Office Suite with Private
For Sale
Contact for pricing
1948 Harrison Street, Hollywood, FL 33020
A 10-office layout includes a conference room, reception area, kitchenette, and two restrooms.
Property Size6,030 SF
Price / SF$1.00
Days on Market17
Property Features for 1948 Harrison Street
General Information
Standard status
Active
Size
6,030 SF
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Year Built
1925
Listing Agency:
RE/MAX 5 Star Realty
(954) 361-0000
Listed By:
John DeMarco · License #3134747
(954) 453-1000
Source:
Lehmannflorida
Added: Oct 5
Changed: Oct 21
Last Checked: Oct 21 at 2:23AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office suite, in a building constructed in 1925, is arranged with 10 private offices, a conference room, and a central work area. Additional features include a reception and waiting area, kitchenette, two restrooms, and storage. Several offices receive natural light, and the layout combines enclosed rooms with shared work areas.
The property is on Harrison Street in Downtown Hollywood, among restaurants, shops, businesses, and professional services. Major roadways are accessible from the area. The suite is scheduled to become available December 1, 2026.
The property is on Harrison Street in Downtown Hollywood, among restaurants, shops, businesses, and professional services. Major roadways are accessible from the area. The suite is scheduled to become available December 1, 2026.
Key Highlights
- 10 private offices, plus a conference room and central work area
- Reception and waiting area, kitchenette, two restrooms, and storage
- Several offices receive natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,409
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,328,180
$2.3M
Cap Rate 7%
$1,662,986
$1.7M
Cap Rate 9%
$1,293,433
$1.3M
Market Conditions
NOI Build-Up for 6,030 SF
Gross rent
$199.0K $33.00/SF
− Vacancy
−$43.8K −$7.26/SF
EGI
$155.2K $25.74/SF
− OpEx
−$38.8K −$6.44/SF
NOI
$116.4K $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 Rate 5%
$2,328,180
Cap Rate 7%
$1,662,986
Cap Rate 9%
$1,293,433
Alternative Uses
Best Use
Office B
$1.66M
$1.46M – $1.94M
NOI $116,409 @ 7.0% cap · market cap 1,940.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,126 @ 7.0% cap · market cap 2,752.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,146
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
Frequently Asked Questions
What type of property is this?
Office unit - A 10-office layout includes a conference room, reception area, kitchenette, and two restrooms.
Where is this office unit located?
The property is located at 1948 Harrison Street Hollywood, FL.
What are key features of this property?
This property features: 10 private offices, plus a conference room and central work area; Reception and waiting area, kitchenette, two restrooms, and storage; Several offices receive natural light
