8th-Floor Corporate Office
For Sale
$299,900
2455 E Sunrise Boulevard Unit 802, Fort Lauderdale, FL 33304
8th-floor office suite with city and water views, plus secure 24/7 access and covered assigned parking.
Property Size804 SF
Price / SF$373.01
Days on Market74
Property Features for 2455 E Sunrise Boulevard Unit 802
General Information
Standard status
Active
Size
804 SF
Property subtype
Business
Building Details
Year Built
1973
Listing Agency:
RE/MAX Experience
(954) 649-6605
Listed By:
Michael F Camardello · License #3266023
(954) 649-6605
Source:
Lehmannflorida
Added: Jun 15
Changed: Aug 24
Last Checked: Aug 23 at 5:33AM
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 Experience
Investment Insights
Based on property information with market context.
Galleria Corporate Center offers a well-maintained, continuously renovated professional office building. Suite 802 is located on the 8th floor and is available as part of two suites (refer to Folio F10397352), with the owner preferring to sell the two units together and lease back one or both units for three years. The suite includes access to building amenities such as 24-hour security, 24/7 office access, secured covered parking with two assigned spaces per unit, and two additional outside parking spaces. Valet parking is available during normal business hours, and storage space is also provided. The suite features city and water views.
The building is centrally located in east Fort Lauderdale and is described as walkable to restaurants, a coffee shop, the beach, and the Galleria Mall. The combination of secured access and on-site parking supports tenant operations that require reliable daily building access.
This configuration is well suited for professional users seeking a secure, amenity-supported office environment with views and 24/7 access. The offering also contemplates an owner-preferred structure involving selling two related office units together and leasing back one or both for a three-year term, which may be relevant to buyers evaluating timing and occupancy needs.
The building is centrally located in east Fort Lauderdale and is described as walkable to restaurants, a coffee shop, the beach, and the Galleria Mall. The combination of secured access and on-site parking supports tenant operations that require reliable daily building access.
This configuration is well suited for professional users seeking a secure, amenity-supported office environment with views and 24/7 access. The offering also contemplates an owner-preferred structure involving selling two related office units together and leasing back one or both for a three-year term, which may be relevant to buyers evaluating timing and occupancy needs.
Key Highlights
- 1973‑built class B professional office building with an 8th‑floor suite
- Suite includes city and water views
- 24/7 office access with 24‑hour security
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
$23,097
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
7.70%
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%
$461,940
$461.9K
Cap Rate 7%
$329,957
$330.0K
Cap Rate 9%
$256,633
$256.6K
Market Conditions
NOI Build-Up for 804 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
$36.7K $45.60/SF
− Vacancy
−$5.9K −$7.30/SF
EGI
$30.8K $38.30/SF
− OpEx
−$7.7K −$9.58/SF
NOI
$23.1K $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%
$461,940
Cap Rate 7%
$329,957
Cap Rate 9%
$256,633
Alternative Uses
Best Use
Office B
$330.0K
$288.7K – $385.0K
NOI $23,097 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$540.3K
$472.8K – $630.3K
NOI $37,820 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in Fort Lauderdale, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 8th-floor office suite with city and water views, plus secure 24/7 access and covered assigned parking.
Where is this office units located?
The property is located at 2455 E Sunrise Boulevard Unit 802 Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1973‑built class B professional office building with an 8th‑floor suite; Suite includes city and water views; 24/7 office access with 24‑hour security
