Medical Office Suite with Private
New
For Sale
$1,000,000
3800 S Ocean Dr, Hollywood, FL 33019
Commercial Sale, Hollywood, FL
Property Size2,100 SF
Lot Size0.05 Acres
Price / SF$476.19
Days on Market5
Property Features for 3800 S Ocean Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Subdivision
Hollywood Beach
View
City
Directions
From I-95, exit on Hollywood Blvd and head East toward the beach. Turn right (South) onto S Ocean Dr (A1A). Proceed to 3800 S Ocean Dr. The Hallmark Building will be on your right (West side of the street), diagonally across from the Diplomat Beach Resort.
Standard status
Active
APN
514226DL0230
Lot size
0.05 Acres
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1973
Flooring type
Marble
Roof type
Flat
Listing Agency:
CASTELL BLAU LLC
(786) 425-3185
Listed By:
Daniel Pimas · License #3508618
(305) 676-6090
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 13 at 2:06AM
MLS# 12019427
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Suite 224 in the Hallmark Building provides approximately 2,100 SF of medical office space. Its layout includes private offices, with glass doors, marble flooring, and high ceilings. Smart lighting and central A/C are also in place. The building dates to 1973.
The property is at 3800 S Ocean Dr in Hollywood, across from the beach and near major highways. Approximately 780 SF of Suite 224 is leased together with Suite 226. Optional remodeling services are offered separately, including sink installation, structural reinforcement, and reception customization.
The property is at 3800 S Ocean Dr in Hollywood, across from the beach and near major highways. Approximately 780 SF of Suite 224 is leased together with Suite 226. Optional remodeling services are offered separately, including sink installation, structural reinforcement, and reception customization.
Key Highlights
- Approximately 2,100 SF in Suite 224
- Approximately 780 SF of Suite 224 is leased together with Suite 226
- Private offices, high ceilings, glass doors, and marble floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,541
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,820
$810.8K
Cap Rate 7%
$579,157
$579.2K
Cap Rate 9%
$450,456
$450.5K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$69.3K $33.00/SF
− Vacancy
−$15.2K −$7.26/SF
EGI
$54.1K $25.74/SF
− OpEx
−$13.5K −$6.44/SF
NOI
$40.5K $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%
$810,820
Cap Rate 7%
$579,157
Cap Rate 9%
$450,456
Alternative Uses
Best Use
Office B
$579.2K
$506.8K – $675.7K
NOI $40,541 @ 7.0% cap · market cap 4.05%
Second Best
Healthcare Medical
$422.9K
$370.1K – $493.4K
NOI $29,605 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$821.5K
$718.8K – $958.4K
NOI $57,506 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The interior combines marble flooring, glass doors, and high ceilings with central A/C and smart lighting.
Where is this medical office space located?
The property is located at 3800 S Ocean Dr Hollywood, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 2,100 SF in Suite 224; Approximately 780 SF of Suite 224 is leased together with Suite 226; Private offices, high ceilings, glass doors, and marble floors
