5822 Dewey StHollywood, FL 33023

Property Details for 5822 Dewey St

Year built

1956

Construction

CONCRETE

Lot size

0.12 AC

Property size (Sq ft)

1,192 SF

Zone code

S-MU

Property type

Office properties

Property subtype

Office buildings

APN

51-41-24-15-0260

APU

514124150260

Description

This Hollywood, Florida office building presents a lucrative investment opportunity. Located at 5822 Dewey St, 33023, this single-story, 1,200 square foot property sits on a generous 5,244 square foot lot and boasts a 5.90% cap rate. Built in 1956, the building has undergone renovations, featuring three individual office spaces, two bathrooms, a reception area with waiting room, and a kitchenette. Additional amenities include a gated entrance, a carport, and extra storage space ideal for inventory or equipment. The ample parking accommodates approximately 20 vehicles. Conveniently located less than a block from 441 and approximately 10 miles from Fort Lauderdale-Hollywood International Airport (FLL), this property offers excellent accessibility and strong cash flow potential. The building's layout and features make it suitable for a variety of professional uses. This is a prime opportunity for investors seeking a strong return on investment in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $343,075

  6.5%

  $316,684

  7%

  $294,064

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,225

  Geo Method

  $511,225

• Alternative Use

  Use

  Valuation

  Residential

  $392,688

  Hospitality

  $359,700

  Educational

  $299,267

  Medical

  $309,559

  Retail

  $465,526

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0016

Longitude

-80.2041

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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