Office Unit with Flex
For Sale
$821,250
Sunrise, FL 33326, Sunrise, FL 33326
Commercial Sale, Sunrise, FL
Property Size2,250 SF
Lot Size0.05 Acres
Price / SF$365
Days on Market128
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-1
Parking
7
Security features
Security
Subdivision
3880
Standard status
Active
APN
504009160090
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
NEW RIVER ESTATES SECTION TEN 130-34 B PORTION PARCEL N DESC AS COMM AT MOST NLY COR PAR N,SE 143.27 ALG N/L,SW 111.32,SE 215 TO POB,SE 25,S
Tax Annual Amount
11871
Legal Description
NEW RIVER ESTATES SECTION TEN 130-34 B PORTION PARCEL N DESC AS COMM AT MOST NLY COR PAR N,SE 143.27 ALG N/L,SW 111.32,SE 215 TO POB,SE 25,S
Amenities
security
Building Details
Year built
2005
Listing Agency:
United Realty Group Inc.
(954) 450-2000
Listed By:
Fernan Restrepo Jr. · License #3446262
(954) 348-5195
Added: May 11
Changed: Sep 2
Last Checked: Sep 15 at 5:06AM
MLS# A11990842
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,250 SF office unit is configured with approximately 90% office area and 10% flex storage. The interior includes executive offices, an open bullpen, conference space, and wood-look flooring. The rear storage section has a ground-level roll-up door and 21' potential clear height above the existing drop ceiling. Additional features include 3-phase power, impact windows, seven allotted parking spaces, and bay-frontage staging.
Located in Sunrise near the Weston border, the property offers immediate access to I-75, I-595, and the Sawgrass Expressway. The building was constructed in 2005, with a new roof completed in 2024 and exterior painting completed in 2025. Overnight security is provided seven days a week, and the property is zoned Light Industrial.
Located in Sunrise near the Weston border, the property offers immediate access to I-75, I-595, and the Sawgrass Expressway. The building was constructed in 2005, with a new roof completed in 2024 and exterior painting completed in 2025. Overnight security is provided seven days a week, and the property is zoned Light Industrial.
Key Highlights
- 2,250 SF office unit with an approximately 90% office and 10% flex storage layout
- Rear storage area includes a ground‑level roll‑up door and 21' potential clear height
- Interior features executive offices, collaborative bullpen, conference room, and wood‑look floors
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
$59,636
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
7.26%
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%
$1,192,720
$1.2M
Cap Rate 7%
$851,943
$851.9K
Cap Rate 9%
$662,622
$662.6K
Market Conditions
NOI Build-Up for 2,250 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
$102.6K $45.60/SF
− Vacancy
−$23.1K −$10.26/SF
EGI
$79.5K $35.34/SF
− OpEx
−$19.9K −$8.84/SF
NOI
$59.6K $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%
$1,192,720
Cap Rate 7%
$851,943
Cap Rate 9%
$662,622
Alternative Uses
Best Use
Office B
$851.9K
$745.5K – $993.9K
NOI $59,636 @ 7.0% cap · market cap 7.26%
Second Best
Flex RnD
$707.0K
$618.6K – $824.9K
NOI $49,491 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.14M
$998.8K – $1.33M
NOI $79,906 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
1
Office units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office-focused commercial unit with dedicated storage, roll-up access, upgraded building systems, and assigned parking.
Where is this office units located?
The property is located at Sunrise, FL.
What is the asking price?
The asking price for this property is $821,250.
What are key features of this property?
This property features: 2,250 SF office unit with an approximately 90% office and 10% flex storage layout; Rear storage area includes a ground‑level roll‑up door and 21' potential clear height; Interior features executive offices, collaborative bullpen, conference room, and wood‑look floors
