Third-Floor Office
200 S Andrews Avenue #302303 Fort Lauderdale, FL 33301
For Sale
$1,800,000
Pending
Third-floor office suite within Museum Plaza, featuring polished concrete floors and glass-partitioned interiors.
Property Size5,963 SF
Days on Market45
Property Features for 200 S Andrews Avenue #302303
General Information
- Standard status
- Pending
- Size
- 5,963 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency:
ONE SOTHEBY'S INTERNATIONAL REALTY
(305) 779-2430
Listed By:
BARBARA K ELMIR · License #A12031212
Source:
Corcoran
Added: Jun 9
Changed: Jul 23
Last Checked: Jul 23 at 8:38AM
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 ONE SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This third-floor office suite is located in the 11-story Museum Plaza building, offered for lease or sale. The interior is described as bright and sunlit, with polished concrete floors and glass partitions creating a modern work environment. The flexible floor plan is designed to accommodate a mix of private offices, collaborative areas, and conference rooms, supporting a range of professional uses.
Museum Plaza is positioned at 200 S Andrews Ave in Downtown Fort Lauderdale’s financial district. The property is noted as one block from Las Olas Blvd and is presented as moments from government offices, courts, FAU, and Broward College.
The building includes an impressive granite-and-marble lobby and modernized elevators. Parking is supported by an adjacent parking garage with EV charging stations, and a neighboring rooftop helipad is also mentioned in the offering materials.
Museum Plaza is positioned at 200 S Andrews Ave in Downtown Fort Lauderdale’s financial district. The property is noted as one block from Las Olas Blvd and is presented as moments from government offices, courts, FAU, and Broward College.
The building includes an impressive granite-and-marble lobby and modernized elevators. Parking is supported by an adjacent parking garage with EV charging stations, and a neighboring rooftop helipad is also mentioned in the offering materials.
Key Highlights
- 5,963 SF third‑floor office space in Museum Plaza
- Built in 1986; 11‑story building
- Polished concrete floors and glass‑partitioned interior
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.1k | $24.00 |
| − Vacancy | −$9.3k | −$1.56 |
| EGI | $133.8k | $22.44 |
| − OpEx | −$53.5k | −$8.98 |
| NOI | $80.3k | $13.46 |
5,963 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.45M
$2.14M – $2.86M
NOI $171,305 @ 7.0% cap · market cap 9.52%
Second Best
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,286 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,500 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nason Yeager Gerson ...
Law Firm
Neimark Cort A
Law Firm
Gallon Exports, Inc
Big Box & Wholesale Store
Amuco, Inc
Corporate Office
Boasting Biz
Advertising Agency
FAQs
What type of property is this?
Office units - Third-floor office suite within Museum Plaza, featuring polished concrete floors and glass-partitioned interiors.
Where is this office units located?
The property is located at 200 S Andrews Avenue #302303 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,963 SF third‑floor office space in Museum Plaza; Built in 1986; 11‑story building; Polished concrete floors and glass‑partitioned interior
