Multi-Tenant Flex
10190-10288 NW 47th, Sunrise, FL 33351
For Sale
$12,986,500
Office suites and warehouse areas accommodate a mix of business operations.
Property Size79,779 SF
Price / SF$162.78
Days on Market62
Property Features for 10190-10288 NW 47th
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Total R E Consultants Inc
Listed By:
J. Josep Pelayo · License #3005451
(954) 551-9427
Source:
Jofregroup
Added: Sep 7
Changed: Nov 7
Last Checked: Nov 7 at 12:55PM
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 Total R E Consultants Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 79,779-square-foot flex property combines executive office suites with warehouse space. Built in 1989, the multi-tenant business center has 79 tenants and is zoned I-1 Light Industrial. Its mix of office and flex areas supports a varied commercial occupancy profile.
The property is in Sunrise Commerce Park in Sunrise, Florida, with access to the Sawgrass Expressway, I-75, I-595 and Florida’s Turnpike.
The property is in Sunrise Commerce Park in Sunrise, Florida, with access to the Sawgrass Expressway, I-75, I-595 and Florida’s Turnpike.
Key Highlights
- 79,779 square feet of office and flex/warehouse space
- 79 current tenants
- I‑1 Light Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,045,826
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,916,520
$20.9M
Cap Rate 7%
$14,940,371
$14.9M
Cap Rate 9%
$11,620,289
$11.6M
Market Conditions
NOI Build-Up for 79,779 SF
Gross rent
$1.30M $16.32/SF
− Vacancy
−$71.6K −$0.90/SF
EGI
$1.23M $15.42/SF
− OpEx
−$184.6K −$2.31/SF
NOI
$1.05M $13.11/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,916,520
Cap Rate 7%
$14,940,371
Cap Rate 9%
$11,620,289
Alternative Uses
Best Use
Office B
$30.21M
$26.43M – $35.24M
NOI $2,114,542 @ 7.0% cap · market cap 16.28%
Second Best
Flex RnD
$25.07M
$21.94M – $29.25M
NOI $1,754,819 @ 7.0% cap · market cap 13.51%
Theoretical Best
Office A
$40.48M
$35.42M – $47.22M
NOI $2,833,268 @ 7.0% cap · market cap 21.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$352,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Broward County, FL
Properties on Market for Flex space in Broward County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Beauty Salon — 3533 N Pine Island Rd, Sunrise, FL 33351
- Nany Personal USA — 9959 Nob Hill Ct, Sunrise, FL 33351
- Arc Culinary — 10250 NW 53rd St, Sunrise, FL 33351
Frequently Asked Questions
What type of property is this?
Flex space - Office suites and warehouse areas accommodate a mix of business operations.
Where is this flex space located?
The property is located at 10190-10288 NW 47th Sunrise, FL.
What is the asking price?
The asking price for this property is $12,986,500.
What are key features of this property?
This property features: 79,779 square feet of office and flex/warehouse space; 79 current tenants; I‑1 Light Industrial zoning
