Freestanding Office and Medical
For Sale
Contact for pricing
6190 NW 11th Street, Sunrise, FL 33313
Freestanding building with eight office rooms, reception, four bathrooms, gated parking, and front/back entrances for flexible professional use.
Property Size3,386 SF
Price / SF$235.06
Days on Market146
Property Features for 6190 NW 11th Street
General Information
Standard status
Active
Size
3,386 SF
Total Parking Spaces
15
Property subtype
Office
Zoning
B-3
Additional Details
Highway Access
Yes
Office Units
8
Building Details
Year Built
1975
Buildings
1
Stories
2
Listing Agency:
Absolute Realty Inc
(954) 791-8806
Listed By:
Ian Carter · License #592049
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Jul 22 at 4:57PM
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 Absolute Realty Inc
Investment Insights
Based on property information with market context.
This freestanding office and medical building is set up for multiple workspaces, with eight offices that include a reception area. The interior also features four bathrooms, including one bathroom with a shower, plus a lounge area with a sink. Multiple access points are supported with both front and back entrances, and the property offers gated parking.
The building is located near major roadways, with convenient access to the Turnpike, I-95, and SR 595. The setting supports business use where visibility and straightforward driving access matter for tenants, staff, and clients.
Configured for professional activities, the layout can support medical and other office operations, including owner-occupied use, leasing by an operator, or a mixed-use approach. The gated parking and dedicated reception area are practical for client-facing businesses, while the additional rooms and separate entrances can help accommodate staff workflow. The building is offered for sale, and it is also available for lease.
The building is located near major roadways, with convenient access to the Turnpike, I-95, and SR 595. The setting supports business use where visibility and straightforward driving access matter for tenants, staff, and clients.
Configured for professional activities, the layout can support medical and other office operations, including owner-occupied use, leasing by an operator, or a mixed-use approach. The gated parking and dedicated reception area are practical for client-facing businesses, while the additional rooms and separate entrances can help accommodate staff workflow. The building is offered for sale, and it is also available for lease.
Key Highlights
- Freestanding building built in 1975 with eight office rooms plus a reception area
- Four bathrooms, including one with a shower
- Lounge area with a sink
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
$44,614
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
5.61%
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%
$892,280
$892.3K
Cap Rate 7%
$637,343
$637.3K
Cap Rate 9%
$495,711
$495.7K
Market Conditions
NOI Build-Up for 3,386 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
$81.3K $24.00/SF
− Vacancy
−$6.9K −$2.04/SF
EGI
$74.4K $21.96/SF
− OpEx
−$29.7K −$8.78/SF
NOI
$44.6K $13.18/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
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%
$892,280
Cap Rate 7%
$637,343
Cap Rate 9%
$495,711
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.50M
NOI $89,746 @ 7.0% cap · market cap 11.28%
Second Best
Healthcare Medical
$637.3K
$557.7K – $743.6K
NOI $44,614 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,250 @ 7.0% cap · market cap 15.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,028
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 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 building - Freestanding building with eight office rooms, reception, four bathrooms, gated parking, and front/back entrances for flexible professional use.
Where is this office building located?
The property is located at 6190 NW 11th Street Sunrise, FL.
What is the asking price?
The asking price for this property is $795,900.
What are key features of this property?
This property features: Freestanding building built in 1975 with eight office rooms plus a reception area; Four bathrooms, including one with a shower; Lounge area with a sink
