Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1500 N University Dr Coral Springs, FL 33071

    Sponsored
    For Sale
    $1,000,000

    Commercial/Industrial,Commercial - Coral Springs, FL

    Lot size:
    2.10 Acres
    Days on Market:
    331
    Last Refresh:
    Feb 2 at 11:06 pm

    Property Features for 1500 N University Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2
    APN
    484128AB0010
    Lot size
    2.10 Acres

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Chamely
    Jason Chamely

    Box Real Estate LLC (954) 526-3900

    Listing agent Jason Chamely (954) 526-3900 License #3180591

    Listing date Mar 9, 2025

    MLS# F10491288 Listing URL

    Copyright © 2026 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Medical Office in Coral Springs

    This 1,950 sqft ground floor medical office is located in Coral Springs, FL. The unit underwent a full gut renovation in 2023. The layout includes 6 exam rooms, a lab area, 2 physician offices, and a large reception/waiting area. It is situated within the Sea Grape Office Condominium, a mixed-use office condo building. The building consists of fourteen units and features an open-air courtyard with landscaping and a fountain. The building has a new roof and has completed the BSIP recertification. The property is zoned B2 and is located off of University Drive, offering walking distance to restaurants and easy access to the Sawgrass Expressway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Animal Eye Guys (Coral Springs), Tams Todd DVM

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2540882
    Latitude
    26.2497245

    Nearby Similar for Sale

    • $2,290,000
      0.36 Acres

      Coral Springs Multifamily Investment Opportunity

      Seven-unit apartment building in Coral Springs with water views.
      11430 NW 45Th St, Coral Springs, FL 33065
      View Details
    • $2,290,000
      9,000 SF

      Coral Springs Seven-Unit Apartment Building

      Seven-unit apartment building in Coral Springs with water views.
      11430 NW 45Th St, Coral Springs, FL 33065
      View Details
    • $1,600,000
      4,138 SF

      Remodeled Fourplex in Coral Springs

      Completely remodeled fourplex with new kitchens and impact windows.
      11410 NW 39Th St, Coral Springs, FL 33065
      View Details
    • Contact for pricing
      3.00 Acres

      Coral Springs Office/Warehouse Space

      Office/warehouse space in Coral Springs Corporate Park. Flexible terms.
      3651 NW 120Th Ave, Coral Springs, FL 33065
      View Details
    • $1,295,000
      2.82 Acres

      Coral Springs Industrial Office/Warehouse

      Modern industrial office/warehouse in a desirable, high-traffic Coral Springs location.
      3650 Coral Ridge Dr, Coral Springs, FL 33065
      View Details
    • $644,000
      2.02 Acres

      Coral Springs Medical/Office Condo

      Move-in ready medical/office condo with elevator access and ample parking.
      2929 N University Dr, Coral Springs, FL 33065
      View Details
    • $789,000
      2,064 SF

      Coral Springs Duplex with Income

      Income-producing duplex in Coral Springs with owner financing available.
      3660 NW 80Th Ave, Coral Springs, FL 33065
      View Details
    • $795,000
      2,059 SF

      Coral Springs Turnkey Duplex Investment

      Renovated duplex in Coral Springs with strong rental demand.
      4017 Woodside Dr, Coral Springs, FL 33065
      View Details
    • $1,269,500
      3,852 SF

      Coral Springs Quadplex Investment Opportunity

      Renovated 5-unit apartment building in Coral Springs, generating substantial income.
      4115 Riverside Dr, Coral Springs, FL 33065
      View Details
    • $579,000
      9.29 Acres

      Completely Redone Executive Office Suite

      Turnkey Coral Springs office suite with modern amenities and flexible layout.
      7301 Wiles Rd, Coral Springs, FL 33067
      View Details
    • $4,300,000

      Gas Station in Coral Springs

      High-visibility gas station on a signalized corner in Coral Springs.
      Coral Springs, FL 33067
      View Details
    • $4,300,000
      0.90 Acres

      Gas Station on High-Visibility Corner

      Free-standing gas station in Coral Springs with value-add potential.
      Coral Springs, FL 33067
      View Details

    FAQs

    What type of property is this?
    Medical office - Ground floor medical office with recent full renovation and modern amenities.
    Where is this medical office located?
    The property is located at 1500 N University Dr Coral Springs, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023; - Ground floor location; - Equipped as a medical office: **6 exam rooms, lab area, 2 physician offices, large reception/waiting area**
    (954) 526-3900
    Request Owner's contact information
    1500 N University Dr Coral Springs, FL 33071
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1500 N University Dr
    Coral Springs, FL 33071
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1500 N University Dr Coral Springs, FL 33071
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jason Chamely
    Jason Chamely
    Real Estate License ID: 3180591
    (954) 526-3900
    Learn more
    Google sign-in failed. Please try again or use another login method.