Combined Office Condo
For Sale
$399,000
2450 HOLLYWOOD Boulevard Unit CU306 & 307, Hollywood, FL 33020
Two combined office condos totaling about 860 SF, with reception, office/conference room, kitchen area, storage, and two A/C units.
Property Size860 SF
Price / SF$463.95
Days on Market95
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Property Features for 2450 HOLLYWOOD Boulevard Unit CU306 & 307
General Information
Standard status
Active
Size
860 SF
Total Parking Spaces
2
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1975
Listing Agency:
Keller Williams Realty Profess
(954) 630-7020
Listed By:
Michael J Baran · License #B26052698
(954) 593-7467
Source:
Lehmannflorida
Added: Jul 13
Changed: Oct 15
Last Checked: Oct 15 at 12:57AM
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.
This offering includes two combined office condo units (CU306 & CU307) totaling approximately 860 SF within the Center Court Commercial building. The functional interior layout features a spacious reception/main office area, a private executive office or conference room, a kitchen/break room, and storage.
The building provides a professional lobby, elevator access, and ample guest parking. The suite also includes two deeded parking spaces.
Additional improvements include two newer A/C units. The property is positioned on Hollywood Boulevard with convenient access to I-95 and US-1, and to Downtown Hollywood, Fort Lauderdale, and Miami.
The building provides a professional lobby, elevator access, and ample guest parking. The suite also includes two deeded parking spaces.
Additional improvements include two newer A/C units. The property is positioned on Hollywood Boulevard with convenient access to I-95 and US-1, and to Downtown Hollywood, Fort Lauderdale, and Miami.
Key Highlights
- Two combined office condos totaling about 860 SF in Center Court Commercial building
- Functional suite layout includes reception/main office, private office or conference room, kitchen/break room, and storage
- Includes two deeded parking spaces
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
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
Frequently Asked Questions
What type of property is this?
Office units - Two combined office condos totaling about 860 SF, with reception, office/conference room, kitchen area, storage, and two A/C units.
Where is this office units located?
The property is located at 2450 HOLLYWOOD Boulevard Unit 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 about 860 SF in Center Court Commercial building; Functional suite layout includes reception/main office, private office or conference room, kitchen/break room, and storage; Includes two deeded parking spaces
