Office Building Adjacent to Mixed-Use
For Sale
Contact for pricing
2455 E Sunrise Blvd, Fort Lauderdale, FL 33304
Office building adjacent to a planned mixed-use development with 180 multifamily units.
Property Size1,495 SF
Price / SF$325
Days on Market532
Property Features for 2455 E Sunrise Blvd
General Information
Standard status
Active
Size
1,495 SF
Property subtype
OFFICE
Listing Agency:
Level Realty
(954) 372-7280
Listed By:
Daniel Perez · License #3511286
(954) 937-0740
Source:
Moodyscre
Added: Apr 4, 2025
Changed: Sep 13
Last Checked: Sep 16 at 7:57PM
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 Level Realty
Investment Insights
Based on property information with market context.
The Galleria Corporate Center is an office building totaling 1,495 square feet, located at 2455 E Sunrise Blvd in Fort Lauderdale’s Coral Ridge area.
An adjacent lot is planned for a mixed-use development that includes 180 multifamily units, along with 4,400 square feet of restaurant space, 1,350 square feet of retail, and 5,750 square feet of office space. The proximity to this planned mix may support a range of everyday tenant and visitor needs in the same corridor.
This offering is presented as a for-sale office property and benefits from its place within a neighborhood context where new residential and commercial components are being developed on the neighboring parcel.
An adjacent lot is planned for a mixed-use development that includes 180 multifamily units, along with 4,400 square feet of restaurant space, 1,350 square feet of retail, and 5,750 square feet of office space. The proximity to this planned mix may support a range of everyday tenant and visitor needs in the same corridor.
This offering is presented as a for-sale office property and benefits from its place within a neighborhood context where new residential and commercial components are being developed on the neighboring parcel.
Key Highlights
- 1,495 square feet office building at 2455 E Sunrise Blvd
- Galleria Corporate Center office property for sale
- Adjacent lot planned for mixed‑use: 180 multifamily 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
$42,948
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
8.84%
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%
$858,960
$859.0K
Cap Rate 7%
$613,543
$613.5K
Cap Rate 9%
$477,200
$477.2K
Market Conditions
NOI Build-Up for 1,495 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
$68.2K $45.60/SF
− Vacancy
−$10.9K −$7.30/SF
EGI
$57.3K $38.30/SF
− OpEx
−$14.3K −$9.58/SF
NOI
$42.9K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /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%
$858,960
Cap Rate 7%
$613,543
Cap Rate 9%
$477,200
Alternative Uses
Best Use
Office B
$613.5K
$536.9K – $715.8K
NOI $42,948 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,325 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
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Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Office building - Office building adjacent to a planned mixed-use development with 180 multifamily units.
Where is this office building located?
The property is located at 2455 E Sunrise Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $485,875.
What are key features of this property?
This property features: 1,495 square feet office building at 2455 E Sunrise Blvd; Galleria Corporate Center office property for sale; Adjacent lot planned for mixed‑use: 180 multifamily units
