Sunrise Industrial Property For
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5250-5290 N Hiatus Rd, Sunrise, FL
Industrial property in Sunrise, Florida, ideal for owner-user.
Property Size34,555 SF
Lot Size2.53 Acres
Price / SF$260.45
Days on Market683
Property Features for 5250-5290 N Hiatus Rd
General Information
Standard status
Active
Size
34,555 SF
Lot size
2.53 Acres
Property subtype
INDUSTRIAL
Listing Agency:
RCG Commercial Realty
Listed By:
Alex Rich
(954) 554-1526
Source:
Moodyscre
Added: Oct 25, 2024
Changed: Aug 22
Last Checked: Sep 6 at 1:15PM
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 RCG Commercial Realty
Investment Insights
Based on property information with market context.
Located just off the Commercial Boulevard exit of the Sawgrass Expressway in Sunrise, Florida, the property at 5250-5290 N Hiatus Rd offers 34,555 square feet of industrial space. This property is suitable for an owner-user or a value-add investor.
Key Highlights
- Ideal for Owner‑User
- Ideal for Value‑Add Investor
- Located off Commercial Blvd exit of Sawgrass Expressway
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
$373,045
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
4.14%
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%
$7,460,900
$7.5M
Cap Rate 7%
$5,329,214
$5.3M
Cap Rate 9%
$4,144,944
$4.1M
Market Conditions
NOI Build-Up for 34,555 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
$563.9K $16.32/SF
− Vacancy
−$31.0K −$0.90/SF
EGI
$532.9K $15.42/SF
− OpEx
−$159.9K −$4.63/SF
NOI
$373.0K $10.80/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
30.00%
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%
$7,460,900
Cap Rate 7%
$5,329,214
Cap Rate 9%
$4,144,944
Alternative Uses
Best Use
Industrial
$5.33M
$4.66M – $6.22M
NOI $373,045 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.53M
$15.34M – $20.45M
NOI $1,227,185 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,083
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Industrial property in Sunrise, Florida, ideal for owner-user.
Where is this industrial property located?
The property is located at 5250-5290 N Hiatus Rd Sunrise, FL.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Ideal for Owner‑User; Ideal for Value‑Add Investor; Located off Commercial Blvd exit of Sawgrass Expressway
