Corner Office
New
For Sale
Contact for pricing
5551 N UNIVERSITY Drive #204, Coral Springs, FL 33067
Private offices, meeting space, reception, and dedicated IT/storage support a range of professional operations.
Property Size1,500 SF
Price / SF$0.03
Days on Market3
Property Features for 5551 N UNIVERSITY Drive #204
General Information
Standard status
Active
Size
1,500 SF
Class
Class A
Property subtype
Business
Site & Location
Neighborhood
Pine Ridge
Highway Access
Yes
Additional Details
Condition
Built-Out
Property Use
Office
Building Details
Year Built
2005
Tenancy
Multi
Listing Agency:
Box Real Estate LLC
(954) 526-3900
Listed By:
Jason Chamely · License #3180591
(954) 857-1884
Source:
Lehmannflorida
Added: Oct 30
Last Checked: Nov 1 at 4:34AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit has a corner layout with four offices, a conference room, a reception area, a waiting room, and separate IT and storage space. The building dates to 2005.
Located within Coral Springs Professional Campus, the property is near the Sawgrass Expressway.
Located within Coral Springs Professional Campus, the property is near the Sawgrass Expressway.
Key Highlights
- 1,500‑square‑foot corner office unit
- Four offices, including two notably large rooms
- Conference room, reception area, and waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,085
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,700
$2.8M
Cap Rate 7%
$2,015,500
$2.0M
Cap Rate 9%
$1,567,611
$1.6M
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$239.9K $159.96/SF
− Vacancy
−$51.8K −$34.55/SF
EGI
$188.1K $125.41/SF
− OpEx
−$47.0K −$31.35/SF
NOI
$141.1K $94.06/SF
Area
Coral Springs, FL
Vacancy
21.60%
Lease Rate
$159.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,821,700
Cap Rate 7%
$2,015,500
Cap Rate 9%
$1,567,611
Alternative Uses
Best Use
Office B
$2.02M
$1.76M – $2.35M
NOI $141,085 @ 7.0% cap · market cap 352,712.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $179,055 @ 7.0% cap · market cap 447,637.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 33067, FL
27,564
Population
8,994
Households
3.1
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
9.9 sq mi
ZIP Area
2,784
Density / Sq Mi
$132,385
Median Household Income
$61,744
Median Earnings
$2,128
Median Rent
$652,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices, meeting space, reception, and dedicated IT/storage support a range of professional operations.
Where is this office unit located?
The property is located at 5551 N UNIVERSITY Drive #204 Coral Springs, FL.
What are key features of this property?
This property features: 1,500‑square‑foot corner office unit; Four offices, including two notably large rooms; Conference room, reception area, and waiting room
