Property profile

1505 N University Dr Coral Springs, FL 33071

FOR SALE
Office buildings
Property ID
US18-4119242
22,925 SF 1 ac lot Built 1988
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Freestanding medical office building located on University Drive in Coral Springs, set on just over 1 acre of land and containing 22,925 square feet across four stories. The ground floor provides 5,214 square feet of medical office space. The second floor was configured as a full surgical suite with overnight recovery capabilities and includes medical surgical space totaling approximately 7,300 square feet. The third floor contains two suites, each approximately 2,000 square feet. The fourth floor includes three suites: suites 400–401 at approximately 3,000 square feet and suite 402 at approximately 1,000 square feet. Parking is provided through a front and back parking lot plus covered parking areas. A Kohler 60 kW generator system powers the entire second floor and the building’s emergency systems. The building is approximately 1.5 miles from Broward Health Coral Springs Hospital, 2.8 miles from HCA Woodmont Tamarac Hospital, and 4.5 miles from North West Medical Center Margate.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1988
Construction CONCRETE
Total area 22,925 SF
Lot 1 ac (43,625 SF)
Zoning code B-2
APN 48-41-28-01-1660
UPID US18-4119242

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Spa & Massage Center Alternative Medicine Practice
  • Medical Supply Store

Location

1505 N University Dr Coral Springs, FL 33071
Coral Springs metro Census 20315 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$7.43M
Comparable Approach Comparable
$6.43M
Blend (final) Blend
$6.18M

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2002
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Coral Springs, FL
Zoning description

The Community Business (B-2) District is intended primarily to provide for general commercial activity for a wide range of goods and services to the entire community. Such businesses generally require locations convenien…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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