Flex Space with Regional
For Sale
$1,132,000
815 Shotgun Rd, Sunrise, FL 33326
Flex industrial space in an I 1-zoned corridor near major Broward County transportation routes.
Property Size3,236 SF
Days on Market110
Property Features for 815 Shotgun Rd
General Information
Standard status
Active
Size
3,236 SF
Property subtype
IND
Zoning
I 1
Additional Details
Highway Access
Yes
Building Details
Building Size
3,236 SF
Year Built
2006
Listing Agency:
The Rotella Group Inc.
(954) 568-9015
Listed By:
Clinton Casey · License #FL BK3003684
(954) 568-9015
Source:
Realnex
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 12:51PM
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 The Rotella Group Inc.
Investment Insights
Based on property information with market context.
This flex space is located at 815 Shotgun Road in Sunrise, Florida, within an industrial corridor serving office and warehouse-oriented businesses. The property was built in 2006 and carries I 1 zoning.
Regional access includes proximity to I-75, I-595, and the Sawgrass Expressway. The site is also near Weston’s residential and corporate base, with the surrounding area associated with contractors, e-commerce operations, and service businesses. Its Sunrise location places the property within the broader West Broward commercial market.
Regional access includes proximity to I-75, I-595, and the Sawgrass Expressway. The site is also near Weston’s residential and corporate base, with the surrounding area associated with contractors, e-commerce operations, and service businesses. Its Sunrise location places the property within the broader West Broward commercial market.
Key Highlights
- Flex space at 815 Shotgun Road, Sunrise, FL 33326
- I 1 zoning
- Built in 2006
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
$85,770
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
7.58%
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%
$1,715,400
$1.7M
Cap Rate 7%
$1,225,286
$1.2M
Cap Rate 9%
$953,000
$953.0K
Market Conditions
NOI Build-Up for 3,236 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
$147.6K $45.60/SF
− Vacancy
−$33.2K −$10.26/SF
EGI
$114.4K $35.34/SF
− OpEx
−$28.6K −$8.84/SF
NOI
$85.8K $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%
$1,715,400
Cap Rate 7%
$1,225,286
Cap Rate 9%
$953,000
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,770 @ 7.0% cap · market cap 7.58%
Second Best
Flex RnD
$1.02M
$889.7K – $1.19M
NOI $71,179 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,923 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial space in an I 1-zoned corridor near major Broward County transportation routes.
Where is this flex space located?
The property is located at 815 Shotgun Rd Sunrise, FL.
What is the asking price?
The asking price for this property is $1,132,000.
What are key features of this property?
This property features: Flex space at 815 Shotgun Road, Sunrise, FL 33326; I 1 zoning; Built in 2006
