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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5935 Park Rd, Unit 5939 Hollywood, FL 33021-3858

    • Warehouses
    • 7,871 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    May 04, 2025
    Value Estimations
    $1,970,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4846429
    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

    • Preferred Customs / Wheel Store / Tuning Automobile
    • Preferred Automotive, Inc. / Auto Repair Shop / Car Repair And Maintenance Service

    Property Details for 5935 Park Rd

    Year built
    1993
    Construction
    CONCRETE
    Lot size
    0.93 lot acres
    Property size
    7,871 SF
    Zone code
    C-MU
    Property type
    Warehouses
    APN
    51-41-12-47-0010
    APU
    514112470010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,305,000
      7%
      $1,210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,111,000
      Market price range: $176k - $2.11M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,485,000
      Current use
      OFFICE BUILDING
      $3,190,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $2,760,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.207
    Latitude
    26.0289
    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
    $42,123
    $403,550
    $1,746,990
    $2,150,540
    -
    $403,550
    $1,746,990
    $2,150,540

    Comparable in this City

    • Value Estimation
      $16,875,000
      129,111 SF

      2700 State Rd 7th 7

      MINI-WAREHOUSE, STORAGE • 129,111 SF
      2700 State Rd 7th 7, Hollywood, FL 33021-2700
      View Details
    • Value Estimation
      $6,775,000
      46,636 SF

      3625 Pembroke Rd, Unit 3725

      WAREHOUSE, STORAGE • 46,636 SF
      3625 Pembroke Rd, Hollywood, FL 33021-8251
      View Details
    • Value Estimation
      $15,015,000
      94,326 SF

      3898 Pembroke Rd, Unit 3922

      WAREHOUSE, STORAGE • 94,326 SF
      3898 Pembroke Rd, Pembroke Park, FL 33021-8108
      View Details
    • Value Estimation
      $2,465,000
      13,338 SF

      3969 Pembroke Rd, Unit 3975

      WAREHOUSE, STORAGE • 13,338 SF
      3969 Pembroke Rd, Hollywood, FL 33021-8126
      View Details
    • Value Estimation
      $15,020,000
      94,343 SF

      3860 Pembroke Rd, Unit 3890

      WAREHOUSE, STORAGE • 94,343 SF
      3860 Pembroke Rd, Pembroke Park, FL 33021-8108
      View Details
    • Value Estimation
      $12,835,000
      84,122 SF

      851 Knights Rd

      MINI-WAREHOUSE, STORAGE • 84,122 SF
      851 Knights Rd, Hollywood, FL 33021-6146
      View Details

    Similar Nearby for Sale

    • $749,900

      West Park Warehouse - $749,900

      Prime Pembroke Rd location, 1951 SF warehouse.
      5414 Pembroke Rd, Hollywood, FL 33021
      View Details
    • Contact for pricing

      Air-Conditioned Warehouse with Office Suite

      6,478 SF warehouse with 844 SF office near I-95.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • $974,998

      Pembroke Road Commercial Property

      Versatile 1,100 SF property with 3 garage bays.
      5314 Pembroke Rd, Hollywood, FL 33021
      View Details
    • $899,000

      Freestanding Warehouse in Pembroke Park

      Small-bay industrial property with expansion potential in a prime location.
      2111 John P Lyons Ln, Pembroke Park, FL 33021
      View Details
    • Contact for pricing

      Retail Spaces Available for Lease

      High-traffic retail spaces with 15-foot ceilings available for lease.
      4030 Pembroke Rd, Hollywood, FL 33021
      View Details
    • $900,000

      Drive-Thru Convenience Store Opportunity

      Drive-thru equipped convenience store in Hollywood, Florida for sale.
      4631 Hollywood Blvd, Hollywood, FL 33021
      View Details

    Similar Nearby for Lease

    • $15,000 /Mo

      Air-Conditioned Warehouse with Office Suite

      6,478 SF warehouse with 844 SF office suite.
      1930 N 30Th Rd, Hollywood, FL 33021
      View Details
    • Contact for pricing
      2,022 SF

      Ground Level CBS Warehouse Complex

      Multi-tenant warehouse complex in good condition, built in 1981.
      3625 Pembroke Rd, Hollywood, FL 33021
      View Details
    • $25 SF/Yr
      20,212 SF

      Ganot Plaza: Hollywood Office Space

      Class A Office, 8 Suites Available, Broward County
      4601 Sheridan St, Hollywood, FL 33021
      View Details
    • $0.02 SF/Yr
      10,150 SF

      Hollywood Blvd Office Space

      Prime Hollywood Office, 10,150 sq ft.
      5555 Hollywood Blvd, Hollywood, FL 33021
      View Details
    • $41 SF/Yr
      844 SF

      Hollywood Office Space: Prime Location

      Modern 844 sq ft office, 2 parking spaces.
      1930 30Th Rd, Hollywood, FL 33021
      View Details
    • $24 SF/Yr

      Renovated Mixed-Use Space, Hollywood

      Versatile, renovated space ideal for beauty or wellness professionals.
      5712 Hollywood Blvd, Hollywood, FL 33021
      View Details
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    5935 Park Rd, Unit 5939
    Hollywood, FL 33021-3858
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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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