Cooper Square Retail/Office
For Sale
$500,000
9620 Stirling Rd 109, Cooper City, FL 33024
780 SF retail/office space in Cooper Square Plaza.
Property Size780 SF
Lot Size0.02 Acres
Days on Market275
Property Features for 9620 Stirling Rd 109
General Information
Standard status
Active
Size
780 SF
Lot size
0.02 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,327
Building Details
Building Size
780 SF
Year Built
2020
Listing Agency:
(786) 794-2564
Listed By:
Javier Medina Perez
(786) 794-2564
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 25
Last Checked: Aug 29 at 10:58AM
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 Javier Medina Perez
Investment Insights
Based on property information with market context.
Located in Cooper Square Plaza, this 780 square foot unit at 9620 Stirling Rd Unit 109 offers commercial retail or office space. The property is situated in a high-traffic area centrally located near Cooper City, Davie, and Hollywood. It is suitable for professional services, medical, beauty, or retail use. The space includes a private restroom, a clean layout, and ample parking for customers and staff. The location is surrounded by established businesses and national retailers. The property is zoned for multiple commercial uses, making it suitable for an owner-user or investor.
Key Highlights
- Prime location in thriving Cooper Square Plaza with high traffic and exceptional exposure.
- Centrally located near Cooper City, Davie, and Hollywood.
- Suitable for various commercial uses: professional services, medical, beauty, or retail.
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
$20,674
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
4.13%
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%
$413,480
$413.5K
Cap Rate 7%
$295,343
$295.3K
Cap Rate 9%
$229,711
$229.7K
Market Conditions
NOI Build-Up for 780 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
$35.6K $45.60/SF
− Vacancy
−$8.0K −$10.26/SF
EGI
$27.6K $35.34/SF
− OpEx
−$6.9K −$8.84/SF
NOI
$20.7K $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%
$413,480
Cap Rate 7%
$295,343
Cap Rate 9%
$229,711
Alternative Uses
Best Use
Office B
$295.3K
$258.4K – $344.6K
NOI $20,674 @ 7.0% cap · market cap 4.13%
Second Best
Retail
$188.4K
$164.9K – $219.8K
NOI $13,189 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$395.7K
$346.3K – $461.7K
NOI $27,701 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 33024, FL
74,843
Population
26,552
Households
2.8
Avg Household Size
39
Median Age
28%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,452
Density / Sq Mi
$76,501
Median Household Income
$38,144
Median Earnings
$1,724
Median Rent
$365,200
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?
Retail space - 780 SF retail/office space in Cooper Square Plaza.
Where is this retail space located?
The property is located at 9620 Stirling Rd 109 Cooper City, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime location in thriving Cooper Square Plaza with high traffic and exceptional exposure.; Centrally located near Cooper City, Davie, and Hollywood.; Suitable for various commercial uses: professional services, medical, beauty, or retail.
