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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Industrial properties
601 21st Ave Hollywood, FL 33020-6905
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0906374
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1957
Construction
CONCRETE
Total area
6,950 SF
Lot
0.38 ac (16,710 SF)
Zoning code
DH-3
APN
51-42-15-01-0340
UPID
US18-0906374
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
-
Premier Kids Care Daycare Center
-
Dynamo Church Association / Organization
-
Natalie Dance Academy Training Center
-
Natalie Dance Show, Inc. Training Center
-
iRealtyPartners Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.28M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.14M
Owner & transaction history
Harbor Equity Partners III LLC · 4 yrs held
Harbor Equity Partners III LLC
since 2022
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
DH-3 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+8.1%
Industrial (general)
$3.2M
+1.6%
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
$2,295,000
ML approach
$2,280,000
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,445,000
7%
$1,340,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,145,000
Current use
OFFICE BUILDING
$3,395,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,195,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±10% · vs last sale $1.98M (May 12 2022)
Last sale anchor
$1.98M
May 12 2022
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
$307 / 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
$44,028
Tax year 2023
Assessed value
$1,782,000
Assessed 2023
Previous assessed
$1,435,380
+24.1% YoY
Effective rate
2.47%
On assessed value
Assessed land
$183,810
Assessed improvement
$1,598,190
Land market value
$183,810
Improvement market value
$1,598,190
Total market value
$1,782,000
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1957
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
6,950 SF
Lot
0.38 ac (16,710 SF)
Zoning code
DH-3
APN
51-42-15-01-0340
UPID
US18-0906374
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DH-3 · Hollywood, FL
Zoning DH-3 · permitted uses
DH-3 · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
OFFICE BUILDING
Est. value
$3.4M
INDUSTRIAL (GENERAL)
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1957
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Harbor Equity Partners III LLC
Entity
Mailing address
701 NE 125TH ST, NORTH MIAMI, FL 33161-5611
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2022
$1,980,000
Harbor Equity Partners III LLC
Jorge A Zamorano
Warranty Deed
$2,600,000 · Locality Bank
Mar 5, 2018
$1,200,000
Byne LLC
South 21 Hollywood LLC
Warranty Deed
$600,000 · Intercontinental Bk
Aug 4, 2014
$826,800
South 21 Hollywood LLC
Gary Leegate
Warranty Deed
$578,725 · Bac Florida Bank
—
—
Gary Leegate
—
Deed Of Trust
related
$545,986 · Regions Bank
—
—
Gary Leegate
—
Deed Of Trust
related
$100,000 · Us Small Business Admn
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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