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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
5822 Dewey St Hollywood, FL 33023-1920
Entity Owned
1-yr Hold
Property ID
US18-6198884
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
CONCRETE
Total area
1,192 SF
Lot
0.12 ac (5,244 SF)
Zoning code
S-MU
APN
51-41-24-15-0260
UPID
US18-6198884
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
-
Allstate Engineering Co., Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$396k
Blend (final)
Blend
$585k
Owner & transaction history
Kolo 16 LLC · 1 yrs held
Kolo 16 LLC
since 2025
Last sale
$628,000
7 recorded transactions
Zoning & alternative use
S-MU · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$795,000
+121.0%
Auto repair, garage
$740,000
+106.2%
Commercial (general)
$555,000
+54.2%
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
$590,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$350,000
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
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $628k (Jan 15 2025)
Last sale anchor
$628k
Jan 15 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
$491 / 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
$6,324
Tax year 2023
Assessed value
$260,770
Assessed 2023
Previous assessed
$241,560
+8.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$52,440
Assessed improvement
$208,330
Land market value
$52,440
Improvement market value
$208,330
Total market value
$260,770
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,192 SF
Lot
0.12 ac (5,244 SF)
Zoning code
S-MU
APN
51-41-24-15-0260
UPID
US18-6198884
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
S-MU · Hollywood, FL
Zoning S-MU · permitted uses
S-MU · 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
OFFICE BUILDING Current
Est. value
$360,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$555,000
MEDICAL BUILDING
Est. value
$420,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1956
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Kolo 16 LLC
Entity
Mailing address
5822 DEWEY ST, HOLLYWOOD, FL 33023-1920
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$628,000
Kolo 16 LLC
Mk5882 LLC
Warranty Deed
—
Mar 4, 2024
—
Mk 5882 LLC
—
Deed
related
$250,000 · World Business Lenders LLC
Oct 28, 2021
—
Mk 5882 LLC
Mk 5822 LLC
Intrafamily Transfer
related
—
May 28, 2009
—
Mk 5822 LLC
Montana,armando
Quit Claim Deed
related
—
Apr 6, 2009
$100,000
Armando Montana
Consumer Solutions Reo LLC
Grant Deed
—
Mar 3, 2009
—
Consumer Soulutions Reo LLC
Clerk Of Court Of Broward County
Trustees Deed
related
—
Feb 6, 2009
—
Debra Mcbride
Fds Dev & Investment INC
Quit Claim Deed
related
—
Mar 5, 2007
—
Fds Dev & Investment INC
Osbourne,andrew
Quit Claim Deed
related
—
Dec 21, 2006
$210,000
Andrew Osbourne
Fds Dev & Investments INC
Warranty Deed
$168,000 · Wmc Mortgage Corp
Jan 6, 2006
—
Fds Dev & Investment INC
Johnson,shawntravia
Quit Claim Deed
related
—
Dec 29, 2004
$145,000
Shawntravia Johnson
Tds Dev & Investment Corp
Warranty Deed
$123,250 · Long Beach Mortgage Co
Apr 5, 2004
$70,000
Tds Development & Inv Corp
Ash,simon
Grant Deed
$82,000 · R O G Investments INC
Aug 28, 2000
$60,000
Simon Ash
Barfield,russell R
Grant Deed
—
—
—
Joyanna Diaz
—
Deed Of Trust
related
$70,000 · Armando Montana
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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