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    777 Ocean Dr Hollywood, FL 33019
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    777 Ocean Dr, Hollywood, FL 33019

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    • Investment properties
    • 848 SF
    For Sale
    $1,400,000
    View Listing →
    Hollywood Beach Commercial Space For Sale
    $1,400,000
    2,091 SF

    Hollywood Beach Commercial Space

    Prime Location, 2,091 sq ft, Vacant

    777 Ocean Dr, Hollywood, FL 33019
    View Listing
    Property ID
    US18-8097691
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LibertyX Bitcoin ATM / Atm
    • Sunset Club | Rooftop Bar & Lounge / Bar & Pub
    • Castro Dumpster Services / Waste Management Facility
    • Hollywood Beach Condo Vacation / Hotel & Motel / Resort
    • Cielo Stays / Vacation Rental / Real Estate Agency

    Property Details for 777 Ocean Dr

    Year built
    2018
    Construction
    CONCRETE
    Zone code
    PD
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    51-42-13-AP-0010
    APU
    514213AP0010

    Description

    This exceptional 1,801 square foot executive office or medical office suite is located in a brand new building at 777 N Ocean Dr #N107, offering stunning ocean views. Situated in a vibrant multi-block district, this single-tenant space is steps from the beach and the Hollywood Broadwalk, surrounded by hotels, shops, restaurants, and offices. The suite is delivered in shell condition, providing a blank canvas for your ideal build-out. This presents a unique opportunity to create a customized workspace tailored to your specific business needs. The property is part of a six-story building (APN: 514213AP0060) and is ideally suited for businesses seeking a high-profile location in a bustling tourist area. The lease rate is $60.00 per square foot per year, plus triple net. An adjacent, similarly sized suite (#N106) is also available for lease, offering the possibility of expanding your footprint. This prime location ensures high visibility and accessibility for clients and employees alike. Don't miss this chance to establish your business in this exceptional oceanfront property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1166
    Latitude
    26.017
    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
    $8,461
    $36,170
    $325,520
    $361,690
    -
    $36,170
    $325,520
    $361,690

    Comparable in this City

    • Value Estimation by Request
      823 SF

      3800 Ocean Dr Ste, Unit 201

      OFFICE/RESIDENTIAL (MIXED USE)
      3800 Ocean Dr Ste, Hollywood, FL 33019-2915
      View Details
    • Value Estimation by Request
      1,226 SF

      3800 Ocean Dr Ste, Unit 212

      OFFICE/RESIDENTIAL (MIXED USE)
      3800 Ocean Dr Ste, Hollywood, FL 33019-2915
      View Details
    • Value Estimation by Request
      882 SF

      3800 Ocean Dr Ste, Unit 218

      OFFICE/RESIDENTIAL (MIXED USE)
      3800 Ocean Dr Ste, Hollywood, FL 33019-2915
      View Details
    • Value Estimation by Request
      980 SF

      3800 Ocean Dr Ste, Unit 219

      OFFICE/RESIDENTIAL (MIXED USE)
      3800 Ocean Dr Ste, Hollywood, FL 33019-2915
      View Details
    • Value Estimation by Request
      2,068 SF

      3800 Ocean Dr Ste, Unit 230

      OFFICE/RESIDENTIAL (MIXED USE)
      3800 Ocean Dr Ste, Hollywood, FL 33019-2930
      View Details
    • Value Estimation by Request
      891 SF

      3800 Ocean Dr Ste, Unit 238

      OFFICE/RESIDENTIAL (MIXED USE)
      3800 Ocean Dr Ste, Hollywood, FL 33019-2938
      View Details

    Similar Nearby for Sale

    • $1,400,000
      2,091 SF

      Hollywood Beach Commercial Space

      Prime Location, 2,091 sq ft, Vacant
      777 Ocean Dr, Hollywood, FL 33019
      View Details
    • New
      $6,200,000
      8,240 SF

      Oceanfront Multifamily Building in Hollywood

      Unique oceanfront three-unit building with potential for commercial repurposing.
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      View Details
    • $3,750,000
      0.15 Acres

      Beachfront Multi-Family Investment

      Six-Unit Hollywood Beach Property - Turnkey
      323 Monroe St, Hollywood, FL 33019
      View Details

    Similar Nearby for Lease

    • $3,900 /Mo
      882 SF

      Hollywood Ocean Drive Office Space

      Professional 882 SF office space with ocean views for lease.
      3800 S Ocean Dr, Hollywood, FL 33019
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    • $1,150 /Mo
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      Executive Suite in Hollywood, FL

      Class A executive suite available for lease in Hollywood, FL.
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      Discover many ways to work your way in Cornerstone Corporate
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      1,884 SF

      Hallmark Building Office Space

      Professional office space in Hollywood, FL, ideal for various practices.
      3800 S Ocean Dr, Hollywood, FL 33019
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    View Listing
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    Hollywood, FL 33019
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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.

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