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    2705 Hollywood Blvd Hollywood, FL 33020-4821
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    Property profile & analytics

    2705 Hollywood Blvd, Hollywood, FL 33020-4821

    View on Map
    • Auto shops
    • 7,722 SF
    • 0.38 lot acres
    Off-Market
    Property ID
    US18-5544064
    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.
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Highland Garden Handyman & Painter / Hardware & Home Improvement / General Contractor

    Property Details for 2705 Hollywood Blvd

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    0.38 lot acres
    Zone code
    RC-1
    Property type
    Auto shops
    APN
    51-42-16-02-3250
    APU
    514216023250

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 29, 2023 — Enarjay Holdings LLC — Deed · related $640k · Locality Bank
    Oct 30, 2015 $935,000 Enarjay Holdings LLC Nardis III INC Grant Deed · related $740k · Evolve Bk&tr
    — — Nardis III INC — Deed Of Trust · related $100k · Bankatlantic Fsb
    — — Nardis III INC — Deed Of Trust · related $300k · Union Bank Of Florida
    — — Nardis Ill INC — Deed Of Trust · related $378k · Bankatlantic Fsb

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,050,000
      Market price range: $705k - $2.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1616
    Latitude
    26.0114
    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
    $24,231
    $335,100
    $586,700
    $921,800
    -
    $335,100
    $586,700
    $921,800

    Comparable in this City

    • Value Estimation by Request
      1,176 SF

      1708 Dixie Hwy

      AUTO REPAIR, GARAGE
      1708 Dixie Hwy, Hollywood, FL 33020-2632
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    • Value Estimation by Request
      1,755 SF

      3000 22nd Ave

      AUTO REPAIR, GARAGE
      3000 22nd Ave, Hollywood, FL 33020-1404
      View Details
    • Value Estimation
      $510,000
      6,816 SF

      1008 Dixie Hwy

      AUTO REPAIR, GARAGE
      1008 Dixie Hwy, Hollywood, FL 33020-5945
      View Details
    • Value Estimation by Request
      1,205 SF

      1300 Dixie Hwy

      AUTO REPAIR, GARAGE
      1300 Dixie Hwy, Hollywood, FL 33020-3049
      View Details
    • Value Estimation
      $625,000
      6,498 SF

      2130 Johnson St

      AUTO REPAIR, GARAGE
      2130 Johnson St, Hollywood, FL 33020-3969
      View Details
    • Value Estimation
      $520,000
      1,110 SF

      1716 Dixie Hwy

      AUTO REPAIR, GARAGE
      1716 Dixie Hwy, Hollywood, FL 33020-2632
      View Details

    Similar Nearby for Sale

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      Established Auto Body Shop Business

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    • $599,000

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      Long-standing automotive paint and repair shop with sublease income.
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    • $5,400,000
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      Auto Body Shop For Sale

      Turn-key auto body shop and prime real estate opportunity.
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      3,360 SF

      Freestanding Automotive Repair Opportunity

      Landmark automotive repair business for sale with equipment included.
      123 Auto Care Hwy, Hollywood, FL 33020
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      584 SF

      Automotive Facility on High-Traffic Corridor

      Licensed automotive facility with high visibility and frontage.
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      10,000 SF Parking Lot

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    Similar Nearby for Lease

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      Turnkey Automotive Facility on Dixie Highway

      Move-in-ready automotive facility with 75-car capacity on high-traffic highway.
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      Freestanding Commercial Space on US-1

      Commercial space with frontage on US-1 in Hollywood, Florida.
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      1,581 SF

      Hollywood Retail Garage Space For Rent

      Retail space available in a City of Hollywood parking garage.
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      High-Traffic Retail/Office Space Available

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    Hollywood, FL 33020-4821
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    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
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