Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space with Highway Frontage Title is generated by Realmo AI

    11290 FL-84, Davie, FL

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

    Retail space with excellent visibility and access on I-595.

    Type:RETAIL
    Property size:
    14,000 SF
    Lot size:
    19.24 Acres
    Added:
    Jun 14, 2023
    Days on Market:
    1074
    Last Refresh:
    Apr 5 at 11:16 pm

    Property Features for 11290 FL-84

    General Information

    Standard status
    Active
    Size
    14,000 SF
    Lot size
    19.24 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 11290 FL-84 Contact us

    We can help!

    Listing Contact
    Lindsey Walker

    Listing agent Lindsey Walker

    Listing office Konover South - Corporate

    Listing date Jun 14, 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 Konover South - Corporate

    HighLights

    • "Billboard" location along I‑595/SR 84 with excellent visibility (+2,300 ft. of frontage).
    • On/off ramp at Hiatus Road.
    • Signalized access for ease of entry and exit.
    • Grocery‑anchor Winn‑Dixie completed an in‑store upgrade in 2018.
    • Surrounded by several high‑end, single family communities.
    • Pylon signage available.

    Overview

    This retail property offers a prominent location along I-595/SR 84, providing excellent visibility with over 2,300 feet of frontage. The site benefits from an on/off ramp at Hiatus Road and signalized access. A pylon sign is available. The property is anchored by a Winn-Dixie grocery store, which completed an in-store upgrade in 2018. The surrounding area includes several high-end, single-family communities. The property has a size of 14,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Shenandoah Square — 13700 W State Rd 84, Davie, FL 33325
    • Gateway At Sawgrass — 504003030038, Sunrise, FL 33325

    Map

    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2655846
    Latitude
    26.0312353

    Nearby Similar for Lease

    • $45 SF/Yr
      3,000 SF

      Prime Retail Leasing Opportunity

      Retail/commercial/medical space in busy Davie location.
      15661 Sheridan St, Davie, FL 33331
      View Details
    • $2,650/Mo
      783 SF

      Move-in Ready Davie Office Suite

      783 SF office suite in prime Davie location.
      5200 S University Dr, Davie, FL 33328
      View Details
    • $12 SF/Yr
      3,000 SF

      Turnkey Ready Executive Office Space

      Executive office space for law, insurance, accounting, and real estate.
      351 SW 136th Ave, Davie, FL 33325
      View Details
    • $22 SF/Yr
      900 SF

      Prime Retail Space in Davie

      900 sq ft retail space in Davie's historic downtown.
      4480 SW 64th Avenue, Davie, FL 33314
      View Details
    • $1,500/Mo
      574 SF

      Professional Office Condo For Rent

      Second-floor office condo with private restroom, elevator access, covered parking.
      5595 Orange Drive, Davie, FL 33314
      View Details
    • $2,595/Mo

      Renovated Office Space in Davie

      Move-in ready office space in a prime Davie location.
      6958 Griffin Road, Davie, FL 33314
      View Details
    • $2,595/Mo

      Office Space on Griffin Road

      Professional office space with high visibility and traffic count.
      6848 Griffin Road, Davie, FL 33314
      View Details
    • $5,000/Mo

      Air-Conditioned Warehouse with Office Space

      Warehouse with office space, parking, and loading area available for rent.
      10392 W State Road 84 112, Davie, FL 33324
      View Details
    • $18 SF/Yr
      6,600 SF

      Pointe West I Flex Space

      7,234 SF flex space available for sublease immediately.
      15951 SW 41st street, Davie, Florida 33331
      View Details
    • $13 SF/Yr
      5,360 SF

      Flex Space with Weston Road Frontage

      5,360 SF flex space available April 2020.
      15851 SW 41st Street, Davie, Florida 33331
      View Details
    • $39 SF/Yr
      4,243 SF

      Davie Office Space Available

      Office space available for rent in Davie, Florida.
      4690 S University Dr, Davie, FL
      View Details
    • $17 SF/Yr
      5,210 SF

      Davie Warehouse and Flex Space

      Warehouse complex with flex, industrial, and office space available.
      4650 SW 51st St, Davie, FL
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space with excellent visibility and access on I-595.
    Where is this shopping center located?
    The property is located at 11290 FL-84 Davie, FL.
    What are key features of this property?
    This property features: "Billboard" location along I‑595/SR 84 with excellent visibility (+2,300 ft. of frontage).; On/off ramp at Hiatus Road.; Signalized access for ease of entry and exit.
    (954) 354-8282 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lindsey Walker
    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
    11290 FL-84, Davie, 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!