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Property profile & analytics
OFF-MARKET
Estimated value
$496,595,000
Hotels
3555 Ocean Dr, Hollywood, FL 33019-2827
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-8760364
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Construction
STEEL FRAME
Total area
709,504 SF
Lot
9.92 ac (431,908 SF)
Zoning code
PD
APN
51-42-23-17-0010
UPID
US18-8760364
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
-
Encore Rental Equipment Company Tech Support Center
-
seminole hollywood casino Hotel & Motel
-
The Diplomat Salon Hair Salon Nail Salon
-
FedEx Office Print & Ship Center Courier Service Postal Service
-
The Hotel Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$551.18M
Blend (final)
Blend
$496.60M
Owner & transaction history
Hollywood Fl Owner LLC · 3 yrs held
Hollywood Fl Owner LLC
since 2023
Last sale
$466.1M
5 recorded transactions
Zoning & alternative use
PD · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$620.6M
+37.1%
Neighborhood: shopping center
$473.2M
+4.6%
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
$464,325,000
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
$452,520,000
Current use
RESTAURANT
$620,610,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$473,210,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$417,635,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$496.60M
Range $446.94M – $546.25M · ±10% · vs last sale $466.10M (Feb 3 2023)
Last sale anchor
$466.10M
Feb 3 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
$700 / 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
$10,237,368
Tax year 2023
Assessed value
$589,971,910
Assessed 2023
Previous assessed
$383,871,650
+53.7% YoY
Effective rate
1.74%
On assessed value
Assessed land
$43,221,030
Assessed improvement
$546,750,880
Land market value
$43,221,030
Improvement market value
$546,750,880
Total market value
$589,971,910
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
39
Units
1000
Bathrooms
340
Total area
709,504 SF
Lot
9.92 ac (431,908 SF)
Zoning code
PD
APN
51-42-23-17-0010
UPID
US18-8760364
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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$452.5M
RESTAURANT
Est. value
$620.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$473.2M
AUTO REPAIR, GARAGE
Est. value
$417.6M
HOTEL/MOTEL Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
39
Units
1000
Bathrooms
340
Lot
9.92 ac
Current owner
From public records · entity-resolved
Hollywood Fl Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
55 MERCHANT ST STE #1500, HONOLULU, HI 96813-4381
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
Jun 10, 2024
—
Hollywood Fl Owner LLC
—
Deed
related
$452,000,000 · German American Capital Corporation
Feb 3, 2023
$466,097,000
Hollywood Fl Owner LLC
Diplomat Hotel Owner LLC
Special Warranty Deed
—
Aug 25, 2017
—
Diplomat Hotel Owner LLC
—
Deed
related
$292,000,000 · Morgan Stanley Mtg Cap Holding
Aug 28, 2014
$460,000,000
Diplomat Hotel Owner LLC
Diplomat Properties Limited Partner
Special Warranty Deed
—
—
—
Diplomat Hotel Owner LLC
—
Loan Modification
related
$292,000,000 · Morgan Stanley Mtg Cap Holding
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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