Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2698 University Dr Sunrise, FL 33322

    For Sale
    Contact for pricing

    High-traffic retail building, excellent location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional free-standing retail building, located at 2698 N University Drive in Sunrise, Florida, presents a compelling investment opportunity. The property boasts 4,131 square feet of retail space and enjoys a prime location surrounded by major national retailers such as Home Depot, Lowe's, and Pet Supermarket, ensuring high visibility and foot traffic. University Drive, where the building is prominently situated, sees a remarkable 55,500 vehicles daily, providing unparalleled exposure to potential customers. The strong demographics of the area are further underscored by a population exceeding 200,000 residents within a 3-mile radius, guaranteeing a substantial customer base. Recent improvements to the property include a brand new roof, fresh exterior paint, and updated landscaping, ensuring the building is in excellent condition and ready for immediate occupancy. The property is offered at a price of $30 million, with a base rent of $32.00 per square foot and additional net operating expenses (NNN) of $10.19 per square foot. This presents a rare chance to acquire a well-maintained, high-traffic retail property in a thriving commercial area with significant growth potential. The combination of strong location, recent renovations, and favorable lease terms makes this an attractive investment for discerning buyers seeking a stable and profitable retail asset. The property is situated on a 0-acre lot.

    Property Features for 2698 University Dr

    General Information

    Property type
    Retail properties
    Insight Report Location Intelligence

    Current Use by Public Records

    Big Wheel Cycles Bicycle Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.25678
    Latitude
    26.1583

    Nearby Similar for Sale

    • $3,800,000
      1.00 Acre

      Sunrise Industrial Building For Sale

      11,000 sq ft industrial building in Sunrise, Florida.
      4505 NW 103 Ave, Sunrise, FL 33351
      View Details
    • $99,000
      Pending

      Sunrise, FL Restaurant Opportunity

      Fully built-out, operational restaurant with excellent lease terms for sale.
      Sunrise Restaurant For Sale On Commercial Blvd, Sunrise, FL 33351
      View Details
    • $790,000
      3,935 SF

      Renovated Fourplex in Sunrise, Florida

      Fully renovated fourplex in high-demand rental area near amenities.
      1880 NW 59 Way, Sunrise, FL 33313
      View Details
    • $1,800,000
      0.12 Acres

      Sunrise Office/Warehouse with Loading Docks

      Office/warehouse in excellent condition with loading docks and upgrades.
      959 Shotgun Rd, Sunrise, FL 33326
      View Details
    • $75,000

      Retail Business Opportunity in Sunrise

      Jewelry store business for sale with essential inventory included.
      Sunrise, FL 33351
      View Details
    • $119,000

      Turnkey Restaurant Opportunity Near Sawgrass

      Remodeled 110-seat restaurant with beer & wine license in Sunrise, FL.
      Sunrise, FL 33323
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail building, excellent location.
    Where is this retail property located?
    The property is located at 2698 University Dr Sunrise, FL.
    What is the asking price?
    The asking price for this property is $30.
    (954) 900-9811
    Request Owner's contact information
    2698 University Dr Sunrise, FL 33322
    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.
    2698 University Dr
    Sunrise, FL 33322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    2698 University Dr Sunrise, FL 33322
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.