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    Sunrise Flex Retail/Warehouse Space Title is generated by Realmo AI

    2050 N University Drive, Sunrise, FL

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    Claim this Listing
    For Sale
    Under Contract
    $2,975,000

    SINGLE_FAMILY - Sunrise, FL

    Type:Retail
    Property size:
    7,981 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $372/SF
    Added:
    Mar 23, 2026
    Days on Market:
    71
    Last Refresh:
    Jun 1 at 4:06 pm

    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

    We can help!

    Listing Contact
    Jason Chamely
    Jason Chamely

    Listing agent Jason Chamely License #3180591

    Listing office Box Real Estate LLC 1500 N University Dr. Suite 243, Coral Springs, FL

    Listing date Mar 23, 2026

    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.

    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.
    • Upgraded 3‑phase electric.
    • Roof replaced in 2020.
    • Parking lot sealed and striped in 2026.

    Overview

    Available for purchase is a flex retail and warehouse space, approximately 8,000 square feet, with 116 feet of frontage on University Drive. The property features an open showroom, four bathrooms, upgraded 3-phase electric, and one overhead rolling door. The south side of the building has a 120-foot wall that provides an unobstructed view for northbound traffic, presenting an opportunity for signage and branding. The property is located on 0.488 acres and is zoned B-3, allowing for a variety of uses. The roof was replaced in 2020, and the parking lot was sealed and striped in 2026. This property is the first building as you enter the city of Sunrise.

    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 (±1% cap)
    NOI $175,550 @ 7.0% cap · market cap 5.90%
    Second Best
    Retail
    $1.93M
    $1.69M – $2.25M (±1% cap)
    NOI $134,952 @ 7.0% cap · market cap 4.54%
    Theoretical Best
    Office A
    $4.05M
    $3.54M – $4.72M (±1% cap)
    NOI $283,437 @ 7.0% cap · market cap 9.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places 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

    Map

    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.256656
    Latitude
    26.150229

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    FAQs

    What type of property is this?
    Flex space - Flex retail/warehouse space with frontage on University Drive.
    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.
    (954) 857-1884
    We can help!
    Listing Contact
    Jason Chamely
    Jason Chamely
    Real Estate License ID: 3180591
    Request Owner's contact information
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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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