Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5845 Hollywood Blvd Hollywood, FL 33021
    Back to Search
    Property profile & analytics

    5845 Hollywood Blvd, Hollywood, FL 33021

    View on Map
    • Investment properties
    • 7,462 SF
    • 0.31 lot acres
    For Lease
    $1,600/Mo
    View Listing →
    Hollywood Office Space For Rent For Lease
    $1,600/Mo
    930 SF

    Hollywood Office Space For Rent

    Second-floor office space available in Hollywood, Florida.

    5845 Hollywood Blvd, Hollywood, FL 33021
    View Listing
    Property ID
    US18-0452049
    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
    $1,940,000
    Cap Rate Potential
    4.2%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Marzo Roofing Miami / Roofing Company / General Contractor
    • Estrella Insurance #119 / Insurance Agency
    • Nail By Lily / Nail Salon
    • Supercuts / Barber Shop
    • Ibrows By Hila / Hair Salon / Nail Salon

    Property Details for 5845 Hollywood Blvd

    Year built
    1969
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Zone code
    S-MU
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    51-41-13-03-1940
    APU
    514113031940

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,375,000
      ML approach
      $2,515,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,680,000
      6.5%
      $1,550,000
      7%
      $1,440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,904,000
      Market price range: $639k - $2.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,025,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2053
    Latitude
    26.0105
    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
    $31,033
    $160,500
    $1,156,470
    $1,316,970
    -
    $160,500
    $1,156,470
    $1,316,970

    Comparable in this City

    • Value Estimation
      $1,425,000
      5,556 SF

      4747 Hollywood Blvd

      STORE/OFFICE (MIXED USE)
      4747 Hollywood Blvd, Hollywood, FL 33021-6556
      View Details
    • Value Estimation
      $1,590,000
      8,318 SF

      4313 Hollywood Blvd

      STORE/OFFICE (MIXED USE)
      4313 Hollywood Blvd, Hollywood, FL 33021-6649
      View Details
    • Value Estimation
      $3,935,000
      18,646 SF

      4620 Hollywood Blvd, Unit 4628

      STORE/OFFICE (MIXED USE)
      4620 Hollywood Blvd, Hollywood, FL 33021-6502
      View Details
    • Value Estimation
      $2,590,000
      8,754 SF

      4151 State Rd 7th 7

      STORE/OFFICE (MIXED USE)
      4151 State Rd 7th 7, Hollywood, FL 33021-1510
      View Details
    • Value Estimation by Request
      1,148 SF

      5913 Hollywood Blvd

      STORE/OFFICE (MIXED USE)
      5913 Hollywood Blvd, Hollywood, FL 33021-6328
      View Details
    • Value Estimation
      $1,000,000
      9,803 SF

      4238 Hollywood Blvd

      STORE/OFFICE (MIXED USE)
      4238 Hollywood Blvd, Hollywood, FL 33021-6600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,599 SF

      Spacious Assisted Living Facility Potential

      Large home suitable for assisted living or group home.
      3211 Calle Largo Dr, Hollywood, FL 33021
      View Details
    • Contact for pricing

      Commercial Lots in High-Traffic Area

      Two contiguous commercial lots available in Hollywood, Florida.
      1101 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • $1,850,000
      9,248 SF

      Commercial Spaces in Hollywood Building

      Seven commercial spaces in a prime Hollywood location for sale.
      5000 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Contact for pricing

      Renovated Office Suites on Hollywood

      Move-in ready, renovated office suites in prime medical building.
      3911 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • $1,099,995

      Large Home for Assisted Living

      Spacious home ideal for assisted living or group home.
      3211 Calle Largo Dr, Hollywood, FL 33021
      View Details

    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
      844 SF

      Hollywood Office Suite - 844 SF

      Modern Office Space, Prime Location, Free Parking
      1930 30Th Rd, Hollywood, FL 33021
      View Details
    • $1,600 /Mo
      13,373 SF

      Hollywood Office Space For Rent

      Second-floor office space available in Hollywood, Florida.
      5845 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • Contact for pricing

      Neighborhood Center on SR 441

      48,000 SF neighborhood center at a busy intersection.
      2500 N State Road 7, Hollywood, FL 33021
      View Details
    • $2,950 /Mo

      Contemporary Executive Office Suites

      New executive office suites with modern amenities and convenient location.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5845 Hollywood Blvd
    Hollywood, FL 33021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5845 Hollywood Blvd, Hollywood, FL, 33021
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!