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    Property profile & analytics

    5655 Johnson St, Unit B Hollywood, FL 33021

    • Retail residential properties
    • 5,663 SF
    • 0.20 lot acres
    For Sale
    View listing
    $2,550
    Last Sale
    Dec 19, 2024
    $1,300,000
    Value Estimations
    Cap Rate Potential
    5.9%
    Retail residential properties
    Location Intelligence
    Property ID
    US18-4966923
    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

    • Retail residential properties

    Property Details for 5655 Johnson St

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.20 lot acres
    Property size
    5,663 SF
    Zone code
    C-3
    Property type
    Retail residential properties
    APN
    51-41-12-04-0750
    APU
    514112040750

    Description

    This exceptional mixed-use property, located at 5655-5659 Johnson St #9 in Hollywood, Florida, presents a compelling investment opportunity. The 5,663 square foot building, constructed in 1960, boasts a prime corner lot location in central Hollywood, offering excellent visibility and accessibility. The property comprises three retail storefronts, currently operating as a convenience store, and six residential units, generating a combined annual revenue exceeding $175,000. Its strategic location places it within close proximity to major highways, the turnpike, and a vibrant commercial district featuring restaurants, shopping centers, the Hard Rock Casino, Hard Rock Stadium, Gulfstream Park, and nearby beaches. This presents a unique opportunity to acquire a well-established, income-producing asset in a high-growth area. The asking price of $1,500,000 is considered below market value, making this an attractive proposition for discerning investors. The seller is motivated to sell, offering a potentially advantageous negotiation opportunity. This property is zoned for mixed-use development, offering potential for future expansion or redevelopment. The building's strong rental history and consistent cash flow make it an ideal addition to any investment portfolio. Detailed financial statements are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000
      ML approach
      $1,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,275,000
      6.5%
      $1,175,000
      7%
      $1,090,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,354,000
      Market price range: $485k - $1.71M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2017
    Latitude
    26.018
    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
    $23,402
    $88,540
    $848,150
    $936,690
    -
    $88,540
    $848,150
    $936,690

    Comparable in this City

    • Value Estimation
      $1,940,000
      7,462 SF

      5845 Hollywood Blvd

      STORE/OFFICE (MIXED USE) • 7,462 SF
      5845 Hollywood Blvd, Hollywood, FL 33021-6312
      View Details
    • Value Estimation
      $3,935,000
      18,646 SF

      4620 Hollywood Blvd, Unit 4628

      STORE/OFFICE (MIXED USE) • 18,646 SF
      4620 Hollywood Blvd, Hollywood, FL 33021-6502
      View Details
    • Value Estimation
      $1,295,000
      7,535 SF

      5843 Johnson St, Unit 5859

      STORES & APARTMENTS • 7,535 SF
      5843 Johnson St, Hollywood, FL 33021-5635
      View Details
    • Value Estimation
      $2,590,000
      8,754 SF

      4151 State Rd 7th 7

      STORE/OFFICE (MIXED USE) • 8,754 SF
      4151 State Rd 7th 7, Hollywood, FL 33021-1510
      View Details
    • Value Estimation
      $580,000
      3,505 SF

      4054 Pembroke Rd

      STORES & APARTMENTS • 3,505 SF
      4054 Pembroke Rd, Hollywood, FL 33021-8102
      View Details
    • Value Estimation
      $885,000
      5,065 SF

      3560 State Rd 7th 7

      STORES & APARTMENTS • 5,065 SF
      3560 State Rd 7th 7, Hollywood, FL 33021-2105
      View Details

    Similar Nearby for Sale

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      Drive-Thru Convenience Store Opportunity

      Drive-thru equipped convenience store in Hollywood, Florida for sale.
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      Versatile 1,000 SF storefront on Hollywood Blvd for sale.
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    • $6,500,000
      2.00 Acres

      Hollywood Land with Approved Padel Club

      2-acre C-4 zoned land with approved Padel Club project.
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    Similar Nearby for Lease

    • Contact for pricing
      13,219 SF

      Mixed-Use Retail Space Available

      Retail space in prime mixed-use destination with high foot traffic.
      4801 S State Road 7, Davie, FL 33021
      View Details
    • $41 SF/Yr
      3,465 SF

      Pembroke Road Office Space For Sale

      Prime Office/Warehouse, 3465 sq ft
      5000 Pembroke Rd, Hollywood, FL 33021
      View Details
    • $41 SF/Yr
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      Modern Office Space, Prime Location, Free Parking
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      View Details
    • Contact for pricing
      4,777 SF

      Retail Space in Sheridan Plaza

      Retail space available in a high-traffic shopping center.
      4901-5545 Sheridan St, Hollywood, FL 33021
      View Details
    • $42 SF/Yr
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      Retail Space Near I-95

      2,300 SF retail space with high exposure available for lease.
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      View Details
    • $850 /Mo
      114,153 SF

      Sheridan Professional Hub Office Space

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      4600 Sheridan St, Hollywood, FL 33021
      View Details
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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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