Ground-Floor Office Suite with
For Sale
$197,000
Pending
2450 Hollywood Blvd Unit CU101, Hollywood, FL 33020
Ground-floor office suite with private offices, reception area, kitchen, panoramic impact windows, and two deeded parking spaces.
Property Size510 SF
Days on Market2025
Property Features for 2450 Hollywood Blvd Unit CU101
General Information
Standard status
Pending
Size
510 SF
Total Parking Spaces
2
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,595
Amenities
full kitchen
security guard
3
2 Parking Spaces.
Building Details
Year Built
1975
Listing Agency:
Beachfront Realty Inc
(786) 208-0971
Listed By:
Gilbert Ackerman
(786) 208-0971
Source:
Xome
Added: Feb 13, 2021
Changed: Aug 8
Last Checked: Jul 27 at 2:31PM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This ground-floor office suite includes three large private offices and a large reception area. The unit also features a full kitchen and floor-to-ceiling East-facing panoramic impact windows. Two deeded assigned parking spaces are included, and security guard service is on duty.
The suite is located at 2450 Hollywood Blvd in Hollywood, Florida, within a first-class office building setting.
Designed for day-to-day client and staff use, the layout supports separate private workspaces alongside a dedicated reception area, with the kitchen facility located inside the unit.
The suite is located at 2450 Hollywood Blvd in Hollywood, Florida, within a first-class office building setting.
Designed for day-to-day client and staff use, the layout supports separate private workspaces alongside a dedicated reception area, with the kitchen facility located inside the unit.
Key Highlights
- Ground‑floor office suite in Hollywood, FL with 3 large private offices and a large reception area
- Floor‑to‑ceiling East‑facing panoramic impact windows
- Includes a full kitchen inside the unit
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
$9,846
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
5.00%
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%
$196,920
$196.9K
Cap Rate 7%
$140,657
$140.7K
Cap Rate 9%
$109,400
$109.4K
Market Conditions
NOI Build-Up for 510 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
$16.8K $33.00/SF
− Vacancy
−$3.7K −$7.26/SF
EGI
$13.1K $25.74/SF
− OpEx
−$3.3K −$6.44/SF
NOI
$9.8K $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%
$196,920
Cap Rate 7%
$140,657
Cap Rate 9%
$109,400
Alternative Uses
Best Use
Office B
$140.7K
$123.1K – $164.1K
NOI $9,846 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.5K
$174.6K – $232.8K
NOI $13,966 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,422
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
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 - Ground-floor office suite with private offices, reception area, kitchen, panoramic impact windows, and two deeded parking spaces.
Where is this office units located?
The property is located at 2450 Hollywood Blvd Unit CU101 Hollywood, FL.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: Ground‑floor office suite in Hollywood, FL with 3 large private offices and a large reception area; Floor‑to‑ceiling East‑facing panoramic impact windows; Includes a full kitchen inside the unit
