Dividable Office
For Sale
$685,000
6120 NW 11th Street, Sunrise, FL
Commercial Sale, Sunrise, FL
Property Size2,255 SF
Price / SF$303.77
Days on Market143
Property Features for 6120 NW 11th Street
General Information
Property type
Residential
Property subtype
Office
Zoning
B-3
Parking
6
Subdivision
3750
Standard status
Active
APN
494135kk0100
Size
2,255 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
COMMERCE CENTER COMM CONDO UNIT 10 BLDG 2 PER CDO BK/PG: 11317/147
Tax Annual Amount
9200
HOA Fee
$840 Monthly
Legal Description
COMMERCE CENTER COMM CONDO UNIT 10 BLDG 2 PER CDO BK/PG: 11317/147
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Number of units
1
Flooring type
Carpet
Building materials
CBS, Concrete
Roof type
Flat, Rolled Hot Mop
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Michael D Gooden · License #0698958
(954) 288-6664
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 11:06PM
MLS# B26014265
Copyright © 2026 BeachesMLS. 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.
This office property at 6120 NW 11th Street offers a flexible commercial layout that may be configured into four separate spaces, subject to applicable requirements. The building was constructed in 1974 with CBS and concrete materials, carpet flooring, central heating, central air conditioning, a flat rolled hot-mop roof, and cable availability.
The property is served by public water and public sewer and is zoned B-3. Available parking is noted on site. The zoning does not permit church use. Located in Sunrise, the property provides an office-oriented configuration with the option to adapt the interior for multiple occupants or users.
The property is served by public water and public sewer and is zoned B-3. Available parking is noted on site. The zoning does not permit church use. Located in Sunrise, the property provides an office-oriented configuration with the option to adapt the interior for multiple occupants or users.
Key Highlights
- Office property at 6120 NW 11th Street, Sunrise, FL
- 2,255 square feet of property size
- Interior may be divided into 4 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,769
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,380
$1.2M
Cap Rate 7%
$853,843
$853.8K
Cap Rate 9%
$664,100
$664.1K
Market Conditions
NOI Build-Up for 2,255 SF
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.
Gross rent
$102.8K $45.60/SF
− Vacancy
−$23.1K −$10.26/SF
EGI
$79.7K $35.34/SF
− OpEx
−$19.9K −$8.84/SF
NOI
$59.8K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,195,380
Cap Rate 7%
$853,843
Cap Rate 9%
$664,100
Alternative Uses
Best Use
Office B
$853.8K
$747.1K – $996.2K
NOI $59,769 @ 7.0% cap · market cap 8.73%
Second Best
Retail
$544.7K
$476.6K – $635.5K
NOI $38,130 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,084 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office property with a flexible interior layout, central HVAC, public utilities, and available parking.
Where is this office units located?
The property is located at 6120 NW 11th Street Sunrise, FL.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Office property at 6120 NW 11th Street, Sunrise, FL; 2,255 square feet of property size; Interior may be divided into 4 spaces
