Two-Suite Office
New
For Sale
$250,000
1720 HARRISON St 18C, Hollywood, FL 33020
Two leased suites provide an established office configuration in Downtown Hollywood.
Property Size1,155 SF
Price / SF$217.39
Days on Market3
Property Features for 1720 HARRISON St 18C
General Information
Standard status
Active
Size
1,155 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,993
Building Details
Building Size
1,155 SF
Year Built
1963
Buildings
1
Stories
19
Units
1
Tenancy
Multi
Listing Agency:
(561) 558-5058
Listed By:
Mauricio Y. Levi
(561) 558-5058
Source:
Elliman
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 3:55AM
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 Mauricio Y. Levi
Investment Insights
Based on property information with market context.
This office condominium at 1720 Harrison Street, Unit 18C, contains 1,150 square feet arranged as two separate office suites. Both suites are currently leased, providing a defined configuration within a professional office property built in 1963.
The property is near Young Circle in Downtown Hollywood, with access to I-95, US-1, Florida’s Turnpike, and Fort Lauderdale-Hollywood International Airport. The surrounding area includes ArtsPark at Young Circle and a mix of residences, offices, restaurants, retail, hotels, parks, and entertainment. The location records a 58 Walk Score, 53 Bike Score, and 38 Transit Score.
The property is near Young Circle in Downtown Hollywood, with access to I-95, US-1, Florida’s Turnpike, and Fort Lauderdale-Hollywood International Airport. The surrounding area includes ArtsPark at Young Circle and a mix of residences, offices, restaurants, retail, hotels, parks, and entertainment. The location records a 58 Walk Score, 53 Bike Score, and 38 Transit Score.
Key Highlights
- 1,150 SF office condominium at 1720 Harrison Street, Unit 18C
- Configured as two separate office suites
- Both office suites are currently leased
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
$22,201
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
8.88%
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%
$444,020
$444.0K
Cap Rate 7%
$317,157
$317.2K
Cap Rate 9%
$246,678
$246.7K
Market Conditions
NOI Build-Up for 1,150 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
$38.0K $33.00/SF
− Vacancy
−$8.3K −$7.26/SF
EGI
$29.6K $25.74/SF
− OpEx
−$7.4K −$6.44/SF
NOI
$22.2K $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%
$444,020
Cap Rate 7%
$317,157
Cap Rate 9%
$246,678
Alternative Uses
Best Use
Office B
$317.2K
$277.5K – $370.0K
NOI $22,201 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$449.9K
$393.7K – $524.9K
NOI $31,492 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,242
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 - Two leased suites provide an established office configuration in Downtown Hollywood.
Where is this office units located?
The property is located at 1720 HARRISON St 18C Hollywood, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,150 SF office condominium at 1720 Harrison Street, Unit 18C; Configured as two separate office suites; Both office suites are currently leased
