7-Suite Office
New
For Sale
$1,399,000
1720 Harrison St 5a, Hollywood, FL 33020
Seven office suites share a floor with a pool, fitness center, mail room, and common restrooms.
Property Size2,960 SF
Price / SF$472.64
Days on Market7
Property Features for 1720 Harrison St 5a
General Information
Standard status
Active
Size
2,960 SF
Zoning
YC
Site & Location
Neighborhood
Hollywood Lakes
Taxes and HOA fees
Annual Taxes
$10,869
Amenities
7
5460
2960
Building Details
Building Size
2,960 SF
Year Built
1963
Listing Agency:
RE/MAX 5 Star Realty
(786) 744-4615
Listed By:
Maria Nazur
Source:
Lacostahomesrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 31 at 2:37AM
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
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Investment Insights
Based on property information with market context.
This office condominium is divided into seven suites and has existing rental income. The property was built in 1963 and is zoned YC. A rooftop terrace of approximately 2,500 SF is also noted.
The suites are on the same floor as the building’s pool, fitness center, mail room, and common restrooms. The property is located in Downtown Hollywood.
The suites are on the same floor as the building’s pool, fitness center, mail room, and common restrooms. The property is located in Downtown Hollywood.
Key Highlights
- Seven separate office suites in a commercial condominium
- Existing rental income
- Approximately 2,500 SF rooftop terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,143
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,860
$1.1M
Cap Rate 7%
$816,329
$816.3K
Cap Rate 9%
$634,922
$634.9K
Market Conditions
NOI Build-Up for 2,960 SF
Gross rent
$97.7K $33.00/SF
− Vacancy
−$21.5K −$7.26/SF
EGI
$76.2K $25.74/SF
− OpEx
−$19.0K −$6.44/SF
NOI
$57.1K $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 Rate 5%
$1,142,860
Cap Rate 7%
$816,329
Cap Rate 9%
$634,922
Alternative Uses
Best Use
Office B
$816.3K
$714.3K – $952.4K
NOI $57,143 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,057 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,242
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office unit - Seven office suites share a floor with a pool, fitness center, mail room, and common restrooms.
Where is this office unit located?
The property is located at 1720 Harrison St 5a Hollywood, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Seven separate office suites in a commercial condominium; Existing rental income; Approximately 2,500 SF rooftop terrace
