Updated Flex Space with High
For Sale
$2,611,000
735-739 Shotgun Rd, Sunrise, FL 33326
Air-conditioned commercial space combines loading access with office-ready interiors.
Property Size6,990 SF
Price / SF$373.53
Days on Market176
Property Features for 735-739 Shotgun Rd
General Information
Standard status
Active
Size
6,990 SF
Total Parking Spaces
15
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Conditioned Warehouse
Yes
Office Units
3
Taxes and HOA fees
Annual Taxes
$12,992
Amenities
3
Parking.
Shared Driveway, Assigned Parking Space.
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Lifestyle International Realty
(954) 240-8385
Listed By:
Cristen Navarro
(954) 240-8385
Source:
Xome
Added: Mar 7
Changed: Aug 30
Last Checked: Aug 30 at 6:47AM
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 Lifestyle International Realty
Investment Insights
Based on property information with market context.
This flex-space offering includes three separate folios totaling 6,990 square feet, with five assigned parking spaces allocated to each folio. The units are fully air-conditioned and feature high ceilings, high-bay doors, and layouts that can support warehouse operations or office-oriented configurations. Existing improvements include conference rooms, private offices, reception areas, kitchens, and updated bathrooms.
The property is located on Shotgun Rd in Sunrise, with access to I-75, SR 595, and the Sawgrass Expressway. One unit has a standby generator hookup. Recent work includes interior painting and AC service, while the building has a newer roof, paid assessments, and exterior painting already covered. Units may be acquired separately or as a portfolio.
The property is located on Shotgun Rd in Sunrise, with access to I-75, SR 595, and the Sawgrass Expressway. One unit has a standby generator hookup. Recent work includes interior painting and AC service, while the building has a newer roof, paid assessments, and exterior painting already covered. Units may be acquired separately or as a portfolio.
Key Highlights
- Three separate folios totaling 6,990 SF
- Five assigned parking spaces per folio
- Fully air‑conditioned units with high ceilings and high‑bay doors
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
$185,270
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
7.10%
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%
$3,705,400
$3.7M
Cap Rate 7%
$2,646,714
$2.6M
Cap Rate 9%
$2,058,556
$2.1M
Market Conditions
NOI Build-Up for 6,990 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
$318.7K $45.60/SF
− Vacancy
−$71.7K −$10.26/SF
EGI
$247.0K $35.34/SF
− OpEx
−$61.8K −$8.84/SF
NOI
$185.3K $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%
$3,705,400
Cap Rate 7%
$2,646,714
Cap Rate 9%
$2,058,556
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,270 @ 7.0% cap · market cap 7.10%
Second Best
Flex RnD
$2.20M
$1.92M – $2.56M
NOI $153,752 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$3.55M
$3.10M – $4.14M
NOI $248,243 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Yes
Highway access
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Air-conditioned commercial space combines loading access with office-ready interiors.
Where is this flex space located?
The property is located at 735-739 Shotgun Rd Sunrise, FL.
What is the asking price?
The asking price for this property is $2,611,000.
What are key features of this property?
This property features: Three separate folios totaling 6,990 SF; Five assigned parking spaces per folio; Fully air‑conditioned units with high ceilings and high‑bay doors
