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    3157 N University Dr Hollywood, FL 33024

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    For Sale
    $3,400,000

    Office building with frontage on University Drive, fully leased.

    Property size:
    12,189 SF
    Lot size:
    0.82 Acres

    Property Features for 3157 N University Dr

    General Information

    Size
    12,189 SF
    Lot size
    0.82 Acres

    Source: The Keyes Company Commercial - Corporate Agent Federico Rochwerger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    University Drive Frontage Office Building

    This office building offers direct frontage of approximately 165 feet on N University Drive. The location experiences an average of 47,000 trips per day on N University Drive, according to 2023 FDOT data. Major retailers such as Target, Walmart, and Starbucks are located nearby. Memorial Hospital Pembroke is approximately 1 mile away. The property is fully leased at a current cap rate of 6.46%. The building has a size of 12189 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mendelssohn Elana S ... Psychologist All Four Seasons ... Wedding Planner Paul Jeremy Silver ... Oral Surgeon ProHealth Primary Care Medical Center Mendelssohn Martin G ... Physician

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.2481787
    Latitude
    26.0371388

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    FAQs

    What type of property is this?
    Office building - Office building with frontage on University Drive, fully leased.
    Where is this office building located?
    The property is located at 3157 N University Dr Hollywood, FL.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: - Fully leased at current cap rate of 6.46%; - Direct frontage on N University Drive of +/- 165 ft.; - High traffic location: 47,000 trips/day on N University Drive (2023 FDOT)
    (561) 866-9616
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    3157 N University Dr Hollywood, FL 33024
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    Hollywood, FL 33024
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    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
    3157 N University Dr Hollywood, FL 33024
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