Freestanding Office
220 SW 16th Street, Dania Beach, FL
For Sale
New
$795,000
Commercial Sale, Dania Beach, FL
Property Size2,054 SF
Lot Size0.17 Acres
Price / SF$387.05
Days on Market6
Property Features for 220 SW 16th Street
General Information
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Subdivision
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Size
Lot size
Additional Details
Tenant in Place
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Taxes and HOA fees
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Building Details
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Buildings
Listing Agency:
Keyes Company
(561) 750-1000
Listed By:
Federico Rochwerger PA · License #3014927
(561) 866-9616
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 9 at 10:06AM
MLS# B26096965
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
A freestanding office property with 2,054 square feet sits on a 0.17-acre parcel. The current layout includes a reception area, conference room, kitchenette, 8 private offices, and 3 bathrooms. Two tenants are in place, with leases that may be ended with notice. The building was constructed in 1923 and has frame construction, central air conditioning, and a gated parking area with 10 marked spaces. RO zoning is reported; office use requires a change of use from single-family to office.
The property fronts Sheridan Street and is in Dania Beach, Florida. Public water and sewer serve the site.
The property fronts Sheridan Street and is in Dania Beach, Florida. Public water and sewer serve the site.
Key Highlights
- 2,054‑square‑foot office building on 0.17 acres
- Current plan includes reception, conference room, kitchenette, 8 private offices, and 3 bathrooms
- 10 marked on‑site parking spaces behind a gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,524
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,480
$1.3M
Cap Rate 7%
$936,057
$936.1K
Cap Rate 9%
$728,044
$728.0K
Market Conditions
NOI Build-Up for 2,054 SF
Gross rent
$102.8K $50.04/SF
− Vacancy
−$15.4K −$7.51/SF
EGI
$87.4K $42.53/SF
− OpEx
−$21.8K −$10.63/SF
NOI
$65.5K $31.90/SF
Area
Broward County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,480
Cap Rate 7%
$936,057
Cap Rate 9%
$728,044
Alternative Uses
Best Use
Office B
$936.1K
$819.1K – $1.09M
NOI $65,524 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$911.8K – $1.22M
NOI $72,946 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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Location Intelligence
Trade Area within ½ mile
1,282
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Market
Average Price Trend$/SF for Office buildings in Broward County, FL
Properties on Market for Office buildings in Broward County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The existing office plan includes private workrooms, a conference room, a kitchenette, and gated on-site parking.
Where is this office building located?
The property is located at 220 SW 16th Street Dania Beach, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,054‑square‑foot office building on 0.17 acres; Current plan includes reception, conference room, kitchenette, 8 private offices, and 3 bathrooms; 10 marked on‑site parking spaces behind a gate
