Two-Suite Office
For Sale
$250,000
1720 Harrison Street 18c, Hollywood, FL 33020
Downtown Hollywood office condominium with two separately configured suites, both currently leased.
Property Size1,155 SF
Price / SF$216.45
Days on Market60
Property Features for 1720 Harrison Street 18c
General Information
Standard status
Active
Size
1,155 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1963
Tenancy
Multi
Listing Agency:
The Keyes Company
Listed By:
Mauricio Y. Levi · License #3409602
(561) 405-4960
Source:
Chenoregroup
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 7 at 1:21PM
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 The Keyes Company
Investment Insights
Based on property information with market context.
This office condominium at 1720 Harrison Street, Unit 18C, is arranged as two office suites that are both currently leased. The property was built in 1963 and offers an established professional office configuration within a condominium setting.
The unit is near Young Circle in Downtown Hollywood, with access to I-95, US-1, Florida's Turnpike, and Fort Lauderdale-Hollywood International Airport. ArtsPark at Young Circle serves as a nearby downtown anchor, surrounded by residences, offices, restaurants, retail, hotels, parks, and entertainment venues. A public parking garage has been proposed for the adjacent vacant lot, with the project currently in its initial phase.
The unit is near Young Circle in Downtown Hollywood, with access to I-95, US-1, Florida's Turnpike, and Fort Lauderdale-Hollywood International Airport. ArtsPark at Young Circle serves as a nearby downtown anchor, surrounded by residences, offices, restaurants, retail, hotels, parks, and entertainment venues. A public parking garage has been proposed for the adjacent vacant lot, with the project currently in its initial phase.
Key Highlights
- Two office suites within a single office condominium unit
- Both suites are currently leased
- 1720 Harrison Street, Unit 18C, Hollywood, FL
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,297
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,940
$445.9K
Cap Rate 7%
$318,529
$318.5K
Cap Rate 9%
$247,744
$247.7K
Market Conditions
NOI Build-Up for 1,155 SF
Gross rent
$38.1K $33.00/SF
− Vacancy
−$8.4K −$7.26/SF
EGI
$29.7K $25.74/SF
− OpEx
−$7.4K −$6.44/SF
NOI
$22.3K $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%
$445,940
Cap Rate 7%
$318,529
Cap Rate 9%
$247,744
Alternative Uses
Best Use
Office B
$318.5K
$278.7K – $371.6K
NOI $22,297 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.8K
$395.4K – $527.2K
NOI $31,629 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Downtown Hollywood office condominium with two separately configured suites, both currently leased.
Where is this office units located?
The property is located at 1720 Harrison Street 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: Two office suites within a single office condominium unit; Both suites are currently leased; 1720 Harrison Street, Unit 18C, Hollywood, FL
