Professional Office
For Sale
$479,000
2450 Hollywood Boulevard #CU605, Hollywood, FL 33020
Built-out office suite with reception, waiting area, private office, and break room in a professionally managed building.
Property Size920 SF
Price / SF$520.65
Days on Market161
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Property Features for 2450 Hollywood Boulevard #CU605
General Information
Standard status
Active
Size
920 SF
Total Parking Spaces
1
Elevators
Yes
Zoning
RC-1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,725
Amenities
professional ground-floor reception lobby
public restrooms on every floor
Building Details
Building Size
920 SF
Year Built
1975
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
John DeMarco · License #A12052614
(954) 453-1000
Source:
Laerrealty
Added: May 8
Changed: Oct 10
Last Checked: Oct 14 at 8:24PM
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 RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
This 920-square-foot office condo includes a reception area, waiting area, private office, and break room within an established professional building. The suite is configured for immediate office occupancy and may suit an owner-user or investor. Building amenities include a ground-floor reception lobby, elevator service, and public restrooms on every floor.
The property fronts Hollywood Boulevard in Hollywood, Florida, with access to major roadways and one reserved parking space. Additional guest parking is available at the rear of the property. The property carries RC-1 zoning, and the building was constructed in 1975.
The property fronts Hollywood Boulevard in Hollywood, Florida, with access to major roadways and one reserved parking space. Additional guest parking is available at the rear of the property. The property carries RC-1 zoning, and the building was constructed in 1975.
Key Highlights
- 920 SF office condo with reception, waiting area, private office, and break room
- RC‑1 zoning
- One reserved parking space plus guest parking at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,761
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,220
$355.2K
Cap Rate 7%
$253,729
$253.7K
Cap Rate 9%
$197,344
$197.3K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$30.4K $33.00/SF
− Vacancy
−$6.7K −$7.26/SF
EGI
$23.7K $25.74/SF
− OpEx
−$5.9K −$6.44/SF
NOI
$17.8K $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%
$355,220
Cap Rate 7%
$253,729
Cap Rate 9%
$197,344
Alternative Uses
Best Use
Office B
$253.7K
$222.0K – $296.0K
NOI $17,761 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.9K
$314.9K – $419.9K
NOI $25,193 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Built-out office suite with reception, waiting area, private office, and break room in a professionally managed building.
Where is this office units located?
The property is located at 2450 Hollywood Boulevard #CU605 Hollywood, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 920 SF office condo with reception, waiting area, private office, and break room; RC‑1 zoning; One reserved parking space plus guest parking at the rear
