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    9620 Stirling Rd Cooper City, FL 33024
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    9620 Stirling Rd Cooper City, FL 33024

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    • Mixed-use properties
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    Property Details for 9620 Stirling Rd

    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, located at 9620 Stirling Rd #109 in Cooper City, Florida (33024), presents a compelling investment opportunity. Priced at $500,000, this unit is situated within the vibrant Cooper Square shopping plaza, offering excellent visibility and ample parking. The property boasts a current tenant lease, expiring August 2025, generating a monthly rental income of $2,778.30 plus 7% sales tax. The property's HOA fee is $396.19 per month, with a one-time special assessment of $961.00 due in October. This is an ideal opportunity for investors seeking a stable income stream with significant upside potential in a thriving commercial area. The property's mixed-use zoning allows for a variety of business ventures, making it a versatile and attractive investment. The location in Broward County, Florida, provides easy access to major transportation routes and a large consumer base. This turnkey investment is ready for immediate income generation and future growth. The current tenant's lease provides a strong foundation for continued profitability, while the prime location and ample parking ensure high visibility and accessibility for any business. Don't miss this chance to acquire a valuable asset in a rapidly developing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cooper City
    County
    Broward
    State
    Florida
    Longitude
    -80.2738
    Latitude
    26.0436

    Comparable in this City

    • Value Estimation by Request

      9610 Stirling Rd

      Mixed-use properties
      9610 Stirling Rd, Hollywood, FL 33024
      View Details
    • Value Estimation by Request

      9610 Stirling Rd

      Mixed-use properties
      9610 Stirling Rd, Hollywood, FL 33024
      View Details
    • Value Estimation by Request

      9610 Stirling Rd

      Mixed-use properties
      9610 Stirling Rd, Hollywood, FL 33024
      View Details
    • Value Estimation
      $1,940,000
      10,197 SF

      6750 Pnes Blvd, Unit 6780

      STORE/OFFICE (MIXED USE) • 10,197 SF
      6750 Pnes Blvd, Pembroke Pines, FL 33024-7505
      View Details
    • Value Estimation
      $3,175,000
      11,979 SF

      7701 Davie Rd Ext, Unit 7713

      STORES & APARTMENTS • 11,979 SF
      7701 Davie Rd Ext, Hollywood, FL 33024-2515
      View Details
    • Value Estimation
      $2,110,000
      8,672 SF

      6501 Taft St, Unit 6515

      STORE/OFFICE (MIXED USE) • 8,672 SF
      6501 Taft St, Hollywood, FL 33024-4008
      View Details

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    Cooper City, FL 33024
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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