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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Medical Office Space
3500 Hollywood Blvd Hollywood, FL 33021-6809
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4155018
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1964
Construction
CONCRETE
Total area
4,295 SF
Lot
0.18 ac (7,790 SF)
Zoning code
O-2
APN
51-42-07-02-2390
UPID
US18-4155018
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
Current use
Occupant on record · Public records
-
Essien Adeline D MD Physician
-
Quantum of Hollywood Chiropractic Acupunture Nutrition and Massage Therapy Alternative Medicine Practice
-
Dr. Immacula Michel Medical Clinic
-
Frederick Dalgleish Physician Medical Clinic
-
Cheap Auto Insurance Hollywood Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.21M
Owner & transaction history
Miami Deluxe LLC · 5 yrs held
Miami Deluxe LLC
since 2020
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
O-2 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
G. O-2 Medium Intensity Office District. 1. Purpose and uses: District Purposes Main Permitted Uses Special Exception Accessory Uses Prohibited Uses This district is intended to provide standards for the development and maintenance of medium intensity administrative, professional and/or financial office uses. Offices. Single Family. Day care facilities. Fune…
Zone name
Medium Intensity Office District
General category
COMMERCIAL
Zone area
64.54 ac
Top alternative use upside
Commercial (general)
$2.0M
+32.6%
Office building
$1.7M
+15.6%
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
$1,675,000
ML approach
$1,685,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,505,000
Current use
COMMERCIAL (GENERAL)
$2,000,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$1,740,000
Change: +16% · Conversion: Easy
RETAIL STORES
$1,440,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,355,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.00M (Sep 23 2020)
Last sale anchor
$1.00M
Sep 23 2020
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
$282 / 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
$22,334
Tax year 2023
Assessed value
$980,030
Assessed 2023
Previous assessed
$901,370
+8.7% YoY
Effective rate
2.28%
On assessed value
Assessed land
$116,850
Assessed improvement
$863,180
Land market value
$116,850
Improvement market value
$863,180
Total market value
$980,030
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
4,295 SF
Lot
0.18 ac (7,790 SF)
Zoning code
O-2
APN
51-42-07-02-2390
UPID
US18-4155018
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
O-2 · Hollywood, FLZoning O-2 · permitted uses
O-2 · Hollywood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
G. O-2 Medium Intensity Office District. 1. Purpose and uses: District Purposes Main Permitted Uses Special Exception Accessory Uses Prohibited Uses This district is intended to provide standards for the development and maintenance of medium intensity administrative, professional and/or financial office uses. Offices. Single Family. Day care facilities. Funeral Home. Places of worship, meeting halls & fraternal lodges. Schools, bus. & commercial. Adult Educational Facilities (See
Zone name
Medium Intensity Office District
General category
COMMERCIAL
Zone area
64.54 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.4M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1964
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Miami Deluxe LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1501 NW 36TH ST, MIAMI, FL 33142-5559
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2020
—
Miami Deluxe LLC
F Malcolm Smith Land Trust
Correction Deed
related
—
Apr 30, 2020
$1,000,000
Miami Deluxe LLC
Smith F M La Trust Agreeme
Warranty Deed
$849,999 · Amerant Bk NA
Nov 30, 2006
—
Deloach,marilyn S Tr
Smith,f Malcolm
Warranty Deed
related
—
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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