Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on University Drive Title is generated by Realmo AI

    4375-4399 N University Dr, Sunrise, FL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space for lease with high traffic exposure.

    Type:RETAIL
    Property size:
    1,209 SF
    Lot size:
    0.96 Acres
    Added:
    Jun 26, 2023
    Days on Market:
    1074
    Last Refresh:
    May 20 at 9:58 pm

    Property Features for 4375-4399 N University Dr

    General Information

    Standard status
    Active
    Size
    1,209 SF
    Lot size
    0.96 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 4375-4399 N University Dr Contact us

    We can help!

    Listing Contact
    Sam Losek

    Listing agent Sam Losek

    Listing office Current Capital Realty

    Listing date Jun 26, 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 Current Capital Realty

    HighLights

    • Directly located on the signalized intersection of N. University Drive and 44th Street
    • Average daily car count exceeding 60,000, offering significant exposure
    • Neighboring tenants include Wawa, Crafty Crab, Starbucks, Chipotle, Burlington Coat Factory, Planet Fitness, Enterprise Car Rental, and McDonalds
    • High‑traffic location
    • Established retail area
    • Strong tenant mix

    Overview

    This retail space is located in a plaza at the signalized intersection of N. University Drive and 44th Street. The plaza benefits from an average daily car count exceeding 60,000. Neighboring tenants include Wawa, Crafty Crab, Starbucks, Chipotle, Burlington Coat Factory, Planet Fitness, Enterprise Car Rental, and McDonalds. The available space offers 1209 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.1086589
    Latitude
    26.1426111

    Nearby Similar for Lease

    • $18 SF/Yr
      3,100 SF

      Renovated Office Space in Sunrise

      Recently renovated 3,100 SF office with private offices.
      440 Sawgrass Corporate Pkwy, Sunrise, FL 33325
      View Details
    • $450/Mo
      4,453 SF

      Furnished Office Space Available

      Furnished office for rent with utilities included in Sunrise.
      833 Shotgun Road, Sunrise, FL 33326
      View Details
    • $3,500/Mo

      Well-Maintained Sunrise Office Space

      Spacious office with multiple offices, baths, and ample parking.
      4503 NW 103rd Ave, Sunrise, FL 33351
      View Details
    • $4,000/Mo

      Sunrise, FL Condominium For Rent

      Well-maintained first-floor unit with offices and ample parking.
      4503 NW 103rd Ave, Sunrise, FL 33351
      View Details
    • $3,895/Mo

      Renovated Office Condominiums Near City Hall

      Premium professional/medical office condos near Sunrise City Hall for rent.
      8890 W Oakland Park Blvd, Sunrise, FL 33351
      View Details
    • $4,000/Mo

      Sunrise Office with Warehouse Space

      Office space with air-conditioned warehouse and ample parking.
      4503 NW 103rd Ave, Sunrise, FL 33351
      View Details
    • $21 SF/Yr
      4,504 SF

      Sunrise Flex Warehouse Space

      Flex warehouse space for lease in Broward Lakes Business Park.
      757 Shotgun Road, Sunrise, FL 33326
      View Details
    • Sponsored
      $129-$7,956/Mo
      11-1,292 SF

      Sawgrass Corporate Park

      1560 Sawgrass Corporate Pkwy, Unit 4TH, Sunrise, FL 33323
      View Details
    • $6,700/Mo

      Flex Space Warehouse

      A flex-style industrial offering with combined warehouse and office space for businesses that need space to operate and store.
      6190 NW 11th Street, Sunrise, FL 33313
      View Details
    • $25 SF/Yr
      5,400 SF

      Sunrise Industrial Park Office/Warehouse

      Office/warehouse unit with dock-high door and roll-up door.
      10400 NW 55th Street Unit 200, Sunrise, FL 33351
      View Details
    • $24 SF/Yr
      37,818 SF

      Class A Office Space Available

      Class A office building in Sawgrass International Corporate Park.
      1300 Sawgrass Corporate Pky, Sunrise, Florida 33323
      View Details
    • $24 SF/Yr
      26,543 SF

      Class A Office Building ForRent

      Six-story Class A office building in Sawgrass International Corporate Park.
      1000 Sawgrass Corporate Parkway, Sunrise, Florida 33323
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease with high traffic exposure.
    Where is this retail space located?
    The property is located at 4375-4399 N University Dr Sunrise, FL.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Directly located on the signalized intersection of N. University Drive and 44th Street; Average daily car count exceeding 60,000, offering significant exposure; Neighboring tenants include Wawa, Crafty Crab, Starbucks, Chipotle, Burlington Coat Factory, Planet Fitness, Enterprise Car Rental, and McDonalds
    (954) 629-6858 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sam Losek
    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
    4375-4399 N University Dr, Sunrise, 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!