Remodeled Corner Office
For Sale
$595,000
3800 S Ocean Dr Unit 212, Hollywood, FL 33019
Remodeled office unit includes furnishings, technology, and dedicated parking.
Property Size1,226 SF
Price / SF$485.32
Days on Market95
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Property Features for 3800 S Ocean Dr Unit 212
General Information
Standard status
Active
Size
1,226 SF
Total Parking Spaces
3
Additional Details
Furnished
Yes
Building Details
Year Built
1973
Listing Agency:
Prestige Luxury Real Estate
Listed By:
Marco Cunha
(305) 230-8884
Source:
Thepennteam
Added: Jul 13
Changed: Oct 9
Last Checked: Oct 7 at 3:06PM
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 Prestige Luxury Real Estate
Investment Insights
Based on property information with market context.
This 1,226-square-foot corner office unit was remodeled with a finished interior designed for immediate occupancy. Improvements include wallpaper throughout the office and kitchen, drop ceilings with recessed LED lighting, customized furniture, and an integrated technology package featuring two 75-inch TVs and five computers with multi-monitor capability. The furniture and equipment convey with the sale.
The office is located directly above Citibank and includes three parking spaces: one on the ground floor and two on the fourth floor. The building was constructed in 1973, while the office has been substantially renovated for its current configuration.
The office is located directly above Citibank and includes three parking spaces: one on the ground floor and two on the fourth floor. The building was constructed in 1973, while the office has been substantially renovated for its current configuration.
Key Highlights
- 1,226 SF corner office unit
- Fully remodeled office and kitchen interiors
- Customized furniture and technology included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,668
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,360
$473.4K
Cap Rate 7%
$338,114
$338.1K
Cap Rate 9%
$262,978
$263.0K
Market Conditions
NOI Build-Up for 1,226 SF
Gross rent
$40.5K $33.00/SF
− Vacancy
−$8.9K −$7.26/SF
EGI
$31.6K $25.74/SF
− OpEx
−$7.9K −$6.44/SF
NOI
$23.7K $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%
$473,360
Cap Rate 7%
$338,114
Cap Rate 9%
$262,978
Alternative Uses
Best Use
Office B
$338.1K
$295.9K – $394.5K
NOI $23,668 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$479.6K
$419.7K – $559.6K
NOI $33,573 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,117
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Remodeled office unit includes furnishings, technology, and dedicated parking.
Where is this office units located?
The property is located at 3800 S Ocean Dr Unit 212 Hollywood, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,226 SF corner office unit; Fully remodeled office and kitchen interiors; Customized furniture and technology included
