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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1084 Sunset Strip Sunrise, FL 33313

    • Office buildings
    • 683 SF
    • 0.02 lot acres
    For Lease
    View listing
    $1.71 SF/Yr
    Last Sale
    Sep 19, 2024
    $5,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0182375
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1084 Sunset Strip

    Year built
    1980
    Construction
    CONCRETE
    Lot size
    0.02 lot acres
    Property size
    683 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    49-41-35-KM-0140
    APU
    494135KM0140

    Description

    This exceptional 760 square foot retail/office space, located at 1084 Sunset Strip #14, is now available for lease. Boasting a completely turnkey setup, this single-tenant property is ideal for a variety of businesses. Recent renovations include brand new bathrooms, a water heater, updated lighting, fresh flooring, a new air conditioning unit, impact-resistant storefront and windows, new doors, and a new roof. The space is zoned B-3, offering flexibility for various commercial uses. The property features a total area of 760 square feet and is offered at a monthly rate of $2,275.00, plus applicable sales tax. The property's Asset Property Number (APN) is 494135KM0140. This move-in ready space presents a fantastic opportunity for businesses seeking a well-maintained and updated location on the vibrant Sunset Strip. The absence of multiple suites ensures a private and efficient workspace. All systems are new and ready for immediate occupancy. This is a rare opportunity to secure a high-quality retail space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.231
    Latitude
    26.1378
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,823
    $11,320
    $101,870
    $113,190
    -
    $11,320
    $101,870
    $113,190

    Comparable in this City

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      $530,000
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    • Value Estimation
      $5,300,000
      683 SF

      1108 Sunset Strip, Unit 18

      OFFICE BUILDING (MULTI-STORY) • 683 SF
      1108 Sunset Strip, Sunrise, FL 33313-6108
      View Details
    • Value Estimation
      $770,000
      1,440 SF

      1079 Sunset Strip1-1

      OFFICE BUILDING (MULTI-STORY) • 1,440 SF
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      View Details
    • Value Estimation
      $135,000
      757 SF

      2331 State Rd 7th Ste, Unit 203

      OFFICE BUILDING (MULTI-STORY) • 757 SF
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      View Details
    • Value Estimation
      $115,000
      757 SF

      2331 State Rd 7th Ste, Unit 219

      OFFICE BUILDING (MULTI-STORY) • 757 SF
      2331 State Rd 7th Ste, Lauderdale Lakes, FL 33313-3772
      View Details

    Similar Nearby for Sale

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      Stand alone building with office, warehouse, and fenced storage.
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    • Contact for pricing

      Retail/Office Space For Sale

      598 SF retail/office space in a rehabbed property.
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    Similar Nearby for Lease

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      Prime Sunrise office, 727 sq ft, great location.
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      Retail or office space available in a busy Lauderhill area.
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    • $1,150 /Mo

      Lauderhill Office Space For Rent

      Professional office space in contemporary building with high visibility.
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    • $27 SF/Yr
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      Office Space on State Road

      800 SF office space in excellent condition for lease.
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      View Details
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    1084 Sunset Strip
    Sunrise, FL 33313
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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.

    More about this property
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