3 Adjacent Retail
For Sale
$153,333
6136 NW 11th Street #15-2, Sunrise, FL 33313
Three contiguous storefront units in a co-op shopping strip with current month-to-month occupancy and flexible acquisition options.
Property Size677 SF
Price / SF$226.49
Days on Market111
Property Features for 6136 NW 11th Street #15-2
General Information
Standard status
Active
Size
677 SF
Property subtype
Commercial
Occupancy
100%
Additional Details
Asking Price
$460,000
Taxes and HOA fees
Annual Taxes
$2,970
Amenities
Common
Free Parking
Other Roof
Building Details
Year Built
1974
Tenancy
Multi
Listing Agency:
THE AGENCY FLORIDA LLC
(305) 203-5085
Listed By:
DEBRA P ROCHLIN · License #B26027214
Source:
Corcoran
Added: May 13
Changed: Aug 31
Last Checked: Aug 31 at 5:03PM
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 retail offering comprises three neighboring storefront units within a cooperative shopping strip. The units are currently occupied by established tenants under month-to-month lease arrangements, providing existing occupancy while preserving flexibility for a future owner-user or investor. The units can be acquired together, with Units 14 and 15 required to transfer as a pair and Unit 16 available independently.
The property is located at 6136 NW 11th Street in Sunrise, one block north of Sunrise Boulevard. Common-area lighting, exterior property maintenance, general liability insurance, and flood insurance are included through the association maintenance program. The building dates to 1974, and showings are available by appointment without disturbing occupants.
The property is located at 6136 NW 11th Street in Sunrise, one block north of Sunrise Boulevard. Common-area lighting, exterior property maintenance, general liability insurance, and flood insurance are included through the association maintenance program. The building dates to 1974, and showings are available by appointment without disturbing occupants.
Key Highlights
- Three adjacent retail units in a cooperative shopping strip
- Current occupancy by long‑term tenants on month‑to‑month leases
- Units 14 and 15 must be purchased together; Unit 16 may be acquired separately
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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Retail space - Three contiguous storefront units in a co-op shopping strip with current month-to-month occupancy and flexible acquisition options.
Where is this retail space located?
The property is located at 6136 NW 11th Street #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 cooperative shopping strip; Current occupancy by long‑term tenants on month‑to‑month leases; Units 14 and 15 must be purchased together; Unit 16 may be acquired separately
