Co-op Strip Mall Retail
For Sale
Contact for pricing
6136 NW 11th Street # 2 #15-2, Sunrise, FL 33313
Three adjacent, fully occupied retail units with month-to-month tenancy and shared co-op maintenance coverage.
Property Size677 SF
Price / SF$226.49
Days on Market109
Property Features for 6136 NW 11th Street # 2 #15-2
General Information
Standard status
Active
Size
677 SF
Total Parking Spaces
2
Property subtype
Office, Industrial, Business for Sale
Zoning
B-3
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Year Built
1974
Buildings
3
Listing Agency:
The Agency Florida LLC
Listed By:
Debra Rochlin · License #B26027212
(305) 203-5085
Source:
Crexi
Added: May 17
Changed: Aug 31
Last Checked: Sep 2 at 2:35AM
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 each currently occupied by long-term tenants on month-to-month leases, providing continuity of occupancy while maintaining flexibility. The listing indicates that Units 14 and 15 must be purchased together, while Unit 16 may be purchased separately; all units may also be purchased as a group as outlined in the offering.
The property is located in the West Sunrise area, one block north of Sunrise Blvd. Access to major roadways is noted as convenient, with surrounding residential communities in the area. Co-op maintenance dues of $268.07 are reported to include common area lighting, property maintenance, general liability insurance, and flood insurance.
For investors, the primary appeal is the combination of current occupancy and the month-to-month structure of the existing tenants. For future owner-users, the ability to purchase Units 14 and 15 together or add Unit 16 separately can support different operating plans while keeping the units in the same co-op retail strip. Showings are available by appointment only, and the listing asks that tenants are not disturbed. Buyers should verify all measurements, association information, and permitted uses.
The property is located in the West Sunrise area, one block north of Sunrise Blvd. Access to major roadways is noted as convenient, with surrounding residential communities in the area. Co-op maintenance dues of $268.07 are reported to include common area lighting, property maintenance, general liability insurance, and flood insurance.
For investors, the primary appeal is the combination of current occupancy and the month-to-month structure of the existing tenants. For future owner-users, the ability to purchase Units 14 and 15 together or add Unit 16 separately can support different operating plans while keeping the units in the same co-op retail strip. Showings are available by appointment only, and the listing asks that tenants are not disturbed. Buyers should verify all measurements, association information, and permitted uses.
Key Highlights
- Three adjacent retail units in a co‑op shopping strip (Units 14–16), all currently fully occupied
- Month‑to‑month leases with long‑term tenants on all units, offering flexibility for investors or owner‑users
- Year built: 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
$11,448
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
7.47%
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%
$228,960
$229.0K
Cap Rate 7%
$163,543
$163.5K
Cap Rate 9%
$127,200
$127.2K
Market Conditions
NOI Build-Up for 677 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
$17.9K $26.40/SF
− Vacancy
−$1.5K −$2.24/SF
EGI
$16.4K $24.16/SF
− OpEx
−$4.9K −$7.25/SF
NOI
$11.4K $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%
$228,960
Cap Rate 7%
$163,543
Cap Rate 9%
$127,200
Alternative Uses
Best Use
Retail
$163.5K
$143.1K – $190.8K
NOI $11,448 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.5K
$300.5K – $400.7K
NOI $24,043 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Lester's Diner
Dining
15,015 visits/mo
0.4 miles
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
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Frequently Asked Questions
What type of property is this?
Strip mall - Three adjacent, fully occupied retail units with month-to-month tenancy and shared co-op maintenance coverage.
Where is this strip mall located?
The property is located at 6136 NW 11th Street # 2 #15-2 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 in a co‑op shopping strip (Units 14–16), all currently fully occupied; Month‑to‑month leases with long‑term tenants on all units, offering flexibility for investors or owner‑users; Year built: 1974
