Full-Floor Office Condominium
For Sale
$1,750,000
1720 Harrison St, Hollywood, FL 33020
Move-in-ready full-floor office unit with private elevator access and a fully built-out interior plan.
Property Size5,581 SF
Price / SF$313.56
Days on Market194
Property Features for 1720 Harrison St
General Information
Standard status
Active
Size
5,581 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$18,175
Amenities
3
Building Details
Year Built
1964
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #BK3134747
(954) 453-1000
Source:
Xome
Added: Jan 26
Changed: Aug 7
Last Checked: Aug 7 at 1:25AM
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.
Unit #7A is a vacant, full-floor office condominium suite offered for sale. The space is fully built out and described as move-in ready, with private elevator access designed to provide added privacy and a dedicated arrival experience. The existing layout supports a range of office uses.
The property is located at 1720 Harrison Street in Downtown Hollywood on Young Circle. It is positioned near dining, retail, and major transportation corridors, supported by the area’s ongoing downtown activity.
As an owner-user or tenant-ready workspace, this suite offers a centralized, professional setting within a purpose-built condominium office environment.
The property is located at 1720 Harrison Street in Downtown Hollywood on Young Circle. It is positioned near dining, retail, and major transportation corridors, supported by the area’s ongoing downtown activity.
As an owner-user or tenant-ready workspace, this suite offers a centralized, professional setting within a purpose-built condominium office environment.
Key Highlights
- Fully built‑out, move‑in‑ready full‑floor office condominium unit #7A
- Private elevator access for the unit
- 3 guest facilities
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
$107,741
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
6.16%
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%
$2,154,820
$2.2M
Cap Rate 7%
$1,539,157
$1.5M
Cap Rate 9%
$1,197,122
$1.2M
Market Conditions
NOI Build-Up for 5,581 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
$184.2K $33.00/SF
− Vacancy
−$40.5K −$7.26/SF
EGI
$143.7K $25.74/SF
− OpEx
−$35.9K −$6.44/SF
NOI
$107.7K $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%
$2,154,820
Cap Rate 7%
$1,539,157
Cap Rate 9%
$1,197,122
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $107,741 @ 7.0% cap · market cap 6.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,830 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Move-in-ready full-floor office unit with private elevator access and a fully built-out interior plan.
Where is this office units located?
The property is located at 1720 Harrison St Hollywood, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully built‑out, move‑in‑ready full‑floor office condominium unit #7A; Private elevator access for the unit; 3 guest facilities
