Renovated Office Unit with Skyline
200 S Andrews Avenue 503, Fort Lauderdale, FL 33301
For Sale
$925,000
Renovated suite offers executive offices, collaborative workspace, and secured garage parking.
Property Size182,000 SF
Price / SF$385.42
Days on Market167
Property Features for 200 S Andrews Avenue 503
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Amenities
live security
secured entry access
electricity included through association
well-maintained common areas
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Coastal Group Brokers
Listed By:
Harpreet Singh · License FL #3450327
(954) 400-9527
Source:
Tylertuchow
Added: May 28
Changed: Nov 1
Last Checked: Nov 8 at 4:08PM
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 Coastal Group Brokers
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Investment Insights
Based on property information with market context.
This approximately 2,400-square-foot office unit in the Museum Plaza building was renovated for professional use. The plan includes six executive offices, a conference room, reception area, file and storage room, kitchenette, and a large bullpen-style workspace. Floor-to-ceiling windows bring natural light into the suite and overlook the downtown skyline.
Building features include live security, controlled entry, association-paid electricity, maintained common areas, and a private parking garage with two dedicated spaces. Additional public parking is available nearby. The property is in downtown Fort Lauderdale, with Las Olas Boulevard, Brightline, courthouses, restaurants, shopping, and major highways located minutes away. The unit can accommodate an owner-user or be leased for professional office use.
Building features include live security, controlled entry, association-paid electricity, maintained common areas, and a private parking garage with two dedicated spaces. Additional public parking is available nearby. The property is in downtown Fort Lauderdale, with Las Olas Boulevard, Brightline, courthouses, restaurants, shopping, and major highways located minutes away. The unit can accommodate an owner-user or be leased for professional office use.
Key Highlights
- Approximately 2,400 SF of renovated office space
- Six executive offices plus conference, reception, storage, kitchenette, and bullpen areas
- Floor‑to‑ceiling windows with downtown skyline views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,947
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,378,940
$1.4M
Cap Rate 7%
$984,957
$985.0K
Cap Rate 9%
$766,078
$766.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$109.4K $45.60/SF
− Vacancy
−$17.5K −$7.30/SF
EGI
$91.9K $38.30/SF
− OpEx
−$23.0K −$9.58/SF
NOI
$68.9K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,378,940
Cap Rate 7%
$984,957
Cap Rate 9%
$766,078
Alternative Uses
Best Use
Office B
$985.0K
$861.8K – $1.15M
NOI $68,947 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,896 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8,913
Businesses Nearby
Explore this area
Business Placement
Demographics for 33301, FL
19,109
Population
13,955
Households
1.4
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
7,644
Density / Sq Mi
$115,421
Median Household Income
$76,365
Median Earnings
$2,341
Median Rent
$751,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Fort Lauderdale, FL
Properties on Market for Office Units in Fort Lauderdale
Vacancy Rate% for Office in Fort Lauderdale, FL
Frequently Asked Questions
What type of property is this?
Office unit - Renovated suite offers executive offices, collaborative workspace, and secured garage parking.
Where is this office unit located?
The property is located at 200 S Andrews Avenue 503 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Approximately 2,400 SF of renovated office space; Six executive offices plus conference, reception, storage, kitchenette, and bullpen areas; Floor‑to‑ceiling windows with downtown skyline views
