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

    6115 Arthur St Hollywood, FL 33024

    • Small apartment buildings
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0094713
    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

    • Small apartment buildings

    Property Details for 6115 Arthur St

    Year built
    1980
    Property type
    Small apartment buildings

    Description

    This charming 1-story, 2-unit apartment building, constructed in 1980, presents a compelling investment opportunity in the desirable Hollywood, Florida area. Located at 6115 Arthur St, 33024, this property offers a fantastic blend of convenience and potential. The duplex boasts a sizable backyard, providing ample outdoor space for residents. Private parking is available, adding to the convenience and appeal. Each unit benefits from a separate laundry room, a highly sought-after amenity. The property's central location offers easy access to shopping centers, major highways, and malls, enhancing its desirability for tenants. Priced at $650,000, this property represents a strong value proposition in the thriving Hollywood real estate market. The property is situated in Broward County and is ready for a new owner to capitalize on its income-generating potential. This is a rare chance to acquire a well-maintained, centrally located duplex in a high-demand area. Don't miss this opportunity to add a valuable asset to your investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2108435
    Latitude
    26.0214501

    Comparable in this City

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      Versatile Lot in Hollywood, FL

      Lot suitable for residential, multi-unit, or commercial development.
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      Income-Producing Multifamily Property in Davie

      Multifamily property near Main Street Mile and educational centers.
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    • $1,100,000

      Davie Fourplex with Income Potential

      Fully occupied fourplex in Davie with strong income and growth potential.
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    Similar Nearby for Sale

    • $649,000
      1,716 SF

      Hollywood Duplex - Investment Opportunity

      Two-unit duplex, great location, high ROI potential.
      6138 Grant St, Hollywood, FL 33024
      View Details
    • $3,500,000

      15-Unit Townhome Investment Opportunity

      Fully leased townhomes near Hard Rock Casino with rental upside.
      3901-3940 NW 76Th Ter, Davie, FL 33024
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    • $795,000

      Income-Producing Multifamily Property in Davie

      Multifamily property near Main Street Mile with investment potential.
      7381 NW 37Th St, Davie, FL 33024
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    • $290,000
      0.14 Acres

      Versatile Lot in Hollywood, FL

      Lot suitable for residential, multi-unit, or commercial development.
      315 N 61St Ave, Hollywood, FL 33024
      View Details
    • $755,000

      Income-Producing Multifamily Property in Davie

      Multifamily property near Main Street Mile and educational centers.
      7391 NW 37Th St, Hollywood, FL 33024
      View Details
    • $1,100,000

      Davie Fourplex with Income Potential

      Fully occupied fourplex in Davie with strong income and growth potential.
      7311 NW 37Th St, Davie, FL 33024
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    Similar Nearby for Lease

    • $1,500 /Mo

      Clean One-Bedroom Apartment Available

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    • $1,975 /Mo

      Spacious Apartment Near Hollywood Downtown

      Comfortable 2BR/1BA apartment, conveniently located near Hollywood's attractions.
      305 N 61St Ave, Hollywood, FL 33024
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    • $2,800 /Mo

      Hollywood Duplex with Open Layout

      Spacious 3 bed, 2 bath Hollywood duplex for rent.
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    • $3,000 /Mo

      Hollywood, FL Duplex For Rent

      Three-bedroom, two-bath duplex with updated features and large backyard.
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    • $2,650 /Mo

      Hollywood Triplex Unit For Rent

      Three-bedroom, two-bathroom unit with parking, laundry, and patio.
      6322-6324 Eaton St, Hollywood, FL 33024
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    • $2,200 /Mo

      Renovated Hollywood Unit For Rent

      Renovated 2-bedroom, 2-bathroom unit in Hollywood, FL available for rent.
      6051 Arthur St, Hollywood, FL 33024
      View Details
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    6115 Arthur St
    Hollywood, FL 33024
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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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