Flex Space with
For Sale
Under Contract
$2,975,000
2050 N University Drive, Sunrise, FL
Commercial Sale, Sunrise, FL
Property Size8,000 SF
Lot Size0.49 Acres
Price / SF$372.76
Days on Market198
Property Features for 2050 N University Drive
General Information
Property type
Residential
Property subtype
Retail
Zoning
B-3
Parking
24
Subdivision
3750
Standard status
Active Under Contract
APN
494128041180
Size
7,981 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNRISE GOLF VILLAGE SEC 19 PART ONE 72-12 B TR C LESS THE N 839.88
Tax Annual Amount
31960
Legal Description
SUNRISE GOLF VILLAGE SEC 19 PART ONE 72-12 B TR C LESS THE N 839.88
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
4 bathrooms
upgraded 3 phase electric
1 overhead rolling door
Building Details
Year built
1976
Floors in Building
1
Number of units
1
Building materials
CBS
Roof type
Flat
Listing Agency:
Box Real Estate LLC
(954) 526-3900
Listed By:
Jason Chamely · License #3180591
(954) 857-1884
Added: Mar 23
Changed: Aug 19
Last Checked: Oct 6 at 7:06PM
MLS# B26005943
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex property in Sunrise combines an open showroom with warehouse functionality in a single commercial building. The layout includes 4 bathrooms, 1 overhead rolling door, and upgraded 3-phase electric service. Construction is CBS, with central heating and central air conditioning. The flat roof was replaced in 2020.
Positioned on University Drive, the property offers 116 feet of frontage and a 120-foot south-side wall oriented toward northbound traffic. That wall provides prominent exposure for signage and branding. Public water and public sewer serve the site, and the property carries B-3 zoning. The parking lot is scheduled to be sealed and striped in 2026.
Positioned on University Drive, the property offers 116 feet of frontage and a 120-foot south-side wall oriented toward northbound traffic. That wall provides prominent exposure for signage and branding. Public water and public sewer serve the site, and the property carries B-3 zoning. The parking lot is scheduled to be sealed and striped in 2026.
Key Highlights
- B‑3 zoning supports a range of commercial uses
- 116' of frontage on University Drive
- 120' south‑side wall with exposure to northbound traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,550
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,511,000
$3.5M
Cap Rate 7%
$2,507,857
$2.5M
Cap Rate 9%
$1,950,556
$2.0M
Market Conditions
NOI Build-Up for 7,981 SF
Gross rent
$287.3K $36.00/SF
− Vacancy
−$17.2K −$2.16/SF
EGI
$270.1K $33.84/SF
− OpEx
−$94.5K −$11.84/SF
NOI
$175.6K $22.00/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,511,000
Cap Rate 7%
$2,507,857
Cap Rate 9%
$1,950,556
Alternative Uses
Best Use
Flex RnD
$2.51M
$2.19M – $2.93M
NOI $175,550 @ 7.0% cap · market cap 5.90%
Second Best
Retail
$1.93M
$1.69M – $2.25M
NOI $134,952 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$4.05M
$3.54M – $4.72M
NOI $283,437 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,499
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - B-3-zoned commercial building with showroom, warehouse functionality, and direct University Drive frontage.
Where is this flex space located?
The property is located at 2050 N University Drive Sunrise, FL.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: B‑3 zoning supports a range of commercial uses; 116' of frontage on University Drive; 120' south‑side wall with exposure to northbound traffic
