Commercial Land Redevelopment
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For Sale
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2201 S University Drive, Davie, FL 33324
Zoned B-2 with frontage on S University Drive and secondary access from Valencia Drive for redevelopment.
Property Size40,510 SF
Price / SF$123.43
Days on Market4
Property Features for 2201 S University Drive
General Information
Standard status
Active
Size
40,510 SF
Property subtype
Land
Building Details
Year Built
1983
Listing Agency:
CBRE - Miami
(786) 356-1021
Listed By:
Michael Betancourt · License #FL 3237101
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 12:36PM
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 CBRE - Miami
Investment Insights
Based on property information with market context.
2201 S University Drive in Davie, Florida is a 0.93-acre redevelopment opportunity with an existing structure scheduled to be demolished at closing. The site is positioned to support a developer or owner-user looking for a fresh ground-up concept within a well-established commercial corridor.
The parcel offers 62 feet of frontage along S University Drive with secondary access from Valencia Drive. It is zoned B-2, supporting a broad range of commercial redevelopment uses. For regional access, the site sits 3.3 miles from Fort Lauderdale-Hollywood International Airport and 1.4 miles from Hollywood Young Circle’s multifamily and retail base.
The property includes a structure built in 1983, and the immediate surroundings support a sizable one-mile trade area with population and employment density that can support long-term demand for new development.
The parcel offers 62 feet of frontage along S University Drive with secondary access from Valencia Drive. It is zoned B-2, supporting a broad range of commercial redevelopment uses. For regional access, the site sits 3.3 miles from Fort Lauderdale-Hollywood International Airport and 1.4 miles from Hollywood Young Circle’s multifamily and retail base.
The property includes a structure built in 1983, and the immediate surroundings support a sizable one-mile trade area with population and employment density that can support long-term demand for new development.
Key Highlights
- 0.93‑acre redevelopment site with existing structure to be demolished at closing
- 62 feet of frontage along S University Drive
- Secondary access from Valencia Drive
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $685.4k | $16.92 |
| − Vacancy | −$39.8k | −$0.98 |
| EGI | $645.7k | $15.94 |
| − OpEx | −$193.7k | −$4.78 |
| NOI | $452.0k | $11.16 |
40,510 SF · lease $16.92/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.46M
$5.65M – $7.53M
NOI $451,972 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.68M
$6.72M – $8.96M
NOI $537,634 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
388k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 33%
Dining 26%
Home Improvements & Furnishings 13%
Groceries 11%
Target
Superstores
127,296 visits/mo
0.3 miles
Chick-fil-A
Dining
52,794 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
49,241 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
42,310 visits/mo
0.4 miles
Ross Dress for Less
Apparel
28,692 visits/mo
0.3 miles
Demographics for 33324, FL
46,766
Population
22,375
Households
2.1
Avg Household Size
41
Median Age
45%
College-Educated
94%
High-School Grad
9.0 sq mi
ZIP Area
5,196
Density / Sq Mi
$83,678
Median Household Income
$45,560
Median Earnings
$2,152
Median Rent
$350,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Zoned B-2 with frontage on S University Drive and secondary access from Valencia Drive for redevelopment.
Where is this commercial land located?
The property is located at 2201 S University Drive Davie, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 0.93‑acre redevelopment site with existing structure to be demolished at closing; 62 feet of frontage along S University Drive; Secondary access from Valencia Drive
