Air-Conditioned Flex
For Sale
$1,050,000
Pending
731 SHOTGUN RD Unit 731, Sunrise, FL 33326
Combined office and warehouse configuration includes loading access, mezzanine storage, work areas, and eight parking spaces.
Property Size5,300 SF
Days on Market4008
Property Features for 731 SHOTGUN RD Unit 731
General Information
Standard status
Pending
Size
5,300 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$5,551
Amenities
3
8 Parking Spaces.
Building Details
Year Built
2000
Listing Agency:
(727) 207-1759
Listed By:
Real Estate Sales Force
(727) 207-1759
Source:
Xome
Added: Sep 11, 2015
Changed: Aug 30
Last Checked: Aug 30 at 9:17PM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
This flex property combines Units 731 and 733 into 5,300 square feet with 100% air-conditioning coverage. The layout includes 1,400 square feet of office space and 3,800 square feet of warehouse area, along with two 500-square-foot mezzanines. One mezzanine is designated for storage, while the other includes stairs. The warehouse also provides two loading doors, a 500-square-foot storage room, a conference/testing room, an ADA-compliant restroom, and open office or workstation areas.
The office portion includes a second ADA-compliant restroom, kitchenette, two private offices or conference rooms, and a large open area configured for reception and additional offices. Eight parking spaces are included. The property was built in 2000 and is located at 731 Shotgun Road, Unit 731, in Sunrise, Florida.
The office portion includes a second ADA-compliant restroom, kitchenette, two private offices or conference rooms, and a large open area configured for reception and additional offices. Eight parking spaces are included. The property was built in 2000 and is located at 731 Shotgun Road, Unit 731, in Sunrise, Florida.
Key Highlights
- 5,300 SF flex property with 100% AC coverage
- Combined 1,400 SF office and 3,800 SF warehouse configuration
- Two 500 SF mezzanines; one for storage and one with stairs
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
$69,478
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
6.62%
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%
$1,389,560
$1.4M
Cap Rate 7%
$992,543
$992.5K
Cap Rate 9%
$771,978
$772.0K
Market Conditions
NOI Build-Up for 5,300 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
$86.5K $16.32/SF
− Vacancy
−$4.8K −$0.90/SF
EGI
$81.7K $15.42/SF
− OpEx
−$12.3K −$2.31/SF
NOI
$69.5K $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 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%
$1,389,560
Cap Rate 7%
$992,543
Cap Rate 9%
$771,978
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.34M
NOI $140,477 @ 7.0% cap · market cap 13.38%
Second Best
Flex RnD
$1.67M
$1.46M – $1.94M
NOI $116,579 @ 7.0% cap · market cap 11.10%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,224 @ 7.0% cap · market cap 17.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33326, FL
33,978
Population
12,679
Households
2.7
Avg Household Size
41
Median Age
58%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
4,719
Density / Sq Mi
$113,935
Median Household Income
$53,634
Median Earnings
$2,381
Median Rent
$529,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Combined office and warehouse configuration includes loading access, mezzanine storage, work areas, and eight parking spaces.
Where is this flex space located?
The property is located at 731 SHOTGUN RD Unit 731 Sunrise, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 5,300 SF flex property with 100% AC coverage; Combined 1,400 SF office and 3,800 SF warehouse configuration; Two 500 SF mezzanines; one for storage and one with stairs
