Updated Flex Space
For Sale
$260,000
6150 NW 11th Street 22-3, Sunrise, FL 33313
Open-plan commercial unit with modern finishes and adaptable space for retail, office, studio, or professional service use.
Property Size720 SF
Price / SF$361.11
Days on Market73
Property Features for 6150 NW 11th Street 22-3
General Information
Standard status
Active
Size
720 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1974
Listing Agency:
Safebound Realty LLC
Listed By:
Andres Londono · License #3346052
(561) 584-2780
Source:
Chenoregroup
Added: Jul 21
Changed: Sep 29
Last Checked: Sep 30 at 3:35PM
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 720-square-foot flex space unit offers an open interior with recently updated finishes and a layout that can be customized for different business formats. The property information supports retail, office, studio, and professional or service-oriented uses, providing a versatile commercial configuration within a compact footprint.
Built in 1974 and located at 6150 NW 11th Street 22-3 in Sunrise, the unit is positioned near a highway for direct roadway access. Its adaptable interior and clean, modern presentation suit an owner-user or investor seeking flexible commercial space.
Built in 1974 and located at 6150 NW 11th Street 22-3 in Sunrise, the unit is positioned near a highway for direct roadway access. Its adaptable interior and clean, modern presentation suit an owner-user or investor seeking flexible commercial space.
Key Highlights
- 720 SF commercial flex space unit
- Recently updated with clean, modern finishes
- Open layout supports flexible interior customization
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
7.34%
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 7.34%
Second Best
Flex RnD
$226.2K
$198.0K – $264.0K
NOI $15,837 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$365.3K
$319.6K – $426.2K
NOI $25,570 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BBQ DADDY — 6600 NW 14th St B6, Plantation, FL 33313
- That's My Dog Food Truck — 1221 NW 51st Ave, Lauderhill, FL 33313
- Chef Niel 305 catering llc — 6541 NW 16th St, Plantation, FL 33313
- Tee's Baked Goods & Full Kitchen, LLC. — 5429 NW 18th Pl, Lauderhill, FL 33313
Frequently Asked Questions
What type of property is this?
Flex space - Open-plan commercial unit with modern finishes and adaptable space for retail, office, studio, or professional service use.
Where is this flex space located?
The property is located at 6150 NW 11th Street 22-3 Sunrise, FL.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 720 SF commercial flex space unit; Recently updated with clean, modern finishes; Open layout supports flexible interior customization
