Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4402-4660 N University Dr Lauderhill, FL

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

    Retail and restaurant spaces available in high-traffic Lauderhill plaza.

    Type:RETAIL
    Property size:
    1,920 SF
    Lot size:
    10.55 Acres
    Added:
    Jan 30, 2024
    Days on Market:
    821
    Last Refresh:
    Apr 5 at 10:13 pm

    Property Features for 4402-4660 N University Dr

    General Information

    Standard status
    Active
    Size
    1,920 SF
    Lot size
    10.55 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4402-4660 N University Dr Contact us

    We can help!

    Listing Contact
    Steven Rafailovitch
    Steven Rafailovitch

    Listing agent Steven Rafailovitch

    Listing office Current Capital Realty

    Listing date Jan 30, 2024

    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 Current Capital Realty

    Overview

    Lauderhill Retail and Restaurant Spaces

    Retail and restaurant spaces are available within Promenade Plaza, situated in the high-density retail corridor on North University Drive in Lauderhill. The location benefits from exceptionally high traffic counts, with over 60,000 cars traveling through the area daily. The plaza is positioned in Broward County and is surrounded by a dense residential area with significant retail stock. Neighboring tenants include the Crafty Crab Seafood Restaurant, VCA Animal Hospital, Tate's Comics, beauty salons, a bakery, insurance agencies, professional and medical offices, and Care Givers of America, among others. The property offers spaces suitable for various retail and restaurant businesses.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.251
    Latitude
    26.1804

    Nearby Similar for Lease

    • $1,800/Mo

      Renovated Office Space Available

      Move-in ready office with new A/C, lighting, and flooring.
      2331 N State Road 7, Lauderhill, FL 33313
      View Details
    • $15 SF/Yr

      Lauderhill Office Building For Rent

      27,249 SF office building constructed in 2017 on SR-7.
      2349 N State Road 7, Lauderhill, FL 33313
      View Details
    • $1,750/Mo

      Mixed-Use Space in Lauderhill, FL

      Versatile commercial space suitable for retail, office, or professional services.
      1180 NW 41st, Lauderhill, FL 33313
      View Details
    • $24 SF/Yr

      Versatile Flex Space in Lauderhill

      Professionally maintained commercial property with flexible spaces for diverse uses.
      3500 NW 15th St, Lauderhill, FL 33311
      View Details
    • $3,500/Mo

      Lauderhill Office Space For Lease

      Second-floor office unit in Sunrise Professional Center, Lauderhill, FL.
      2331 N State Road 7, Lauderhill, FL 33313
      View Details
    • $1,100/Mo

      Professional Office Suite For Rent

      Professional office suite with reception, conference room, and private offices.
      4925 N University Dr 22-A, Lauderhill, FL 33351
      View Details
    • $995/Mo

      Professional Office Space Available

      Office space in Lauderhill with high visibility and ample parking.
      1773 N State Road 7, Lauderhill, FL 33313
      View Details
    • $1,150/Mo

      Professional Office Space in Lauderhill

      Office space in a secured building with high visibility.
      1773 N State Road 7, Lauderhill, FL 33313
      View Details
    • $40 SF/Yr

      Lauderhill Commercial Space For Rent

      New retail development with drive-through and ample parking.
      7240 W Commercial Boulevard, Lauderhill, FL 33319
      View Details
    • $1,250/Mo

      Church Space Available For Rent

      Shared church space with flexible scheduling and included amenities.
      8753 NW Nw 50th St #7, Lauderhill, FL 33351
      View Details
    • $24 SF/Yr

      Prime Corner Retail Space Available

      Corner retail space with high visibility and ample parking.
      5101 N University Dr 5101-5105, Lauderhill, FL 33351
      View Details
    • Contact for pricing

      Warehouse Storage Space For Rent

      750 SF warehouse with tall ceilings and grade-level doors.
      1814 Nw 38th Ave, LAUDERHILL, FL, 33311-4119
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail and restaurant spaces available in high-traffic Lauderhill plaza.
    Where is this strip mall located?
    The property is located at 4402-4660 N University Dr Lauderhill, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Exceptionally high traffic counts: Over 60,000 vehicles daily.; Located in a thriving high‑density retail corridor.; Surrounded by a dense residential area.
    (561) 316-8444 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steven Rafailovitch
    Steven Rafailovitch
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!