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    Property profile & analytics

    4600 Sheridan St Hollywood, FL 33021

    • Office buildings
    • 30,229 SF
    • 2.62 lot acres
    For Lease
    View listing
    $850 /Mo
    Last Sale
    Aug 11, 2022
    $8,400,000
    Value Estimations
    $9,930,000
    Cap Rate Potential
    6.1%
    Office buildings
    Location Intelligence
    Property ID
    US18-4077535
    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

    • Banks-De Olazarra Properties / Real Estate Agency
    • Wells Fargo Bank / Atm / Bank
    • FedEx Drop Box / Mailing Service
    • Zimmerman & Frachtman, P.A. / Personal Injury Attorney
    • Harry Hausman Law Office / Attorney

    Property Details for 4600 Sheridan St

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    2.62 lot acres
    Property size
    30,229 SF
    Zone code
    O-2
    Property type
    Office buildings
    APN
    51-42-08-11-0730
    APU
    514208110730

    Description

    4600 Sheridan Street in Hollywood, Florida offers a remarkable opportunity to lease office space in a well-maintained Class A building. This 32,000 square foot, four-story building boasts a prime corner location at Sheridan and 46th Avenue, providing exceptional visibility and accessibility. The property features two elevators and ample parking, catering to the needs of diverse businesses. Suites range from 80 to 150 square feet, ideal for small businesses or individual professionals. The building's location within the Emerald Hills submarket offers easy access to I-95, along with nearby shopping, dining, and entertainment options. The building is zoned O-2 and has undergone renovations in 2024. Current tenants include a mix of established businesses in the professional, medical, and business sectors, indicating a stable and desirable location. The building is locally owned and managed, ensuring personalized attention and responsiveness to tenant needs. Available spaces are built out with private offices, a conference area (or shared workspace), a break room, and a reception area. Common area maintenance (CAM) charges are inclusive of electricity and janitorial services, simplifying budgeting and operational costs. This is an exceptional opportunity to establish your business in a thriving, professional environment. The property's APN is 514208110730. A Wells Fargo Bank with a drive-thru is conveniently located on the premises.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,250,000
      ML approach
      $10,425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,375,000
      6.5%
      $9,575,000
      7%
      $8,895,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,623,000
      Market price range: $9.61M - $15.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $12,260,000
      Current use
      COMMERCIAL (GENERAL)
      $14,065,000
      Change: +15% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $13,890,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $10,610,000
      Change: -13% Conversion: Easy
      RETAIL STORES
      $10,130,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1906
    Latitude
    26.0318
    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
    $130,958
    $1,369,910
    $3,927,490
    $5,297,400
    -
    $1,369,910
    $3,927,490
    $5,297,400

    Comparable in this City

    • Value Estimation
      $965,000
      2,501 SF

      3850 Hollywood Blvd, Unit 2B

      OFFICE BUILDING (MULTI-STORY) • 2,501 SF
      3850 Hollywood Blvd, Hollywood, FL 33021-6748
      View Details
    • Value Estimation by Request
      3,582 SF

      5809 Hollywood Blvd

      OFFICE BUILDING (MULTI-STORY) • 3,582 SF
      5809 Hollywood Blvd, Hollywood, FL 33021-6327
      View Details
    • Value Estimation
      $480,000
      5,949 SF

      5647 Hollywood Blvd

      OFFICE BUILDING • 5,949 SF
      5647 Hollywood Blvd, Hollywood, FL 33021-6325
      View Details
    • Value Estimation
      $895,000
      2,956 SF

      4310 Sheridan St Ste, Unit 202

      PROFESSIONAL BUILDING • 2,956 SF
      4310 Sheridan St Ste, Hollywood, FL 33021-3554
      View Details
    • Value Estimation
      $355,000
      953 SF

      4651 Sheridan St Ste, Unit 260

      OFFICE BUILDING (MULTI-STORY) • 953 SF
      4651 Sheridan St Ste, Hollywood, FL 33021-3422
      View Details
    • Value Estimation
      $370,000
      2,822 SF

      4651 Sheridan St Ste, Unit 270

      OFFICE BUILDING (MULTI-STORY) • 2,822 SF
      4651 Sheridan St Ste, Hollywood, FL 33021-3422
      View Details

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      Freestanding office building with high visibility and ample parking.
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      Ganot Plaza: Hollywood Office Space

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    Hollywood, FL 33021
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    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
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