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Property profile & analytics
OFF-MARKET
Estimated value
$9,795,000
Motels
509 Federal Hwy, Hollywood, FL 33020-4620
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-8191553
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1962
Construction
CONCRETE
Total area
20,380 SF
Lot
1.08 ac (47,025 SF)
Zoning code
FH-2
APN
51-42-15-02-0550
UPID
US18-8191553
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
-
Rodeway Inn Near Hollywood Beach Hotel & Motel
-
ATM Atm
-
rock hard statium Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.80M
Owner & transaction history
Hollywood Hospitality I LLC · 1 yrs held
Hollywood Hospitality I LLC
since 2025
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
FH-2 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.6M
+5.1%
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
$9,390,000
ML approach
$9,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,940,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,595,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,995,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$9.80M
Range $8.82M – $10.77M · ±10% · vs last sale $10.00M (Apr 8 2025)
Last sale anchor
$10.00M
Apr 8 2025
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
$481 / 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
$126,771
Tax year 2023
Assessed value
$5,991,590
Assessed 2023
Previous assessed
$5,991,590
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$846,450
Assessed improvement
$5,145,140
Land market value
$846,450
Improvement market value
$5,145,140
Total market value
$5,991,590
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
1962
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
60
Total area
20,380 SF
Lot
1.08 ac (47,025 SF)
Zoning code
FH-2
APN
51-42-15-02-0550
UPID
US18-8191553
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
FH-2 · Hollywood, FL
Zoning FH-2 · permitted uses
FH-2 · 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
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.6M
AUTO REPAIR, GARAGE
Est. value
$12.0M
HOTEL/MOTEL Current
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
1962
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
60
Lot
1.08 ac
Current owner
From public records · entity-resolved
Hollywood Hospitality I LLC
Entity
Mailing address
3515 FARRINGTON ST, FLUSHING, NY 11354-2826
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
$10,000,000
Hollywood Hospitality I LLC
Tpec Hollywood LLC
Warranty Deed
$6,000,000 · International Finance Bank
Apr 8, 2025
—
Bollywood Hospitality I LLC
Gian Pietro Pecora
Quitclaim Deed
related
—
Jan 24, 2018
$1,287,500
Gian P Pecora
Tpec Hollywood LLC
Quit Claim Deed
related
—
Jun 28, 2016
—
Tpec Hollywood LLC
—
Deed
related
$2,500,000 · Landmark Bk
Dec 29, 2015
$5,150,100
Tpec Hollywood LLC
3dna LLC
Warranty Deed
—
Aug 27, 2013
$4,700,000
3dna LLC
Nila Investments LLC
Warranty Deed
$3,995,000 · Terrabank N A
Feb 27, 2006
$5,500,000
Nila Investments LLC
Grottoli & Hudon Inv Of America I
Warranty Deed
$1,750,000 · Unibank
—
—
Grottoli America
—
Deed Of Trust
related
$150,000 · Transflorida Bank
—
—
Nila Investments LLC
—
Deed Of Trust
related
$250,000 · Grottoli & Hudon Invs/america
—
—
Tpec Hollywood LLC
—
Deed Of Trust
related
$2,500,000 · Landmark Bk
—
—
Nila Investments LLC
—
Deed Of Trust
related
$1,250,000 · First Bank Florida
—
—
Nila Investments LLC
—
Deed Of Trust
related
$1,750,000 · First Bank Florida
—
—
Nila Investments LLC
—
Deed Of Trust
related
$1,700,000 · Community Bank Of Broward
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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