Flex Retail/Warehouse
2050 N University Drive Sunrise, FL
2050 N University Drive, Sunrise, FL
$2,975,000
For Sale
Under Contract
$2,975,000
SINGLE_FAMILY - Sunrise, FL
Property Size7,981 SF
Lot Size0.49 Acres
Price / SF$372.76
Days on Market120
Property Features for 2050 N University Drive
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- B-3
- Parking
- 24
- Standard status
- Active Under Contract
- APN
- 494128041180
- Size
- 7,981 SF
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SUNRISE GOLF VILLAGE SEC 19 PART ONE 72-12 B TR C LESS THE N 839.88
- Tax Annual Amount
- 31960
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- CBS
- Roof type
- Flat
Listing Agency
Box Real Estate LLC
(954) 526-3900
1500 N University Dr. Suite 243, Coral Springs, FL
Listed by
Jason Chamely · License #3180591
(954) 857-1884
Added: Mar 23 Checked: Jul 20 at 8:06 am
MLS# B26005943
Copyright © 2026 BeachesMLS. 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.
First time to market in 50+ years, this flex retail/warehouse building offers an open showroom layout with four bathrooms. The space includes upgraded 3-phase electric service and one overhead rolling door.
The property has approximately 116 feet of frontage on University Drive. A 120-foot wall on the south side provides an unobstructed view toward northbound traffic, offering visibility for signage and branding.
Zoned B-3 with many allowed uses, the building sits on approximately 0.488 acres. Roof replacement was completed in 2020, and the parking lot was sealed and striped in 2026.
The property has approximately 116 feet of frontage on University Drive. A 120-foot wall on the south side provides an unobstructed view toward northbound traffic, offering visibility for signage and branding.
Zoned B-3 with many allowed uses, the building sits on approximately 0.488 acres. Roof replacement was completed in 2020, and the parking lot was sealed and striped in 2026.
Key Highlights
- 8,000 sqft of flex retail/warehouse space with 116' frontage on University Drive.
- High‑visibility location: First building entering Sunrise with unobstructed view for Northbound traffic, ideal for signage and branding.
- Liberal B‑3 zoning allows for many uses.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $287.3k | $36.00 |
| − Vacancy | −$17.2k | −$2.16 |
| EGI | $270.1k | $33.84 |
| − OpEx | −$94.5k | −$11.84 |
| NOI | $175.6k | $22.00 |
7,981 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.51M
$2.19M – $2.93M
NOI $175,550 @ 7.0% cap · market cap 5.90%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $134,952 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,437 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Beauty Salon — 3533 N Pine Island Rd, Sunrise, FL 33351
- tandoorevents — 8440 W Oakland Park Blvd, Sunrise, FL 33351
- Ruth Kitchen — 7755 Grande St, Sunrise, FL 33351
- Vision of the kingdom catering services — 8360 w oakland park blvd #306, sunrise, fl 33351
FAQs
What type of property is this?
Flex space - Flex retail and warehouse building with showroom, four bathrooms, and one overhead rolling door.
Where is this flex space located?
The property is located at 2050 N University Drive Sunrise, FL.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: 8,000 sqft of flex retail/warehouse space with 116' frontage on University Drive.; High‑visibility location: First building entering Sunrise with unobstructed view for Northbound traffic, ideal for signage and branding.; Liberal B‑3 zoning allows for many uses.
