Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Tamarac, Florida Title is generated by Realmo AI

    7050-7116 N University Dr, Tamarac, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a busy Tamarac shopping center.

    Type:RETAIL
    Property size:
    1,600 SF
    Lot size:
    8.05 Acres
    Added:
    May 18, 2023
    Days on Market:
    1097
    Last Refresh:
    Apr 5 at 10:05 pm

    Property Features for 7050-7116 N University Dr

    General Information

    Standard status
    Active
    Size
    1,600 SF
    Lot size
    8.05 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 7050-7116 N University Dr Contact us

    We can help!

    Listing Contact
    Daniel Solomon, CCIM

    Listing agent Daniel Solomon, CCIM

    Listing office Katz & Associates | Boca Raton

    Listing date May 18, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Katz & Associates | Boca Raton

    HighLights

    • Anchored by Aldi's and DD's Discounts
    • Over 73,000 vehicles per day at the intersection
    • Prime location on N University Drive
    • Heavy daytime population
    • Ample parking
    • Signalized intersection

    Overview

    This retail space is located in a shopping center anchored by Aldi's and DD's Discounts. The property benefits from a location on N University Drive with ample parking available. The intersection sees over 73,000 vehicles per day, contributing to a heavy daytime population. The location features a signalized intersection and dense demographics.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Centrally located near Sawgrass Mills Mall. — 3712 N Pine Island Rd, Sunrise, FL 33351
    • Waterside Shoppes — 8424 W Oakland Park Blvd, Sunrise, FL 33351
    • Oak Nob Corner — Oak Nob Corner, 9970 W Oakland Park Blvd, Sunrise, FL 33351
    • Pine Oak Plaza — Sunrise, FL 33351
    • The Forum — Sunrise, FL 33351

    Map

    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.2711588
    Latitude
    26.17785

    Nearby Similar for Lease

    • $1,750/Mo
      475 SF

      Medical Office Sublease Opportunity

      Sublease opportunity in a high-traffic, anchored shopping center.
      8129 NW 88th Ave, Tamarac, FL 33321
      View Details
    • $2,900/Mo

      Tamarac Office Space For Lease

      Unique 1400 SF office space with modern fixtures.
      5800 N University Drive, Tamarac, FL 33321
      View Details
    • $30 SF/Yr

      Tamarac Medical Office Space

      Starter office in medical building with exam rooms and restroom.
      7171 N University Drive, Tamarac, FL 33321
      View Details
    • $27 SF/Yr
      14,100 SF

      Tamarac Class B Office Building

      Class B office building with flexible suite configurations for lease.
      7880 North University Drive, Tamarac, FL 33321
      View Details
    • $27 SF/Yr
      1,190 SF

      Two-Story Office Building For Rent

      Class B office building with flexible suite configurations available for rent.
      7880 N University Dr, Tamarac, FL
      View Details
    • Contact for pricing
      5,383 SF

      Freestanding Flex Space Available

      5,383 SF flex property on 1 acre for rent.
      6115 Northwest 77th Way, Tamarac, FL, 33321
      View Details
    • $18 SF/Yr
      4,800 SF

      Industrial Buildings with Highway Access

      Industrial buildings with convenient access to major expressways and highways.
      10300 - 10458 West McNab Road, Tamarac, FL, 33321
      View Details
    • $23 SF/Yr
      7,153 SF

      Retail Warehouse with Automotive Focus

      19,775 SF retail warehouse space for lease.
      6480 W Commercial Blvd, Tamarac, FL
      View Details
    • $25 SF/Yr
      1,000 SF

      Retail Space in Tamarac Plaza

      Retail space available in busy Tamarac shopping center.
      7047-7251 NW 88th Ave, Tamarac, FL
      View Details
    • Contact for pricing
      1,275 SF

      Tamarac Commercial Building for Lease

      Multi-use building with retail, medical, and professional office suites.
      7108-7150 W Mcnab Rd, Tamarac, FL
      View Details
    • $17 SF/Yr
      12,019 SF

      Industrial Space in Westpoint Centre

      Class-A industrial space in a prestigious business park environment.
      6001 Hiatus Rd, Tamarac, FL
      View Details
    • Contact for pricing
      19,145 SF

      Retail Space in Tamarac, Florida

      Retail property with high visibility and strong local tenants.
      6702-6850 N University Drive, Tamarac, FL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a busy Tamarac shopping center.
    Where is this shopping center located?
    The property is located at 7050-7116 N University Dr Tamarac, FL.
    What are key features of this property?
    This property features: Anchored by Aldi's and DD's Discounts; Over 73,000 vehicles per day at the intersection; Prime location on N University Drive
    (561) 361-7232 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daniel Solomon, CCIM
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    7050-7116 N University Dr, Tamarac, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!