Flex Space with Office
New
For Sale
Contact for pricing
731-745 Shotgun Rd, Sunrise, FL 33326
Office areas and a generator transfer switch support administrative and project-management functions.
Property Size2,295 SF
Price / SF$371.24
Days on Market6
Property Features for 731-745 Shotgun Rd
General Information
Standard status
Active
Size
2,295 SF
Total Parking Spaces
15
Property subtype
FLEX_R_AND_D
Zoning
I-1
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
3
Conditioned Warehouse
No
Listing Agency:
Colliers | Fort Lauderdale
(954) 652-4600
Listed By:
Salvatore Bonsignore
(954) 652-4608
Source:
Moodyscre
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 13 at 2:09AM
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 Colliers | Fort Lauderdale
Investment Insights
Based on property information with market context.
This flex property includes office improvements and non-air-conditioned warehouse space, with the warehouse area described as expandable. A back-up generator transfer switch is installed, and the roof has been recently replaced. The property is in the I-1 Light Industrial District.
Five parking spaces are assigned per unit. The stated purchase configurations include Unit 735 individually, Units 737 and 739 together, or all three units combined. Association dues are estimated at $7.82/SF annually.
Five parking spaces are assigned per unit. The stated purchase configurations include Unit 735 individually, Units 737 and 739 together, or all three units combined. Association dues are estimated at $7.82/SF annually.
Key Highlights
- Office improvements for administrative and project‑management use
- Non‑air‑conditioned warehouse area with expansion potential
- Back‑up generator transfer switch in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,481
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,620
$1.0M
Cap Rate 7%
$721,157
$721.2K
Cap Rate 9%
$560,900
$560.9K
Market Conditions
NOI Build-Up for 2,295 SF
Gross rent
$82.6K $36.00/SF
− Vacancy
−$5.0K −$2.16/SF
EGI
$77.7K $33.84/SF
− OpEx
−$27.2K −$11.84/SF
NOI
$50.5K $22.00/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,620
Cap Rate 7%
$721,157
Cap Rate 9%
$560,900
Alternative Uses
Best Use
Flex RnD
$721.2K
$631.0K – $841.4K
NOI $50,481 @ 7.0% cap · market cap 5.93%
Second Best
Warehouse
$429.8K
$376.1K – $501.4K
NOI $30,085 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,505 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
22 ft
Clear height
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33326, FL
33,978
Population
12,679
Households
2.7
Avg Household Size
41
Median Age
58%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
4,719
Density / Sq Mi
$113,935
Median Household Income
$53,634
Median Earnings
$2,381
Median Rent
$529,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office areas and a generator transfer switch support administrative and project-management functions.
Where is this flex space located?
The property is located at 731-745 Shotgun Rd Sunrise, FL.
What is the asking price?
The asking price for this property is $852,000.
What are key features of this property?
This property features: Office improvements for administrative and project‑management use; Non‑air‑conditioned warehouse area with expansion potential; Back‑up generator transfer switch in place
