1201 Federal HwyHollywood, FL 33020

Property Details for 1201 Federal Hwy

Year built

1952

Construction

CONCRETE

Lot size

0.23 AC

Property size (Sq ft)

3,582 SF

Zone code

FH-2

Property type

Motels

APN

51-42-22-09-0950

APU

514222090950

Description

This exceptional investment opportunity presents a 28-key hotel in Hollywood, Florida, boasting a recent 2023 renovation. The 9,837 square foot property, built in 1952 and comprised of four single-story buildings, offers a stabilized NOI of $458,000 and a pro-forma NOI of $556,000, translating to a 6.20% cap rate and a pro-forma cap rate of 7.60%, respectively. The asking price is $7,100,000, or $721.76 per square foot and $253,571.43 per key. The property's strategic location between Fort Lauderdale Airport and Miami offers significant upside potential. The motel features 15 recently renovated rooms, and the property includes additional multifamily units (details available upon request). This presents a compelling opportunity for investors seeking a strong return in a prime South Florida location. The property's roof was completed in 2023. Additional buildings on the property include a four-unit building with a roof approximately 10 years old, a seven-unit apartment building (all one-bedroom, one-bathroom units) with a roof approximately 10 years old, and a duplex with large one-bedroom, one-bathroom units and a four-year-old roof.

• CAP approach

  CAP return

  Valuation

  6%

  $1,048,850

  6.5%

  $968,171

  7%

  $899,016

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,305,810

  Geo Method

  $1,305,810

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,898,660

  Retail / Commercial

  $1,435,680

  Mixed-Use / Specialty

  $1,390,580

  Office

  $1,340,680

  Institutional / Educational

  $1,431,350

  Residential Income

  $1,674,680

  Multifamily

  $2,230,170

  Automotive / Energy

  $1,226,870

  Parking / Income-Based Land

  $462,880

  Restaurant / Food Service

  $637,924

  Healthcare / Senior Housing

  $1,467,010

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0011

Longitude

-80.1425

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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