Class A Office Condo
503-200 S Andrews Ave Fort Lauderdale, FL 33301
For Sale
$990,000
Turnkey, renovated office condo featuring executive offices, conference space, and bullpen-style open workspace with reception.
Property Size2,400 SF
Price / SF$412.50
Days on Market57
Property Features for 503-200 S Andrews Ave
General Information
- Standard status
- Active
- Size
- 2,400 SF
Listing Agency:
Coastal Group Brokers
(954) 400-9527
Listed By:
Harpreet Singh
(954) 400-9527
Source:
Exprealty
Added: May 28
Changed: Jul 22
Last Checked: Jul 22 at 5:12PM
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 Coastal Group Brokers
Investment Insights
Based on property information with market context.
This Class A office condo suite in the Museum Plaza building is offered in move-in-ready condition with approximately 2,400 SF of renovated office space. The interior layout includes six executive offices, a large conference room, a welcoming reception area, a file/storage room, a kitchenette, and an expansive bullpen/open workspace suited to team collaboration. Floor-to-ceiling windows throughout provide natural light and downtown skyline views.
The building provides secured entry access and live security, with well-maintained common areas. Electricity is included through the association. On-site parking is available via a private parking garage with two dedicated spaces, with additional nearby public parking for visitors and staff.
The suite is positioned for convenient downtown access, with proximity to Las Olas Boulevard, Brightline, courthouses, restaurants, shopping, and major highways.
The building provides secured entry access and live security, with well-maintained common areas. Electricity is included through the association. On-site parking is available via a private parking garage with two dedicated spaces, with additional nearby public parking for visitors and staff.
The suite is positioned for convenient downtown access, with proximity to Las Olas Boulevard, Brightline, courthouses, restaurants, shopping, and major highways.
Key Highlights
- Approximately 2,400 SF Class A office condo in the Museum Plaza building in downtown Fort Lauderdale
- Renovated, move‑in‑ready suite with reception area, 6 executive offices, large conference room, and bullpen/open workspace
- Floor‑to‑ceiling windows provide abundant natural light with downtown skyline views
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.4k | $45.60 |
| − Vacancy | −$17.5k | −$7.30 |
| EGI | $91.9k | $38.30 |
| − OpEx | −$23.0k | −$9.58 |
| NOI | $68.9k | $28.73 |
2,400 SF · lease $45.60/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$985.0K
$861.8K – $1.15M
NOI $68,947 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,896 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Turnkey, renovated office condo featuring executive offices, conference space, and bullpen-style open workspace with reception.
Where is this office units located?
The property is located at 503-200 S Andrews Ave Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Approximately 2,400 SF Class A office condo in the Museum Plaza building in downtown Fort Lauderdale; Renovated, move‑in‑ready suite with reception area, 6 executive offices, large conference room, and bullpen/open workspace; Floor‑to‑ceiling windows provide abundant natural light with downtown skyline views
