Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2960 Taft St Hollywood, FL 33020-1721

    • Grocery and convenience stores
    • 2,259 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    9.8%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US18-6016153
    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

    • Cash2Bitcoin Bitcoin ATM / Atm
    • Stop 'n' Shop Food Stores / Convenience Store

    Property Details for 2960 Taft St

    Year built
    1965
    Construction
    CONCRETE
    Lot size
    0.21 lot acres
    Property size
    2,259 SF
    Zone code
    TD
    Property type
    Grocery and convenience stores
    APN
    51-42-08-00-0011
    APU
    514208000011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $555,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $440,000
      Market price range: $359k - $864k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1677
    Latitude
    26.0255
    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
    $8,875
    $90,870
    $290,370
    $381,240
    -
    $90,870
    $290,370
    $381,240

    Comparable in this City

    • Value Estimation
      $455,000
      2,116 SF

      2445 Pembroke Rd

      CONVENIENCE STORE • 2,116 SF
      2445 Pembroke Rd, Hollywood, FL 33020-5864
      View Details
    • Value Estimation by Request
      1.37 Acres

      1891 Federal Hwy

      Automotive properties • 1.37 Acres
      1891 Federal Hwy, Hollywood, FL 33020
      View Details
    • Value Estimation by Request
      2,000 SF

      Hollywood Pl

      Individual retail properties • 2,000 SF
      0 Hollywood Pl, Hollywood, FL 33020
      View Details
    • Value Estimation
      $6,865,000
      23,375 SF

      1510 Federal Hwy

      GROCERY, SUPERMARKET • 23,375 SF
      1510 Federal Hwy, Hollywood, FL 33020-6344
      View Details
    • Value Estimation by Request

      1316 Dixie Hwy

      Individual retail properties
      1316 Dixie Hwy, Hollywood, FL 33020
      View Details
    • Value Estimation
      $570,000
      12,380 SF

      2325 Hollywood Blvd

      RETAIL STORES (PERSONAL SERVICES) • 12,380 SF
      2325 Hollywood Blvd, Hollywood, FL 33020-6708
      View Details

    Similar Nearby for Sale

    • $8,100,000
      5,636 SF

      Hollywood, FL Wawa Ground Lease

      Wawa ground lease with corporate guarantee and rental increases.
      1891 N Federal Hwy, Hollywood, FL 33020
      View Details
    • $990,000

      Hollywood Mixed-Use Redevelopment Opportunity

      Three adjacent properties with investment and redevelopment potential in Hollywood.
      2243 Simms St, Hollywood, FL 33020
      View Details
    • $210,000

      Established Mini-Market in Hollywood, FL

      Turnkey mini-market with loyal customer base in residential neighborhood.
      Hollywood, FL 33020
      View Details
    • $3,799,000

      Profitable Gas Station Business Opportunity

      Established gas station with convenience store and car wash in Hollywood.
      Hollywood, FL 33020
      View Details
    • Contact for pricing

      Updated Storefront on Tyler Street

      Updated storefront ideal for retail, salon, office, or cafe.
      2037 Tyler St, Hollywood, FL 33020
      View Details
    • Contact for pricing

      Office or Retail Space Available

      Office/retail space with offices, reception, kitchen, and bathroom.
      923 S 21St Ave, Hollywood, FL 33020
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      8,160 SF

      Hollywood Flex Space - 8,160 SF

      Downtown Hollywood corner building, 8,160 SF, ample parking.
      215-235 21St Ave, Hollywood, FL 33020
      View Details
    • Contact for pricing
      2,750 SF

      Freestanding Retail Building with Drive-Thru

      Retail building with drive-thru, high visibility, and ample parking.
      2310 N Federal Hwy, Hollywood, FL 33020
      View Details
    • $25 SF/Yr
      900 SF

      Storefront on US-1 For Rent

      900 SF storefront with direct frontage on US-1.
      924 N Federal Hwy, Hollywood, FL 33020
      View Details
    • Contact for pricing
      997 SF

      Oakwood Plaza Retail Space

      Open-air shopping center with high traffic and prime location.
      2908-2912 Oakwood Blvd, Hollywood, FL 33020
      View Details
    • $35 SF/Yr
      9,042 SF

      Freestanding Commercial Space on US1

      Freestanding building with frontage on Federal Highway in Hollywood, FL.
      2111 N Federal Hwy, Hollywood, FL 33020
      View Details
    • $30 SF/Yr
      26,572 SF

      Hollywood Mixed-Use Development Opportunity

      Mixed-use property with development potential in an opportunity zone.
      Hollywood, FL 33020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2960 Taft St
    Hollywood, FL 33020-1721
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.