Office Condo With Two
For Sale
$250,000
18c-1720 Harrison St, Hollywood, FL 33019
Two leased office suites provide an established professional workspace in Downtown Hollywood near Young Circle.
Property Size1,150 SF
Price / SF$217.39
Days on Market18
Property Features for 18c-1720 Harrison St
General Information
Standard status
Active
Size
1,150 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,993
Listing Agency:
The Keyes Company
(561) 558-5058
Listed By:
Mauricio Y. Levi
(561) 558-5058
Source:
Exprealty
Added: Aug 10
Changed: Aug 21
Last Checked: Aug 26 at 12:02PM
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, contains 1,150 SF arranged as two separate office suites. Both suites are currently leased, creating an existing occupancy profile within a professional office setting. The configuration may also support an owner-user structure, subject to the applicable lease arrangements.
The property is positioned 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 within an area that includes residences, offices, restaurants, retail, hotels, parks, and entertainment. A public parking garage has been proposed on the adjacent vacant lot and is in its initial phase.
The property is positioned 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 within an area that includes residences, offices, restaurants, retail, hotels, parks, and entertainment. A public parking garage has been proposed on the adjacent vacant lot and is in its initial phase.
Key Highlights
- 1,150 SF office condominium at 1720 Harrison Street, Unit 18C
- Interior layout includes 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
Current Use
Lease Details
2
Office units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 33019, FL
15,497
Population
12,453
Households
1.2
Avg Household Size
55
Median Age
60%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,188
Density / Sq Mi
$94,824
Median Household Income
$59,226
Median Earnings
$1,983
Median Rent
$631,800
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 office suites provide an established professional workspace in Downtown Hollywood near Young Circle.
Where is this office units located?
The property is located at 18c-1720 Harrison St 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; Interior layout includes two separate office suites; Both office suites are currently leased
