Two-Unit Office Condo with Executive
New
For Sale
$399,000
2450 HOLLYWOOD Blvd CU306 & 307, Hollywood, FL 33020
Two deeded parking spaces and shared guest parking support convenient visits to the professional suite.
Property Size860 SF
Price / SF$463.95
Days on Market3
Property Features for 2450 HOLLYWOOD Blvd CU306 & 307
General Information
Standard status
Active
Size
860 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$1,782
Amenities
professional lobby
Building Details
Building Size
860 SF
Year Built
1975
Stories
1
Listing Agency:
KELLER WILLIAMS REALTY PROFESS
Listed By:
Michael J Baran · License #B26052698
(954) 593-7467
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 6:17AM
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 KELLER WILLIAMS REALTY PROFESS
Investment Insights
Based on property information with market context.
Two combined office condominium units provide approximately 860 SF of workspace. The layout includes a reception and main office area, a private executive office or conference room, a kitchen and break area, and storage. Two newer A/C units serve the suite, which was built in 1975.
The property is in the Center Court Commercial building on Hollywood Boulevard, with a professional lobby and elevator access. I-95 and US-1 provide nearby highway access; Downtown Hollywood, Fort Lauderdale, and Miami are also identified as accessible destinations.
Two deeded parking spaces accompany the office, with additional guest parking available in the building. The configuration accommodates office or medical use, as stated in the property information.
The property is in the Center Court Commercial building on Hollywood Boulevard, with a professional lobby and elevator access. I-95 and US-1 provide nearby highway access; Downtown Hollywood, Fort Lauderdale, and Miami are also identified as accessible destinations.
Two deeded parking spaces accompany the office, with additional guest parking available in the building. The configuration accommodates office or medical use, as stated in the property information.
Key Highlights
- Two combined office condominium units totaling approximately 860 SF
- Reception/main office area, private executive office or conference room, kitchen/break area, and storage
- Two deeded parking spaces, plus guest parking in the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,602
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,040
$332.0K
Cap Rate 7%
$237,171
$237.2K
Cap Rate 9%
$184,467
$184.5K
Market Conditions
NOI Build-Up for 860 SF
Gross rent
$28.4K $33.00/SF
− Vacancy
−$6.2K −$7.26/SF
EGI
$22.1K $25.74/SF
− OpEx
−$5.5K −$6.44/SF
NOI
$16.6K $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%
$332,040
Cap Rate 7%
$237,171
Cap Rate 9%
$184,467
Alternative Uses
Best Use
Office B
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.4K
$294.4K – $392.5K
NOI $23,550 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,422
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two deeded parking spaces and shared guest parking support convenient visits to the professional suite.
Where is this office units located?
The property is located at 2450 HOLLYWOOD Blvd CU306 & 307 Hollywood, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two combined office condominium units totaling approximately 860 SF; Reception/main office area, private executive office or conference room, kitchen/break area, and storage; Two deeded parking spaces, plus guest parking in the building
