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    5822 Dewey St Hollywood, FL 33023-1920
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    Property profile & analytics

    5822 Dewey St, Hollywood, FL 33023-1920

    View on Map
    • Office buildings
    • 1,192 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Jan 15, 2025
    $628,000
    Property ID
    US18-6198884
    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.
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    4.2%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Allstate Engineering Co., Inc. / Construction Company / General Contractor

    Property Details for 5822 Dewey St

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    0.12 lot acres
    Zone code
    S-MU
    Property type
    Office buildings
    APN
    51-41-24-15-0260
    APU
    514124150260

    Description

    This Hollywood, Florida office building presents a lucrative investment opportunity. Located at 5822 Dewey St, 33023, this single-story, 1,200 square foot property sits on a generous 5,244 square foot lot and boasts a 5.90% cap rate. Built in 1956, the building has undergone renovations, featuring three individual office spaces, two bathrooms, a reception area with waiting room, and a kitchenette. Additional amenities include a gated entrance, a carport, and extra storage space ideal for inventory or equipment. The ample parking accommodates approximately 20 vehicles. Conveniently located less than a block from 441 and approximately 10 miles from Fort Lauderdale-Hollywood International Airport (FLL), this property offers excellent accessibility and strong cash flow potential. The building's layout and features make it suitable for a variety of professional uses. This is a prime opportunity for investors seeking a strong return on investment in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $590,000
      ML approach
      $690,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $410,000
      6.5%
      $380,000
      7%
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $396,000
      Market price range: $194k - $465k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $360,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $795,000
      Change: +121% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $740,000
      Change: +106% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $555,000
      Change: +54% Conversion: Easy
      MEDICAL BUILDING
      $420,000
      Change: +16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2041
    Latitude
    26.0016
    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
    $6,324
    $52,440
    $208,330
    $260,770
    -
    $52,440
    $208,330
    $260,770

    Comparable in this City

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      8,989 SF

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      OFFICE BUILDING
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      View Details
    • Value Estimation
      $1,640,000
      7,081 SF

      6109 Pembroke Rd

      OFFICE BUILDING (MULTI-STORY)
      6109 Pembroke Rd, Hollywood, FL 33023-2213
      View Details
    • Value Estimation by Request
      815 SF

      6335 Pembroke Rd

      OFFICE BUILDING
      6335 Pembroke Rd, Hollywood, FL 33023-2217
      View Details
    • Value Estimation
      $2,375,000
      8,467 SF

      3799 Hallandale Bch Blvd

      OFFICE BUILDING (MULTI-STORY)
      3799 Hallandale Bch Blvd, Pembroke Park, FL 33023-5736
      View Details
    • Value Estimation
      $1,680,000
      10,996 SF

      6011 Rodman St

      OFFICE BUILDING (MULTI-STORY)
      6011 Rodman St, Hollywood, FL 33023-1854
      View Details
    • Value Estimation by Request
      1,050 SF

      5808 23rd St

      OFFICE BUILDING
      5808 23rd St, West Park, FL 33023-4005
      View Details

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    Similar Nearby for Lease

    • $6,000 /Mo
      2,191 SF

      Free-Standing Commercial Building For Rent

      Prime commercial building suitable for office or business purposes.
      5738 W Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • $6,000 /Mo

      Free-Standing Commercial Building For Rent

      Free-standing commercial building suitable for office or professional use.
      5738 W Hallandale Beach Blvd, West Park, FL 33023
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Completely renovated office building with on-site property manager.
      121 S 61St Ter, Hollywood, FL 33023
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial space featuring office, temperature control, and cooler/freezer areas.
      2301 SW 32Nd Ave, Pembroke Park, FL 33023
      View Details
    • Contact for pricing

      Office Space Near US441

      Second-floor office space available for lease near US441.
      5900 Dewey St, Hollywood, FL 33023
      View Details
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    Hollywood, FL 33023-1920
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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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