Combined Office Units with
For Sale
$399,000
2450 HOLLYWOOD Boulevard, Hollywood, FL
Commercial Sale, Hollywood, FL
Property Size860 SF
Price / SF$463.95
Days on Market50
Property Features for 2450 HOLLYWOOD Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
RC-1
Parking
2
Security features
Security
Subdivision
3050
Standard status
Active
APN
514216jb0221
Size
860 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
CENTER COURT COMMERCIAL CONDO UNIT CU-307 PER CDO CIN #106926891
Tax Annual Amount
1783
Legal Description
CENTER COURT COMMERCIAL CONDO UNIT CU-307 PER CDO CIN #106926891
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
professional lobby
Building Details
Year built
1975
Building materials
Concrete Block - With Stucco
Listing Agency:
Keller Williams Realty Profess
(954) 630-7020
Listed By:
Michael J Baran · License #3180096
(954) 593-7467
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 31 at 8:06AM
MLS# B26052698
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 860-square-foot office property combines two office condominium units within a professional commercial building. The interior includes a reception and primary work area, a separate executive office or conference room, a kitchen and break room, plus storage. Two newer A/C units provide cooling, while central heating supports year-round comfort. The property is zoned RC-1 and includes two deeded parking spaces along with guest parking for visitors.
Building amenities include a professional lobby and elevator service. The property is positioned on Hollywood Boulevard with access to I-95 and US-1, and is within reach of Downtown Hollywood, Fort Lauderdale, and Miami. Public water and public sewer serve the property, and the building was constructed in 1975.
Building amenities include a professional lobby and elevator service. The property is positioned on Hollywood Boulevard with access to I-95 and US-1, and is within reach of Downtown Hollywood, Fort Lauderdale, and Miami. Public water and public sewer serve the property, and the building was constructed in 1975.
Key Highlights
- 860 SF across two combined office condo units
- Reception area, private executive office or conference room, kitchen/break room, and storage
- Two deeded parking spaces plus guest parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,602
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$332,040
$332.0K
Cap Rate 7%
$237,171
$237.2K
Cap Rate 9%
$184,467
$184.5K
Market Conditions
NOI Build-Up for 860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.4K $33.00/SF
− Vacancy
−$6.2K −$7.26/SF
EGI
$22.1K $25.74/SF
− OpEx
−$5.5K −$6.44/SF
NOI
$16.6K $19.31/SF
Area
Hollywood, FL
Vacancy
22.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$332,040
Cap Rate 7%
$237,171
Cap Rate 9%
$184,467
Alternative Uses
Best Use
Office B
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.4K
$294.4K – $392.5K
NOI $23,550 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,422
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible professional office configuration with private offices, break room, storage, elevator access, and central air conditioning.
Where is this office units located?
The property is located at 2450 HOLLYWOOD Boulevard Hollywood, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 860 SF across two combined office condo units; Reception area, private executive office or conference room, kitchen/break room, and storage; Two deeded parking spaces plus guest parking
