Office/Warehouse Flex
For Sale
$895,000
Pending
783 Shotgun Rd, Sunrise, FL 33326
Flex space combining office areas with a large warehouse featuring roll-up doors and multiple loading docks.
Property Size4,550 SF
Days on Market2575
Property Features for 783 Shotgun Rd
General Information
Standard status
Pending
Size
4,550 SF
Total Parking Spaces
3
Property subtype
General Commercial
Additional Details
Dock-High Doors
2
Amenities
reception
waiting area
presidential office
executive offices
conference room
workspaces
kitchenette
bathrooms
illumination system
ventilation system
installed racks
3
3 Parking Spaces.
Building Details
Year Built
2004
Listing Agency:
Altus Realty LLC
(754) 422-9425
Listed By:
Claudia Defelice
(754) 422-9425
Source:
Xome
Added: Jul 15, 2019
Changed: Jul 30
Last Checked: Jul 30 at 8:13AM
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 Altus Realty LLC
Investment Insights
Based on property information with market context.
This flex space offers an office/warehouse combination with an office layout separated from the warehouse by glass walls. The office includes reception, a waiting area, a main large presidential office, two executive offices, a large conference room, designed workspaces for many desks, a kitchenette, and two bathrooms.
The warehouse area is configured for loading and storage, with two roll-up doors and two loading high docks, plus a separated walking door. The space also includes installed racks for storage and a ventilation and illumination system. Interior guest facilities are listed as three.
For access and day-to-day use, the property provides three assigned parking spaces in front and additional extra parking. The space is available furnished and unfurnished. The building was constructed in 2004.
The warehouse area is configured for loading and storage, with two roll-up doors and two loading high docks, plus a separated walking door. The space also includes installed racks for storage and a ventilation and illumination system. Interior guest facilities are listed as three.
For access and day-to-day use, the property provides three assigned parking spaces in front and additional extra parking. The space is available furnished and unfurnished. The building was constructed in 2004.
Key Highlights
- Office/warehouse layout with glass wall separation
- Warehouse includes two roll‑up doors
- Two loading high docks plus a separated walking door
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.3k | $16.32 |
| − Vacancy | −$4.1k | −$0.90 |
| EGI | $70.2k | $15.42 |
| − OpEx | −$10.5k | −$2.31 |
| NOI | $59.6k | $13.11 |
4,550 SF · lease $16.32/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,598 @ 7.0% cap · market cap 13.47%
Second Best
Flex RnD
$1.43M
$1.25M – $1.67M
NOI $100,082 @ 7.0% cap · market cap 11.18%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,588 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
544
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
Properties on Market for Flex space in Broward County
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 - Flex space combining office areas with a large warehouse featuring roll-up doors and multiple loading docks.
Where is this flex space located?
The property is located at 783 Shotgun Rd Sunrise, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Office/warehouse layout with glass wall separation; Warehouse includes two roll‑up doors; Two loading high docks plus a separated walking door
