Two-Story Professional Office
For Sale
$1,550,000
2200 Hollywood Blvd, Hollywood, FL 33020
Two-story office includes private offices, conference room, cubicles, reception area, elevator, and two new AC units.
Property Size3,331 SF
Price / SF$465.33
Days on Market49
Property Features for 2200 Hollywood Blvd
General Information
Standard status
Active
Size
3,331 SF
Total Parking Spaces
5
Additional Details
Furnished
Yes
Amenities
private offices
conference room
cubicle workspaces
reception desk area
kitchenette
washer/dryer
elevator
air conditioning
Building Details
Year Built
1973
Stories
2
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
Max Smith · License #A12059475
(954) 417-9819
Source:
Mymiahomes
Added: Jul 26
Changed: Sep 9
Last Checked: Sep 11 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This two-story professional office building is designed for efficient day-to-day operations, featuring a reception area, private offices, a large conference room, and five open cubicle workspaces. The space is supported by a recently installed elevator and two new AC units, with additional convenience items including a kitchenette, washer/dryer, and four bathrooms, one with a shower.
Located on the boulevard near downtown Hollywood, the property is within walking distance of downtown restaurants and amenities, supporting strong accessibility for clients and staff. Out back, there is a shared parking lot with five spaces, and the side yard offers an opportunity to add additional parking.
The turn-key building is offered fully furnished, and seller financing is available. Showings are by appointment only.
Located on the boulevard near downtown Hollywood, the property is within walking distance of downtown restaurants and amenities, supporting strong accessibility for clients and staff. Out back, there is a shared parking lot with five spaces, and the side yard offers an opportunity to add additional parking.
The turn-key building is offered fully furnished, and seller financing is available. Showings are by appointment only.
Key Highlights
- Two‑story professional office building built in 1973 with over 3,300 SF
- Includes private offices, large conference room, five open cubicle workspaces, and a reception desk area
- Recent upgrades: new elevator plus two new AC units
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
$64,305
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
4.15%
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%
$1,286,100
$1.3M
Cap Rate 7%
$918,643
$918.6K
Cap Rate 9%
$714,500
$714.5K
Market Conditions
NOI Build-Up for 3,331 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
$109.9K $33.00/SF
− Vacancy
−$24.2K −$7.26/SF
EGI
$85.7K $25.74/SF
− OpEx
−$21.4K −$6.44/SF
NOI
$64.3K $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%
$1,286,100
Cap Rate 7%
$918,643
Cap Rate 9%
$714,500
Alternative Uses
Best Use
Office B
$918.6K
$803.8K – $1.07M
NOI $64,305 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,216 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office includes private offices, conference room, cubicles, reception area, elevator, and two new AC units.
Where is this office building located?
The property is located at 2200 Hollywood Blvd Hollywood, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two‑story professional office building built in 1973 with over 3,300 SF; Includes private offices, large conference room, five open cubicle workspaces, and a reception desk area; Recent upgrades: new elevator plus two new AC units
