Medical Office Suite with Private
For Sale
$1,532,500
3800 S Ocean Dr #224-226, Hollywood, FL 33019
Two contiguous units offer a polished clinical setting with central A/C, glass doors, and high ceilings.
Property Size2,500 SF
Price / SF$613
Days on Market95
Property Features for 3800 S Ocean Dr #224-226
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Other
Additional Details
Highway Access
Yes
Amenities
high ceilings
glass doors
premium marble floors
smart lighting
central A/C
Building Details
Building Size
2,500 SF
Year Built
1973
Listing Agency:
CASTELL BLAU LLC
Listed By:
Daniel Pimas · License #3508618
(786) 425-3185
Source:
Commercialcafe
Added: Jul 13
Changed: Sep 30
Last Checked: Oct 14 at 8:32PM
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 CASTELL BLAU LLC
Investment Insights
Based on property information with market context.
This medical office property combines two adjoining units totaling 2,500 square feet within the Hallmark Building. The layout includes five private offices, high ceilings, glass doors, marble flooring, smart lighting, and central A/C. These existing improvements provide a professional setting for a range of healthcare practices.
The property is located at 3800 S Ocean Dr in Hollywood, across from the beach and near major highways. Optional remodeling services are available separately, including in-office sink installation, structural reinforcement, and customized reception work. Built in 1973, the space offers an established office setting with the flexibility for further customization.
The property is located at 3800 S Ocean Dr in Hollywood, across from the beach and near major highways. Optional remodeling services are available separately, including in-office sink installation, structural reinforcement, and customized reception work. Built in 1973, the space offers an established office setting with the flexibility for further customization.
Key Highlights
- 2,500‑square‑foot medical office property comprising two contiguous units
- Five private offices with high ceilings and glass doors
- Marble floors, smart lighting, and central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,263
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,260
$965.3K
Cap Rate 7%
$689,471
$689.5K
Cap Rate 9%
$536,256
$536.3K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$82.5K $33.00/SF
− Vacancy
−$18.2K −$7.26/SF
EGI
$64.4K $25.74/SF
− OpEx
−$16.1K −$6.44/SF
NOI
$48.3K $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%
$965,260
Cap Rate 7%
$689,471
Cap Rate 9%
$536,256
Alternative Uses
Best Use
Office B
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 3.15%
Second Best
Healthcare Medical
$503.5K
$440.6K – $587.4K
NOI $35,244 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$978.0K
$855.8K – $1.14M
NOI $68,460 @ 7.0% cap · market cap 4.47%
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
2,117
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33019, FL
15,497
Population
12,453
Households
1.2
Avg Household Size
55
Median Age
60%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,188
Density / Sq Mi
$94,824
Median Household Income
$59,226
Median Earnings
$1,983
Median Rent
$631,800
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two contiguous units offer a polished clinical setting with central A/C, glass doors, and high ceilings.
Where is this medical office space located?
The property is located at 3800 S Ocean Dr #224-226 Hollywood, FL.
What is the asking price?
The asking price for this property is $1,532,500.
What are key features of this property?
This property features: 2,500‑square‑foot medical office property comprising two contiguous units; Five private offices with high ceilings and glass doors; Marble floors, smart lighting, and central A/C
