Updated Commercial Unit For
For Sale
$240,000
6150 NW 11th St 22-3, Sunrise, FL 33323
Recently updated, flexible commercial unit suitable for various business types.
Property Size720 SF
Price / SF$333.33
Days on Market156
Property Features for 6150 NW 11th St 22-3
General Information
Standard status
Active
Size
720 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,400
Building Details
Building Size
720 SF
Year Built
1974
Stories
1
Units
1
Listing Agency:
Safebound Realty LLC
(561) 584-2780
Listed By:
Andres Londono · License #B26033719
(561) 584-2780
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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 Safebound Realty LLC
Investment Insights
Based on property information with market context.
This recently updated 720 sq. ft. commercial unit features an open layout suitable for a variety of business types, including retail, office, studio, or professional/service uses. The flexible design, clean, modern finishes, and adaptable floor plan allow for easy customization. The property benefits from great visibility and convenient access. The location offers easy access to the highway and presents an opportunity for personal use or investment.
Key Highlights
- Flexible open layout suitable for retail, office, studio, or professional/service uses.
- Recently updated 720 sq. ft. commercial unit.
- Great visibility and convenient access.
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
$19,084
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
7.95%
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%
$381,680
$381.7K
Cap Rate 7%
$272,629
$272.6K
Cap Rate 9%
$212,044
$212.0K
Market Conditions
NOI Build-Up for 720 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
$32.8K $45.60/SF
− Vacancy
−$7.4K −$10.26/SF
EGI
$25.4K $35.34/SF
− OpEx
−$6.4K −$8.84/SF
NOI
$19.1K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$381,680
Cap Rate 7%
$272,629
Cap Rate 9%
$212,044
Alternative Uses
Best Use
Office B
$272.6K
$238.6K – $318.1K
NOI $19,084 @ 7.0% cap · market cap 7.95%
Second Best
Retail
$173.9K
$152.2K – $202.9K
NOI $12,175 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$365.3K
$319.6K – $426.2K
NOI $25,570 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
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 Office 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?
Office units - Recently updated, flexible commercial unit suitable for various business types.
Where is this office units located?
The property is located at 6150 NW 11th St 22-3 Sunrise, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Flexible open layout suitable for retail, office, studio, or professional/service uses.; Recently updated 720 sq. ft. commercial unit.; Great visibility and convenient access.
