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

    3101 29th Ave, Unit 3129 Hollywood, FL 33020-1323

    • Distribution centers
    • 53,314 SF
    • 3.38 lot acres
    OFF-MARKET
    Last Sale
    Jul 01, 2024
    $2,440,900
    Value Estimations
    $2,440,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5035259
    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

    • UPS Customer Center / Mailing Service / Shipping Service

    Property Details for 3101 29th Ave

    Year built
    1982
    Construction
    CONCRETE
    Lot size
    3.38 lot acres
    Property size
    53,314 SF
    Zone code
    IM-1
    Property type
    Distribution centers
    APN
    51-42-04-04-0130
    APU
    514204040130

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,440,000
      ML approach
      $2,440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1652
    Latitude
    26.0383
    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
    $115,663
    $1,179,090
    $4,652,200
    $5,831,290
    -
    $1,179,090
    $4,652,200
    $5,831,290

    Comparable in this City

    • Value Estimation
      $950,000
      19,746 SF

      4001 29th Ave

      DISTRIBUTION WAREHOUSE • 19,746 SF
      4001 29th Ave, Hollywood, FL 33020-1011
      View Details
    • Value Estimation by Request

      2027-2047 Thomas St

      Distribution properties
      2027-2047 Thomas St, Hollywood, FL 33020
      View Details
    • Value Estimation by Request

      1950 Hayes St

      Distribution properties
      1950 Hayes St, Hollywood, FL 33020
      View Details
    • Value Estimation
      $370,000
      711 SF

      4034 30th Ave

      DISTRIBUTION WAREHOUSE • 711 SF
      4034 30th Ave, Hollywood, FL 33020-1051
      View Details
    • Value Estimation
      $395,000
      800 SF

      4068 30th Ave

      DISTRIBUTION WAREHOUSE • 800 SF
      4068 30th Ave, Hollywood, FL 33020-1051
      View Details
    • Value Estimation by Request
      1,025 SF

      4018 30th Ave

      DISTRIBUTION WAREHOUSE • 1,025 SF
      4018 30th Ave, Hollywood, FL 33020-1051
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Hollywood Warehouse - $1.5M

      Prime East Hollywood warehouse, high-yield investment.
      2012 Dixie Hwy, Hollywood, FL 33020
      View Details
    • $2,100,000

      Hollywood Warehouse Investment Opportunity

      Multi-tenant warehouse, prime location, high ROI potential.
      2007 Johnson St, Hollywood, FL 33020
      View Details
    • $6,500,000
      19,000 SF

      Hollywood Warehouse Development Opportunity

      19,000 SF Warehouse, Huge Development Potential
      2040 Liberty St, Hollywood, FL 33020
      View Details
    • $2,950,000
      5,556 SF

      East Hollywood Warehouse - $2.95M

      5,556 SF Warehouse, Vacant, Great Location
      2216 20Th Ave, Hollywood, FL 33020
      View Details
    • $650,000

      Hollywood Warehouse - $650K

      Prime Industrial Lot, Development Potential
      0 Grant St, Hollywood, FL 33020
      View Details
    • $2,188,300

      Hollywood Warehouse - Dixie Hwy

      Flex Space Warehouse, 3,560 SF
      1812-1816 Dixie Hwy, Hollywood, FL 33020
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      58,000 SF

      Hollywood Warehouse Space Available

      Multiple warehouse spaces, 3,000-55,000 SF
      2800 30Th Ave, Hollywood, FL 33020
      View Details
    • $127 SF/Yr
      1,176 SF

      Hollywood Warehouse - Dixie Hwy Corner

      1,176 sq ft warehouse, ½ acre lot, great visibility.
      1708 Dixie Hwy, Hollywood, FL 33020
      View Details
    • Contact for pricing

      Hollywood Warehouse - Dixie Hwy

      Prime Industrial Warehouse, 22,500 SF
      826- Dixie Hwy, Hollywood, FL 33020
      View Details
    • Contact for pricing
      30,000 SF

      Hollywood Industrial Property - 30,000 SF

      Prime 30,000 sq ft industrial lot, flexible zoning.
      701 Federal Hwy, Hollywood, FL 33020
      View Details
    • Contact for pricing
      98,943 SF

      Stirling Road Logistics Warehouse

      Modern Class A Warehouse, 98,943 SF, Hollywood, FL
      2910 Stirling Rd, Hollywood, FL 33020
      View Details
    • $11 SF/Yr
      3,560 SF

      Hollywood Warehouse - Dixie Hwy

      Prime 3,560 SF Warehouse, High Traffic
      1812 Dixie Hwy, 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.
    3101 29th Ave, Unit 3129
    Hollywood, FL 33020-1323
    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.