Class B Office Condominium
For Sale
Contact for pricing
2455 E Sunrise Blvd, Fort Lauderdale, FL 33304
Purchase available condo units within a Class B, multi-tenant office building totaling 168,807 SF.
Property Size1,107 SF
Price / SF$479.02
Days on Market497
Property Features for 2455 E Sunrise Blvd
General Information
Standard status
Active
Size
1,107 SF
Class
B
Property subtype
OFFICE
Building Details
Tenancy
Multi
Listing Agency:
Level Realty
(954) 372-7280
Listed By:
Daniel Perez · License #3511286
(954) 937-0740
Source:
Moodyscre
Added: May 5, 2025
Changed: Aug 22
Last Checked: Sep 13 at 7:29AM
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 Level Realty
Investment Insights
Based on property information with market context.
Level Realty presents the opportunity to purchase available condo units at the Galleria Corporate Center (GCC). GCC is a Class B, multi-tenant office building with a total size of 168,807 SF, offering a condo structure for office ownership.
The property is located on East Sunrise Blvd in Fort Lauderdale’s Coral Ridge neighborhood. An adjacent lot is described as a mixed-use project that includes 180 multifamily units along with 4,400 square feet of restaurant, 1,350 square feet of retail, and 5,750 square feet of office.
For buyers evaluating office ownership, GCC provides a straightforward option to acquire individual condo units within an established, multi-tenant office setting.
The property is located on East Sunrise Blvd in Fort Lauderdale’s Coral Ridge neighborhood. An adjacent lot is described as a mixed-use project that includes 180 multifamily units along with 4,400 square feet of restaurant, 1,350 square feet of retail, and 5,750 square feet of office.
For buyers evaluating office ownership, GCC provides a straightforward option to acquire individual condo units within an established, multi-tenant office setting.
Key Highlights
- Purchase available condo units within the Galleria Corporate Center (GCC), a Class B multi‑tenant office building
- Building totals 168,807 SF and is located in the Fort Lauderdale, FL MSA
- GCC is on East Sunrise Blvd in the Coral Ridge neighborhood of Fort Lauderdale
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
$31,802
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
6.00%
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%
$636,040
$636.0K
Cap Rate 7%
$454,314
$454.3K
Cap Rate 9%
$353,356
$353.4K
Market Conditions
NOI Build-Up for 1,107 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
$50.5K $45.60/SF
− Vacancy
−$8.1K −$7.30/SF
EGI
$42.4K $38.30/SF
− OpEx
−$10.6K −$9.58/SF
NOI
$31.8K $28.73/SF
Area
Fort Lauderdale, FL
Vacancy
16.00%
Lease Rate
$45.60 /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%
$636,040
Cap Rate 7%
$454,314
Cap Rate 9%
$353,356
Alternative Uses
Best Use
Office B
$454.3K
$397.5K – $530.0K
NOI $31,802 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$743.9K
$650.9K – $867.9K
NOI $52,073 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 33304, FL
19,978
Population
12,367
Households
1.6
Avg Household Size
46
Median Age
51%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
6,445
Density / Sq Mi
$84,951
Median Household Income
$55,527
Median Earnings
$1,727
Median Rent
$556,400
Median Home Value
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Market
Vacancy Rate% for Office in Fort Lauderdale, FL
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Frequently Asked Questions
What type of property is this?
Office units - Purchase available condo units within a Class B, multi-tenant office building totaling 168,807 SF.
Where is this office units located?
The property is located at 2455 E Sunrise Blvd Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $530,280.
What are key features of this property?
This property features: Purchase available condo units within the Galleria Corporate Center (GCC), a Class B multi‑tenant office building; Building totals 168,807 SF and is located in the Fort Lauderdale, FL MSA; GCC is on East Sunrise Blvd in the Coral Ridge neighborhood of Fort Lauderdale
