Retail Units in Co-Op
For Sale
$153,333
6134 NW 11th Street 14-2, Sunrise, FL 33313
Three adjacent, fully occupied retail units in a co-op shopping strip, with maintenance covering common-area and insurance items.
Property Size727 SF
Price / SF$210.91
Days on Market77
Property Features for 6134 NW 11th Street 14-2
General Information
Standard status
Active
Size
727 SF
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
The Agency Florida LLC
(305) 203-5085
Listed By:
Debra P Rochlin · License #B26027212
Source:
Mymiahomes
Added: Jun 15
Changed: Aug 28
Last Checked: Aug 29 at 11:45AM
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 The Agency Florida LLC
Investment Insights
Based on property information with market context.
This offering includes three adjacent, income-producing retail units in a co-op shopping strip. Units 14, 15, and 16 are fully occupied and supported by long-term tenants on month-to-month leases. The co-op maintenance dues are $268.07 and include common area lighting, property maintenance, general liability insurance, and flood insurance. Units 14 and 15 must be purchased together, while Unit 16 may be purchased separately, or all three units may be purchased together as outlined in the offering.
The property is located in the West Sunrise area, one block north of Sunrise Blvd, with convenient access to major roadways and surrounding residential communities. Showings are by appointment only, and tenants should not be disturbed.
For investors, this configuration provides leased, retail-oriented space within a co-op setting, with tenants already in place under month-to-month terms. For owner-users, the current occupancy and unit-by-unit purchase options can support flexible planning, subject to buyer verification of measurements, association information, and permitted uses.
The property is located in the West Sunrise area, one block north of Sunrise Blvd, with convenient access to major roadways and surrounding residential communities. Showings are by appointment only, and tenants should not be disturbed.
For investors, this configuration provides leased, retail-oriented space within a co-op setting, with tenants already in place under month-to-month terms. For owner-users, the current occupancy and unit-by-unit purchase options can support flexible planning, subject to buyer verification of measurements, association information, and permitted uses.
Key Highlights
- Three adjacent retail units (14, 15, and 16) in a co‑op shopping strip; all units are fully occupied
- Year built 1974; units may be purchased together or separately (Units 14 & 15 must be sold together)
- Long‑term tenants are on month‑to‑month leases for all units (do not disturb tenants; showings by appointment)
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
$12,293
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
8.02%
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%
$245,860
$245.9K
Cap Rate 7%
$175,614
$175.6K
Cap Rate 9%
$136,589
$136.6K
Market Conditions
NOI Build-Up for 727 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
$19.2K $26.40/SF
− Vacancy
−$1.6K −$2.24/SF
EGI
$17.6K $24.16/SF
− OpEx
−$5.3K −$7.25/SF
NOI
$12.3K $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 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%
$245,860
Cap Rate 7%
$175,614
Cap Rate 9%
$136,589
Alternative Uses
Best Use
Retail
$175.6K
$153.7K – $204.9K
NOI $12,293 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.8K
$322.7K – $430.3K
NOI $25,819 @ 7.0% cap · market cap 16.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Explore this area
Business Placement
Demographics for 33313, FL
63,284
Population
25,312
Households
2.5
Avg Household Size
36
Median Age
15%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
10,045
Density / Sq Mi
$45,408
Median Household Income
$30,872
Median Earnings
$1,608
Median Rent
$236,300
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.
Frequently Asked Questions
What type of property is this?
Retail space - Three adjacent, fully occupied retail units in a co-op shopping strip, with maintenance covering common-area and insurance items.
Where is this retail space located?
The property is located at 6134 NW 11th Street 14-2 Sunrise, FL.
What is the asking price?
The asking price for this property is $153,333.
What are key features of this property?
This property features: Three adjacent retail units (14, 15, and 16) in a co‑op shopping strip; all units are fully occupied; Year built 1974; units may be purchased together or separately (Units 14 & 15 must be sold together); Long‑term tenants are on month‑to‑month leases for all units (do not disturb tenants; showings by appointment)
