Retail Storefront Showroom
For Sale
$685,000
6120 NW 11th Street #10-2, Sunrise, FL 33323
For sale retail/showroom suite in a storefront setting, suited for businesses needing a dedicated customer-facing space.
Property Size2,255 SF
Days on Market47
Property Features for 6120 NW 11th Street #10-2
General Information
Standard status
Active
Size
2,255 SF
Total Parking Spaces
6
Zoning
B-3
Taxes and HOA fees
Annual Taxes
$9,200
Building Details
Building Size
2,255 SF
Year Built
1974
Buildings
1
Stories
1
Listing Agency:
LoKation
(954) 288-6664
Listed By:
Michael D Gooden · License #0698958
(954) 288-6664
Source:
Laerrealty
Added: Jul 7
Changed: Aug 12
Last Checked: Aug 22 at 3:53AM
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 LoKation
Investment Insights
Based on property information with market context.
This listing presents a retail storefront showroom suite available for sale. The space is identified as suite #10-2, offering a dedicated unit within a commercial retail property. It is best suited to service providers and retail users that want a customer-facing storefront presence in a defined, accessible suite.
The property is located at 6120 NW 11th Street in Sunrise, Florida. As a retail-oriented asset, it is positioned for businesses that benefit from a dedicated street-level commercial environment and a straightforward, showroom-style layout.
For tenants, operators, and buyers evaluating retail concepts, a storefront suite like this provides a practical footprint for sales, merchandising, or customer interactions within an individual unit. Because the offering is specifically described as a showroom and storefront-type commercial space, it aligns most directly with retail and showroom uses rather than office-only occupancy. Please reach out for additional details on the unit’s configuration and any available building or property information that may affect fit and underwriting.
The property is located at 6120 NW 11th Street in Sunrise, Florida. As a retail-oriented asset, it is positioned for businesses that benefit from a dedicated street-level commercial environment and a straightforward, showroom-style layout.
For tenants, operators, and buyers evaluating retail concepts, a storefront suite like this provides a practical footprint for sales, merchandising, or customer interactions within an individual unit. Because the offering is specifically described as a showroom and storefront-type commercial space, it aligns most directly with retail and showroom uses rather than office-only occupancy. Please reach out for additional details on the unit’s configuration and any available building or property information that may affect fit and underwriting.
Key Highlights
- Retail/showroom suite in a storefront setting with a dedicated customer‑facing space
- Built in 1974
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
$38,130
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
5.57%
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%
$762,600
$762.6K
Cap Rate 7%
$544,714
$544.7K
Cap Rate 9%
$423,667
$423.7K
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
$59.5K $26.40/SF
− Vacancy
−$5.1K −$2.24/SF
EGI
$54.5K $24.16/SF
− OpEx
−$16.3K −$7.25/SF
NOI
$38.1K $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 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%
$762,600
Cap Rate 7%
$544,714
Cap Rate 9%
$423,667
Alternative Uses
Best Use
Retail
$544.7K
$476.6K – $635.5K
NOI $38,130 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
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
Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Lester's Diner
Dining
15,015 visits/mo
0.4 miles
Demographics for 33323, FL
23,149
Population
9,356
Households
2.5
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
7.5 sq mi
ZIP Area
3,087
Density / Sq Mi
$109,569
Median Household Income
$50,565
Median Earnings
$2,512
Median Rent
$449,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail/showroom suite in a storefront setting, suited for businesses needing a dedicated customer-facing space.
Where is this storefront property located?
The property is located at 6120 NW 11th Street #10-2 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: Retail/showroom suite in a storefront setting with a dedicated customer‑facing space; Built in 1974
