Flex Building with
2050 N University Dr, Sunrise, FL 33322
For Sale
New
$2,975,000
Pending
A showroom, warehouse area, four bathrooms, and upgraded three-phase electric support a range of commercial configurations.
Property Size7,981 SF
Lot Size0.49 Acres
Days on Market2
Property Features for 2050 N University Dr
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Frontage
Road Access
Mixed-Use Components
Additional Details
Three-Phase Power
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
4 bathrooms
upgraded 3 phase electric
overhead rolling door
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Box Real Estate LLC
Listed By:
Jason Chamely · License FL #3180591
(954) 857-1884
Source:
Elliman
Added: Nov 8
Last Checked: Jun 16 at 2:06PM
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 Box Real Estate LLC
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Investment Insights
Based on property information with market context.
This flex property combines an open showroom with warehouse space in an approximately 8,000-square-foot building. The interior includes four bathrooms, upgraded three-phase electric service, and one overhead rolling door. The property occupies 0.488 acres and carries B-3 zoning, which allows multiple uses.
The building fronts University Drive with 116 feet of frontage. Its south side has a 120-foot wall facing northbound traffic, providing a visible surface for signage. The roof was replaced in 2020, and the parking lot was sealed and striped in 2026.
The building fronts University Drive with 116 feet of frontage. Its south side has a 120-foot wall facing northbound traffic, providing a visible surface for signage. The roof was replaced in 2020, and the parking lot was sealed and striped in 2026.
Key Highlights
- Approximately 8,000 square feet of showroom and warehouse space
- 116 feet of frontage on University Drive
- 120‑foot south wall with an unobstructed view of northbound traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,508
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,610,160
$2.6M
Cap Rate 7%
$1,864,400
$1.9M
Cap Rate 9%
$1,450,089
$1.5M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$161.3K $20.16/SF
− Vacancy
−$7.7K −$0.97/SF
EGI
$153.5K $19.19/SF
− OpEx
−$23.0K −$2.88/SF
NOI
$130.5K $16.31/SF
Area
Broward County, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,610,160
Cap Rate 7%
$1,864,400
Cap Rate 9%
$1,450,089
Alternative Uses
Best Use
Warehouse
$1.86M
$1.63M – $2.18M
NOI $130,508 @ 7.0% cap · market cap 4.39%
Second Best
Retail
$1.39M
$1.21M – $1.62M
NOI $97,161 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$4.06M
$3.55M – $4.74M
NOI $284,112 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33322, FL
41,050
Population
21,024
Households
2
Avg Household Size
52
Median Age
33%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
7,464
Density / Sq Mi
$69,037
Median Household Income
$40,765
Median Earnings
$2,095
Median Rent
$258,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Broward County, FL
Properties on Market for Flex space in Broward County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A showroom, warehouse area, four bathrooms, and upgraded three-phase electric support a range of commercial configurations.
Where is this flex space located?
The property is located at 2050 N University Dr 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: Approximately 8,000 square feet of showroom and warehouse space; 116 feet of frontage on University Drive; 120‑foot south wall with an unobstructed view of northbound traffic
