Office Space Near the
For Sale
Contact for pricing
1985 S Ocean Dr 3L, Hallandale Beach, FL 33009
Office space available in residential condo building across from ocean.
Property Size590 SF
Lot Size0.01 Acres
Days on Market323
Property Features for 1985 S Ocean Dr 3L
General Information
Standard status
Active
Size
590 SF
Lot size
0.01 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,051
Building Details
Building Size
590 SF
Year Built
1972
Listed By:
Irina Firth-Morris
(305) 903-6323
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 11
Last Checked: Oct 16 at 10:51AM
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 Irina Firth-Morris
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.
An office space is available for lease in a residential condominium building situated across the street from the ocean on the Intracoastal side in Hallandale. This presents a rare opportunity with negotiable terms.
Key Highlights
- Office space available for lease.
- Located in a residential condo building.
- Situated across the street from the ocean.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,638
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,760
$312.8K
Cap Rate 7%
$223,400
$223.4K
Cap Rate 9%
$173,756
$173.8K
Market Conditions
NOI Build-Up for 590 SF
Gross rent
$26.9K $45.60/SF
− Vacancy
−$6.1K −$10.26/SF
EGI
$20.9K $35.34/SF
− OpEx
−$5.2K −$8.84/SF
NOI
$15.6K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,760
Cap Rate 7%
$223,400
Cap Rate 9%
$173,756
Alternative Uses
Best Use
Office B
$223.4K
$195.5K – $260.6K
NOI $15,638 @ 7.0% cap · market cap 52,126.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.3K
$261.9K – $349.2K
NOI $20,953 @ 7.0% cap · market cap 69,843.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 33009, FL
43,301
Population
31,020
Households
1.4
Avg Household Size
47
Median Age
36%
College-Educated
88%
High-School Grad
4.9 sq mi
ZIP Area
8,837
Density / Sq Mi
$48,196
Median Household Income
$33,928
Median Earnings
$1,576
Median Rent
$248,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office space available in residential condo building across from ocean.
Where is this office units located?
The property is located at 1985 S Ocean Dr 3L Hallandale Beach, FL.
What are key features of this property?
This property features: Office space available for lease.; Located in a residential condo building.; Situated across the street from the ocean.
