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    Property profile & analytics

    6621 Taft St Hollywood, FL 33024-4010

    • Grocery and convenience stores
    • 788 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2024
    $400,000
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    2.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US18-3651418
    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

    • Mamalena FoodTruck / Delivery Restaurant / Restaurant
    • Super Stop / Convenience Store
    • Hardy Commercial Cleaners Inc. / Commercial Cleaning Service

    Property Details for 6621 Taft St

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    0.34 lot acres
    Property size
    788 SF
    Zone code
    C-3
    Property type
    Grocery and convenience stores
    APN
    51-41-11-00-0021
    APU
    514111000021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $441,000
      Market price range: $177k - $441k
      AI Estimate
      $299,000
      Market price range: $125k - $301k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $525,000
      Current use
      AUTO REPAIR, GARAGE
      $465,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2214
    Latitude
    26.0249
    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
    $6,468
    $220,020
    $39,700
    $259,720
    -
    $220,020
    $39,700
    $259,720

    Comparable in this City

    • Value Estimation
      $290,000
      942 SF

      7214 Taft St

      CONVENIENCE STORE • 942 SF
      7214 Taft St, Hollywood, FL 33024-5430
      View Details
    • Value Estimation
      $865,000
      16,604 SF

      4298 University Dr

      GROCERY, SUPERMARKET • 16,604 SF
      4298 University Dr, Hollywood, FL 33024-2226
      View Details
    • Value Estimation
      $1,220,000
      63,997 SF

      8030 Pnes Blvd

      GROCERY, SUPERMARKET • 63,997 SF
      8030 Pnes Blvd, Pembroke Pines, FL 33024-6708
      View Details
    • Value Estimation
      $280,000
      691 SF

      8100 Pasadena Blvd

      CONVENIENCE STORE • 691 SF
      8100 Pasadena Blvd, Pembroke Pines, FL 33024-3539
      View Details
    • Value Estimation
      $415,000
      2,777 SF

      2600 72nd Ave

      CONVENIENCE STORE • 2,777 SF
      2600 72nd Ave, Hollywood, FL 33024-3728
      View Details
    • Value Estimation by Request
      876 SF

      6341 Johnson St

      CONVENIENCE STORE • 876 SF
      6341 Johnson St, Hollywood, FL 33024-7721
      View Details

    Similar Nearby for Sale

    • $650,000

      Prime Pembroke Pines Retail Center

      Gas Station & Convenience Store - High Traffic
      1700 University Dr, Pembroke Pines, FL 33024
      View Details
    • $900,000

      Drive-Thru Convenience Store For Sale

      Commercial drive-thru convenience store in Pembroke Pines, Florida.
      7761 Johnson St, Pembroke Pines, FL 33024
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    • $85,000

      Retail Store in Palm Square

      Retail store in Palm Square, Pembroke Pines, Broward County.
      9837 Pines Blvd, Hollywood, FL 33024
      View Details
    • Contact for pricing

      Retail/Office Space in Cooper Square

      780 sq ft retail/office space in high-traffic area.
      9620 Stirling Rd Stirling Rd, Cooper City, FL 33024
      View Details
    • $150,000

      Profitable Salon Business Opportunity

      Luxury hair salon for sale with loyal client base.
      9660 Pines Blvd, Pembroke Pines, FL 33024
      View Details
    • $99,000

      Established Hair Salon Business Opportunity

      Profitable hair salon business for sale in Pembroke Pines, Florida.
      7991 Johnson St, Pembroke Pines, FL 33024
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,000 SF

      Retail Space in High-Traffic Center

      Retail space available in a 41,300 SF shopping center.
      7335-7399 Davie Road Ext, Hollywood, FL 33024
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on University Drive

      2,400 SF retail space with high visibility available for rent.
      5101-5199 S University Dr, Davie, FL 33024
      View Details
    • $30 SF/Yr
      1,402 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Broward County with strong demographics.
      9259 Sheridan St, Hollywood, FL 33024
      View Details
    • $3,000 /Mo

      Commercial Space in Cooper City

      Prime Cooper City location, ideal for various businesses.
      9640 Stirling Rd, Hollywood, FL 33024
      View Details
    • Contact for pricing
      4,415 SF

      Regional Retail Destination For Rent

      Regional retail destination with strong anchor tenants available for lease.
      1902-2300 S University Dr, Davie, FL 33024
      View Details
    • $18 SF/Yr
      77,000 SF

      Hollywood Showroom Spaces Available

      Prime Retail, Multiple Units, SW Broward
      840 State Road 7, Hollywood, FL 33024
      View Details
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    6621 Taft St
    Hollywood, FL 33024-4010
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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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