10184 47 StSunrise, FL 33351

Property Details for 10184 47 St

Year built

1987

Construction

CONCRETE

Lot size

0.01 AC

Property size (Sq ft)

431 SF

Zone code

B-2

Property type

Distribution centers

APN

49-41-18-AB-0240

APU

494118AB0240

Description

This exceptional investment opportunity presents a 1-story, 1987-built restaurant located at 10184 NW 47th St # 10184, Sunrise, FL 33351, in Broward County. Priced at $200,000, this corner unit offers immediate income generation with a current tenant operating a non-seating restaurant under a lease with five years remaining. The property is categorized as retail, specifically a restaurant, and is part of a building with an active homeowner's association. The association fee covers water and building insurance, minimizing operational expenses for the investor. The property's prime location in the heart of Sunrise ensures high visibility and accessibility, contributing to the tenant's success and the property's strong rental potential. This turnkey investment provides a stable income stream with a long-term lease in place, making it an attractive option for those seeking a low-risk, high-return real estate investment. The property's single-story design and established tenant base further enhance its appeal. This is a chance to acquire a profitable, established business with a secure lease, offering a compelling return on investment. The property's convenient location and low maintenance requirements make it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $282,996

  6.5%

  $261,227

  7%

  $242,568

• Comparable approach

  Method

  Valuation

  Relative Method

  $203,722

  Geo Method

  $203,722

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $134,482

  Mixed-Use / Specialty

  $134,418

  Hospitality / Lodging

  $99,158.60

  Office

  $134,052

  Institutional / Educational

  $139,889

  Residential Income

  $163,670

  Multifamily

  $193,996

  Automotive / Energy

  $119,905

  Parking / Income-Based Land

  $40,967.60

  Restaurant / Food Service

  $70,797.60

  Healthcare / Senior Housing

  $137,418

Location Insight

City

Sunrise

County

Broward

State

Florida

Latitude

26.1831

Longitude

-80.2855

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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