Combined Office Condo
2450 HOLLYWOOD Blvd CU306 & 307 Hollywood, FL 33020
New
2450 HOLLYWOOD Blvd CU306 & 307, Hollywood, FL, 33020
$399,000
For Sale
$399,000
Two combined office condos in a professionally managed Center Court building with elevator access and deeded parking.
Property Size860 SF
Price / SF$463.95
Days on Market2
Property Features for 2450 HOLLYWOOD Blvd CU306 & 307
General Information
- Standard status
- Active
- Size
- 860 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing Agency
Realty Professionals of Fort Lauderdale, LLC
(954) 593-7467
Listed by
Michael J Baran · License #3180096
(954) 593-7467
Source
Elliman
Added: Jul 16 Checked: Jul 17 at 2:37 am
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 Realty Professionals of Fort Lauderdale, LLC
Investment Insights
Based on property information with market context.
This offering includes two combined office condo suites in the Center Court Commercial building, totaling approximately 860 SF. The functional layout features a spacious reception and main office area, a private executive office or conference room, a kitchen/break room, and storage. The suites also include two deeded parking spaces and two newer A/C units.
The building provides a professional lobby, elevator access, and ample guest parking. The property is located on Hollywood Boulevard with convenient access to I-95, US-1, Downtown Hollywood, Fort Lauderdale, and Miami.
As an owner-user or investor, the combined configuration supports professional office use with dedicated parking and maintained common areas within the Center Court Commercial building.
The building provides a professional lobby, elevator access, and ample guest parking. The property is located on Hollywood Boulevard with convenient access to I-95, US-1, Downtown Hollywood, Fort Lauderdale, and Miami.
As an owner-user or investor, the combined configuration supports professional office use with dedicated parking and maintained common areas within the Center Court Commercial building.
Key Highlights
- Two combined office condos totaling approx. 860 SF in the Center Court Commercial building
- Functional suite includes reception/main office, private executive office or conference room, kitchen/break room, and storage
- Includes two deeded parking spaces
Local Financial Insights For Office B
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 | $28.4k | $33.00 |
| − Vacancy | −$6.2k | −$7.26 |
| EGI | $22.1k | $25.74 |
| − OpEx | −$5.5k | −$6.44 |
| NOI | $16.6k | $19.31 |
860 SF · lease $33.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$237.2K
$207.5K – $276.7K
NOI $16,602 @ 7.0% cap · market cap 4.16%
Second Best
Healthcare Medical
$173.2K
$151.6K – $202.1K
NOI $12,124 @ 7.0% cap · market cap 3.04%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AMV Legal Group ...
Law Firm
EduPlan
Training Center
Michelle Olds- Coastal ...
Real Estate Agency
Health Options USA
Insurance Agency
Genesis University
Religious School
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FAQs
What type of property is this?
Office units - Two combined office condos in a professionally managed Center Court building with elevator access and deeded parking.
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 condos totaling approx. 860 SF in the Center Court Commercial building; Functional suite includes reception/main office, private executive office or conference room, kitchen/break room, and storage; Includes two deeded parking spaces
