Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hollywood Blvd Hollywood, FL 33023
    Back to Search
    Property profile & analytics

    Hollywood Blvd, Hollywood, FL 33023

    View on Map
    • Parking lots & garages
    • 2.87 lot acres
    Off-Market
    Last Sale Apr 18, 2023
    $49,000,000
    Property ID
    US18-8405556
    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
    $46,565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for Hollywood Blvd

    Year built
    2015
    Lot size
    2.87 lot acres
    Zone code
    S-MU
    Property type
    Parking lots & garages
    APN
    51-41-13-37-0011
    APU
    514113370011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 18, 2023 — South Broward Hospital District 441 Made Property Investments LLC Assignment Of Lease (leasehold Sale) —
    Nov 21, 2022 $7,000,000 441 Made Property Investments LLC Chai Developers Limited Partnership Warranty Deed $8.2M · City National Bank Of Florida

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $41,690,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2057
    Latitude
    26.0091
    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
    $9,833
    $1,500,580
    $219,500
    $1,720,080
    -
    $1,500,580
    $219,500
    $1,720,080

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      35th St

      PARKING LOT
      35th St, Miramar, FL 33023
      View Details
    • Value Estimation by Request
      0.15 Acres

      61 Ter Ter

      PARKING LOT
      61 Ter Ter, Hollywood, FL 33023
      View Details
    • Value Estimation by Request
      0.06 Acres

      2201 56th Ter

      PARKING LOT
      2201 56th Ter, West Park, FL 33023-3013
      View Details
    • Value Estimation by Request
      0.03 Acres

      2240 59th Ave

      PARKING LOT
      2240 59th Ave, Hollywood, FL 33023
      View Details
    • Value Estimation by Request
      0.15 Acres

      6400 Pembroke Rd

      PARKING LOT
      6400 Pembroke Rd, Miramar, FL 33023-2138
      View Details
    • Value Estimation by Request
      0.13 Acres

      6024 Washington St

      PARKING LOT
      6024 Washington St, Hollywood, FL 33023-1367
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Investment Property For Sale

      Parking lot and fully leased building with high visibility.
      6400 Pembroke Rd, Miramar, FL 33023
      View Details
    • $135,000

      Profitable Mechanic Shop For Sale

      Profitable mechanic shop with steady clientele in West Park, FL.
      / Hollywood Profitable Mechanic Shop For Sale In Park West, West Park, FL 33023
      View Details
    • Contact for pricing

      Dewey Street Automotive Commercial Property

      Commercial-industrial property in established automotive district, ideal for various uses.
      5824 Dewey St, Hollywood, FL 33023
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      8,089 SF

      West Park Industrial Space Available

      Warehouse, yard space, and auto repair potential in West Park.
      West Park, FL 33023
      View Details
    • $6,990 /Mo
      10,489 SF

      Prime Automotive Commercial-Industrial Opportunity

      Versatile space in established automotive district, ideal for various uses.
      5824 Dewey St, Hollywood, FL 33023
      View Details
    • Contact for pricing

      Retail Spaces For Lease

      Retail spaces available in vibrant Hollywood, Florida.
      840 S State Road 7, Hollywood, FL 33023
      View Details
    • Contact for pricing
      586 SF

      Retail Space Near Florida Turnpike

      Retail space with ample parking and easy highway access.
      6890 Miramar Pkwy, Miramar, FL 33023
      View Details
    • Contact for pricing
      750 SF

      Miramar Retail Space with Drive-Thru

      Retail space with drive-thru, high visibility, and convenient access.
      7950-7968 Miramar Pkwy, Miramar, FL 33023
      View Details
    • $3 SF/Yr
      4,500 SF

      Hollywood Retail Space - 4500 SF

      Prime Hollywood retail space, ample parking.
      5981 Funston St, Hollywood, FL 33023
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Hollywood Blvd
    Hollywood, FL 33023
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Hollywood Blvd, Hollywood, FL, 33023
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!