house. 7. Breakfast shall be the only meal served on the premises and shall only be served to registered guests. No other meals shall be provided. The room rate shall be inclusive of meal(s) if they are to be made available; there shall be no additional charge for any meal. Permitted meals may be served in common rooms, guest rooms or on outside terraces (see division 8 below). The meal service is not considered an accessory use and is not entitled to an outside sign. 8. Permitted meals may be served in areas outside of the building under the following conditions: a.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.