Corner Retail
10184 NW 47th Street 10184, Sunrise, FL 33351
For Sale
$200,000
A non-seating restaurant tenant is under contract for five more years.
Property Size431 SF
Price / SF$464.04
Days on Market794
Property Features for 10184 NW 47th Street 10184
General Information
Standard status
Size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Corner Location
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Reaction Realty Group, Inc.
Listed By:
Maria Cecilia Introini · License #3100014
(754) 214-9352
Source:
Pamandtoni
Added: Sep 5, 2024
Changed: Nov 6
Last Checked: Nov 6 at 2:43PM
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 Reaction Realty Group, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space is a corner unit occupied by a non-seating restaurant tenant. The building was constructed in 1987, and the tenant has five more years under contract.
The property is at 10184 NW 47th Street in Sunrise, Florida. The association fee covers water and building insurance.
The property is at 10184 NW 47th Street in Sunrise, Florida. The association fee covers water and building insurance.
Key Highlights
- Corner retail unit
- Occupied by a non‑seating restaurant tenant with 5 more years under contract
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,288
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,760
$145.8K
Cap Rate 7%
$104,114
$104.1K
Cap Rate 9%
$80,978
$81.0K
Market Conditions
NOI Build-Up for 431 SF
Gross rent
$11.4K $26.40/SF
− Vacancy
−$967 −$2.24/SF
EGI
$10.4K $24.16/SF
− OpEx
−$3.1K −$7.25/SF
NOI
$7.3K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$145,760
Cap Rate 7%
$104,114
Cap Rate 9%
$80,978
Alternative Uses
Best Use
Retail
$104.1K
$91.1K – $121.5K
NOI $7,288 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$218.7K
$191.3K – $255.1K
NOI $15,307 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Leisure 33%
Dining 32%
Shops & Services 18%
Apparel 13%
Amc 8 Movies Sunrise
Leisure
26,337 visits/mo
0.4 miles
McDonald's
Dining
21,131 visits/mo
0.5 miles
Goodwill
Apparel
10,756 visits/mo
0.4 miles
Chevron
Shops & Services
8,179 visits/mo
0.5 miles
Exxon
Shops & Services
3,958 visits/mo
0.4 miles
Demographics for 33351, FL
36,913
Population
13,843
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
6,711
Density / Sq Mi
$68,996
Median Household Income
$40,013
Median Earnings
$1,881
Median Rent
$352,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Broward County, FL
Properties on Market for Retail space in Broward County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - A non-seating restaurant tenant is under contract for five more years.
Where is this retail space located?
The property is located at 10184 NW 47th Street 10184 Sunrise, FL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Corner retail unit; Occupied by a non‑seating restaurant tenant with 5 more years under contract; Built in 1987
