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

    7081 Taft St Hollywood, FL 33024-3803

    • Office buildings
    • 1,513 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0864001
    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

    • Clearview Realty LLC / Real Estate Agency
    • Dark Moon Studio / Photography Studio
    • TJ Roofing & More / Roofing Contractor
    • Guardian Pools / Swimming Pool Contractor / Swimming Pool Repair Service
    • Hestetics / Laser Hair Removal Service

    Property Details for 7081 Taft St

    Year built
    1961
    Construction
    CONCRETE
    Lot size
    0.16 lot acres
    Property size
    1,513 SF
    Zone code
    O-1
    Property type
    Office buildings
    APN
    51-41-11-24-0590
    APU
    514111240590

    Description

    This exceptional 7081 Taft St. Hollywood, FL property, built in 1961, presents a unique investment opportunity priced at $1,400,000. Currently operating as a thriving chiropractic and aesthetics practice, this well-maintained building offers a turnkey solution for owner-users or investors seeking a high-visibility location. The 33024 zip code ensures convenient access for patients. Situated on Taft Street, the building boasts prominent street frontage, maximizing visibility and attracting clientele. The interior features a professional glass-enclosed reception area, creating an inviting atmosphere for patients. A convenient kitchenette and ample exterior storage enhance the functionality of the space. A private back entrance provides additional accessibility. All medical equipment is included in the sale, encompassing laser hair removal, facial, and cavitation machines, representing a significant value-add for the buyer. This versatile property is zoned for Retail, Office, and specifically categorized as Medical Office and Executive Office, making it suitable for a variety of uses. The building's prime location in Hollywood, Broward County, Florida, within a sought-after area, ensures strong potential for continued success and return on investment. This is an exceptional opportunity to acquire a profitable, established business or to establish your own practice in a high-demand area.

    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
    -80.23
    Latitude
    26.0245
    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
    $7,683
    $67,640
    $254,910
    $322,550
    -
    $67,640
    $254,910
    $322,550

    Comparable in this City

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      10011 Pnes Blvdmulti

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    • Value Estimation
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      6067 Hollywood Blvd

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    • Value Estimation
      $2,320,000
      12,297 SF

      7665 Davie Rd Ext

      OFFICE BUILDING (MULTI-STORY) • 12,297 SF
      7665 Davie Rd Ext, Hollywood, FL 33024-2600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,474 SF

      Office Building on Taft Street

      Office building with 24-hour access and abundant parking.
      6600 Taft St, Hollywood, FL 33024
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      12,189 SF

      University Drive Frontage Office Building

      Office building with frontage on University Drive, fully leased.
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      Furnished Retail Office Space

      Fully furnished 100 SF retail office space for lease.
      7601 Davie Road Ext, Davie, FL 33024
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      Commercial Property on Taft Street

      Commercial property with parking on a major street.
      6966 Taft St, Hollywood, FL 33024
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    • $3,688,000

      Remodeled Office Building on Corner Lot

      Freestanding, remodeled commercial building suitable for office or mixed-use purposes.
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      Hollywood Medical Office Building

      1,615 SF Medical Office - $699,000
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    Similar Nearby for Lease

    • $25 SF/Yr
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      Prime Medical Suites Available in South Florida
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    • $276 SF/Yr
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      Hollywood Office Space for Lease

      1,615 SF Office, Single Tenant, Broward County
      6740 Taft St, Hollywood, FL 33024
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    • $492 /Mo
      26,050 SF

      Pembroke Pines Office Space for Lease

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      Hollywood Office Space for Lease

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      Ground Floor Office For Rent

      Ground floor office space available immediately for rent.
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    Hollywood, FL 33024-3803
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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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