Office Unit in Downtown
For Sale
Contact for pricing
Pending
2640 Hollywood Blvd 120, Hollywood, FL 33020
Office unit in a professional building, central Hollywood location.
Property Size11,786 SF
Lot Size0.19 Acres
Days on Market218
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Property Features for 2640 Hollywood Blvd 120
General Information
Standard status
Pending
Size
11,786 SF
Lot size
0.19 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$37,330
Building Details
Building Size
11,786 SF
Year Built
1958
Listing Agency:
The Real Estate Lab
Listed By:
Shlomo Poston · License #3401366
(786) 786-7684
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 The Real Estate Lab
Investment Insights
Based on property information with market context.
Located at 2640 Hollywood Blvd #120, Hollywood, FL 33020, this office unit is situated in a professional building in downtown Hollywood. The space features a functional floor plan and easy client access. Its central location provides visibility and convenient access to nearby amenities. This property is suitable for a variety of business uses.
Key Highlights
- Prime downtown Hollywood location
- Functional floor plan suitable for various business uses
- Easy client access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$227,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,550,580
$4.6M
Cap Rate 7%
$3,250,414
$3.3M
Cap Rate 9%
$2,528,100
$2.5M
Market Conditions
NOI Build-Up for 11,786 SF
Gross rent
$388.9K $33.00/SF
− Vacancy
−$85.6K −$7.26/SF
EGI
$303.4K $25.74/SF
− OpEx
−$75.8K −$6.44/SF
NOI
$227.5K $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%
$4,550,580
Cap Rate 7%
$3,250,414
Cap Rate 9%
$2,528,100
Alternative Uses
Best Use
Office B
$3.25M
$2.84M – $3.79M
NOI $227,529 @ 7.0% cap · market cap 18,960.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.03M – $5.38M
NOI $322,748 @ 7.0% cap · market cap 26,895.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,274
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Office unit in a professional building, central Hollywood location.
Where is this office units located?
The property is located at 2640 Hollywood Blvd 120 Hollywood, FL.
What are key features of this property?
This property features: Prime downtown Hollywood location; Functional floor plan suitable for various business uses; Easy client access
