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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Motels
314 Michigan St, Hollywood, FL 33019-1205
Entity Owned
22-yr Hold
Free & Clear
Property ID
US18-3394777
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Construction
CONCRETE
Total area
5,444 SF
Lot
0.22 ac (9,571 SF)
Zoning code
BRT-25-C
APN
51-42-13-01-0860
UPID
US18-3394777
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.12M
Owner & transaction history
Delking Resorts LLC · 22 yrs held
Delking Resorts LLC
since 2003
7 recorded transactions
Zoning & alternative use
BRT-25-C · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hollywood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hollywood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,470,000
Current use
AUTO REPAIR, GARAGE
$3,205,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$389 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$72,415
Tax year 2023
Assessed value
$3,280,820
Assessed 2023
Previous assessed
$3,197,730
+2.6% YoY
Effective rate
2.21%
On assessed value
Assessed land
$431,360
Assessed improvement
$2,849,460
Land market value
$431,360
Improvement market value
$2,849,460
Total market value
$3,280,820
Applied tax rate
513.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
24
Total area
5,444 SF
Lot
0.22 ac (9,571 SF)
Zoning code
BRT-25-C
APN
51-42-13-01-0860
UPID
US18-3394777
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BRT-25-C · Hollywood, FL
Zoning BRT-25-C · permitted uses
BRT-25-C · Hollywood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hollywood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
24
Lot
0.22 ac
Current owner
From public records · entity-resolved
Delking Resorts LLC
Entity
Free & Clear · 22 yrs held
Mailing address
310 MICHIGAN ST #320, HOLLYWOOD, FL 33019-1205
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2019
—
Delking Resorts Lec
—
Deed
related
$2,500,000 · Pacific Nat'l Bk
Aug 3, 2017
—
Delking Resorts LLC
—
Deed
related
$2,000,000 · E5 Cap Grp LLC
Nov 25, 2003
$150,000
Delking Resorts LLC
Hollywood Island INC
Grant Deed
—
—
—
Delking Resorts LLC
—
Deed Of Trust
related
$800,000 · Us Century Bank
—
—
Delking Resorts Lec
—
Deed Of Trust
related
$2,500,000 · Pacific Nat'l Bk
—
—
Delking Resorts LLC
—
Deed Of Trust
related
$75,000 · Matthew Cronin
—
—
Delking Resorts LLC
—
Deed Of Trust
related
$2,000,000 · E5 Cap Grp LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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