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    Downtown Hollywood Office and Retail Title is generated by Realmo AI

    1930 Harrison St, Hollywood, FL 33020

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    Premier office and retail building in Downtown Hollywood.

    Type:Office, Retail
    Property size:
    52,120 SF
    Added:
    Aug 29, 2022
    Days on Market:
    1376
    Last Refresh:
    May 13 at 12:41 am

    Property Features for 1930 Harrison St

    General Information

    Standard status
    Active
    Size
    52,120 SF
    Property subtype
    Office, Retail

    Building Details

    Year Built
    2004

    Spaces For Lease

    at 1930 Harrison St Contact us

    Suite 301 $23/Mo

    Size
    435 SF
    Type
    Office
    Single office with a reception area;
    Contact us

    Suite 101 $23/Mo

    Size
    770 SF
    Type
    Office
    Office suite with 3 windows and a reception area
    Contact us

    Suite 207 $25/Mo

    Size
    675 SF
    Type
    Office
    Office suite with private office, conference room and reception area
    Contact us

    Suite 505 $28/Mo

    Size
    2,909 SF
    Type
    Office
    Beautiful office suite with a tiled reception area, large conference room, kitchenette,...
    show more
    Contact us

    Suite 203 $25/Mo

    Size
    1,287 SF
    Type
    Office
    Beautiful office suite with 4 offices, administrative room, reception area and storage.
    Contact us
    Show more

    We can help!

    Listing Contact
    Lisa Tenn

    Listing agent Lisa Tenn License #SL568139

    Listing office Firm Realty

    Listing date Aug 29, 2022

    Source Crexi

    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 Firm Realty

    HighLights

    • Premier downtown Hollywood location on Harrison Street, a busy retail and office corridor with fine dining and eclectic stores.
    • Direct connection to the Van Buren Street City Parking Garage via a covered walkway from the 3rd floor.
    • Completed in 2004, featuring granite finishes in common areas, high arched ceilings in the lobby, and impact‑resistant windows and doors.
    • Convenient access to major expressways (US1, Hollywood Boulevard, I95, Palmetto Expressway, Florida Turnpike, I595).
    • 5th‑floor tenant lounge and individual climate control in each suite.
    • Walking distance to residential apartments, hotels, hospitals, and medical offices.

    Overview

    Harrison Executive Centre, situated at 1930 Harrison Street in Downtown Hollywood, is a commercial building completed in 2004. The six-story structure encompasses 52,120 square feet and features granite finishes in common areas, high arched ceilings in the lobby, and impact-resistant windows and doors. A covered walkway connects the third floor directly to the Van Buren Street City Parking Garage. The building offers a 5th-floor lounge and individual climate control in each suite. The tenant mix includes medical users, attorneys, accountants, technology companies, real estate offices, and a hair salon. Located on Harrison Street, the building is positioned within a retail and office corridor with dining options, stores, a dance academy, a music conservatory, and salons. It is within walking distance of residential apartments, hotels, hospitals, and medical offices. The location provides access to major expressways via US1 and Hollywood Boulevard, situated east of I95 and west of US1, with connections to the Palmetto Expressway, Florida Turnpike, and I595. Proximity to the Tri Rail and Amtrak stations, the planned Hollywood Bright Line station, Port Everglades, and Ft. Lauderdale International Airport enhances accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Southland Mortgage, Inc. Loan Service Blue Flame Studio ... Photography Service Ultimate Relationship Coaching Family Counselor Dr. Nidal Masri, ... Physician Hillebrand Gori - A company ... Freight Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.146298
    Latitude
    26.0102111

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    FAQs

    What type of property is this?
    Office building - Premier office and retail building in Downtown Hollywood.
    Where is this office building located?
    The property is located at 1930 Harrison St Hollywood, FL.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Premier downtown Hollywood location on Harrison Street, a busy retail and office corridor with fine dining and eclectic stores.; Direct connection to the Van Buren Street City Parking Garage via a covered walkway from the 3rd floor.; Completed in 2004, featuring granite finishes in common areas, high arched ceilings in the lobby, and impact‑resistant windows and doors.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lisa Tenn
    Real Estate License ID: SL568139
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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