Professional Office Space in
For Sale
$375,000
1720 Harrison St 8C, Hollywood, FL 33020
Office space near Young Circle Hollywood with mixed-use amenities.
Property Size744 SF
Lot Size0.57 Acres
Days on Market156
Property Features for 1720 Harrison St 8C
General Information
Standard status
Active
Size
744 SF
Lot size
0.57 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,109
Building Details
Building Size
744 SF
Stories
19
Listing Agency:
Attorneys Property Group, LLC.
(954) 601-5600
Listed By:
Gary Mansfield · License #0705744
(954) 601-5600
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:10PM
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 Attorneys Property Group, LLC.
Investment Insights
Based on property information with market context.
This professional office space is situated in the heart of Hollywood, just south of Young Circle. The unit features a waiting and reception area, a conference room, two additional offices, and another office equipped with a sink and kitchenette. A half bathroom and security cameras are also included. The building is a 19-story mixed-use condominium tower that includes residential and commercial units. Building amenities include a pool, gym, and conference room. The building has security access, and elevators are locked down for commercial units during non-business days and hours; owners have access devices for all hours. There is no on-site parking; however, numerous public parking garages are located near the building. Hollywood is experiencing tremendous growth, presenting a great opportunity for business. The monthly maintenance fee is $1028.
Key Highlights
- Prime location in the heart of Hollywood, south of Young Circle.
- Professional office space with waiting/reception area, conference room, and multiple offices.
- Building amenities include pool, gym, and conference room.
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
$14,363
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
3.83%
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%
$287,260
$287.3K
Cap Rate 7%
$205,186
$205.2K
Cap Rate 9%
$159,589
$159.6K
Market Conditions
NOI Build-Up for 744 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
$24.6K $33.00/SF
− Vacancy
−$5.4K −$7.26/SF
EGI
$19.2K $25.74/SF
− OpEx
−$4.8K −$6.44/SF
NOI
$14.4K $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%
$287,260
Cap Rate 7%
$205,186
Cap Rate 9%
$159,589
Alternative Uses
Best Use
Office B
$205.2K
$179.5K – $239.4K
NOI $14,363 @ 7.0% cap · market cap 3.83%
Second Best
Mixed Use
$143.5K
$125.6K – $167.4K
NOI $10,044 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$291.1K
$254.7K – $339.6K
NOI $20,374 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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Frequently Asked Questions
What type of property is this?
Office units - Office space near Young Circle Hollywood with mixed-use amenities.
Where is this office units located?
The property is located at 1720 Harrison St 8C Hollywood, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime location in the heart of Hollywood, south of Young Circle.; Professional office space with waiting/reception area, conference room, and multiple offices.; Building amenities include **pool, gym, and conference room.**
