Professional Office
For Sale
Contact for pricing
2450 Hollywood Blvd #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$589.13
Days on Market147
Property Features for 2450 Hollywood Blvd #CU605
General Information
Standard status
Active
Size
920 SF
Total Parking Spaces
1
Elevators
Yes
Property subtype
Office
Zoning
RC-1
Additional Details
Road Access
Yes
Amenities
professional ground-floor reception lobby
public restrooms on every floor
Building Details
Year Built
1975
Listing Agency:
RE/MAX 5 Star Realty
(954) 453-1000
Listed By:
John DeMarco · License #BK3134747
Source:
Crexi
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 9:22AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,761
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$359.9K
$314.9K – $419.9K
NOI $25,193 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 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 Blvd #CU605 Hollywood, FL.
What is the asking price?
The asking price for this property is $542,000.
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
