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Property profile & analytics
OFF-MARKET
Estimated value
$18,845,000
Investment properties
3451-3690 Ocean Dr Hollywood, FL 33019
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-4545441
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2001
Construction
CONCRETE
Total area
651,615 SF
Lot
2.41 ac (104,950 SF)
Zoning code
PD
APN
51-42-23-17-0030
UPID
US18-4545441
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
$18.85M
Owner & transaction history
Diplomat Landings Phase 2 Owner LLC · 2 yrs held
Diplomat Landings Phase 2 Owner LLC
since 2023
Last sale
$21.5M
5 recorded transactions
Zoning & alternative use
PD · 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
$21,420,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.85M
Range $16.96M – $20.73M · ±10% · vs last sale $21.50M (Dec 18 2023)
Last sale anchor
$21.50M
Dec 18 2023
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
$29 / 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
$710,528
Tax year 2023
Assessed value
$36,206,740
Assessed 2023
Previous assessed
$23,549,200
+53.7% YoY
Effective rate
1.96%
On assessed value
Assessed land
$18,174,830
Assessed improvement
$18,031,910
Land market value
$18,174,830
Improvement market value
$18,031,910
Total market value
$36,206,740
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
6
Total area
651,615 SF
Lot
2.41 ac (104,950 SF)
Zoning code
PD
APN
51-42-23-17-0030
UPID
US18-4545441
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
PD · Hollywood, FL
Zoning PD · permitted uses
PD · 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.
Building & site characteristics
From public records
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Lot
2.41 ac
Current owner
From public records · entity-resolved
Diplomat Landings Phase 2 Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2850 TIGERTAIL AVE STE #800, COCONUT GROVE, FL 33133-5346
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$21,500,000
Diplomat Landings Phase 2 Owner LLC
Hfl Landings Owner LLC
Special Warranty Deed
—
Aug 16, 2023
$30,000,000
Diplomat Landings Phase 1 Owner LLC
Landings Owner LLC
Special Warranty Deed
—
Jul 10, 2023
—
Hfl Landings Owner LLC
Diplomat Landings Owner LLC
Correction Deed
related
—
Feb 3, 2023
$69,000,000
Hfl Landings Owner LLC
Diplomat Landings Owner LLC
Special Warranty Deed
—
Aug 28, 2014
$55,500,000
Diplomat Landings Owner LLC
Diplomat Properties LP
Grant Deed
—
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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