Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7737 N University Dr # 101 Tamarac, FL 33321

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner office unit in Tamarac's Woodmont Professional Centre.

    Type:Office
    Property size:
    1,152 SF
    Added:
    Jul 11, 2024
    Days on Market:
    650
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 7737 N University Dr # 101

    General Information

    Standard status
    Active
    Size
    1,152 SF
    Property subtype
    Office

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Joe Pelayo, CCIM, SIOR, CIPS

    Listing agent Joe Pelayo, CCIM, SIOR, CIPS License #3005451

    Listing office Total R E Consultants Inc

    Listing date Jul 11, 2024

    Source Crexi

    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 Total R E Consultants Inc

    Overview

    Tamarac Woodmont Professional Centre Office

    Located in Tamarac’s Woodmont Professional Centre, Unit 101 is a corner unit on the first floor. The unit measures 1,152 square feet and features hurricane impact glass windows. The current layout includes a reception area, three offices, an open area, a kitchen, and a restroom. Ample parking is available. The property is zoned as a Neighborhood Commercial (NC) district and is closely located to University Hospital, making it suitable for medical practitioners. The space is also suitable for professional industries including legal and engineering.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.2701
    Latitude
    26.2125

    Nearby Similar for Sale

    • $200,000

      Established Smoke Shop Business Opportunity

      Well-established smoke shop in high-traffic Tamarac location for sale.
      6041 N university dr, Tamarac, FL 33321
      View Details
    • $150,000

      Turnkey Restaurant & Bar Opportunity

      Fully equipped restaurant and bar for sale in Tamarac/Sunrise.
      Restaurant And Bar For Sale On N Pine Island Road In Tamarac/Sunrise, Tamarac, FL 33351
      View Details
    • $899,000
      2,660 SF

      Tamarac Office with Commercial Blvd Frontage

      Modern office unit with high visibility and ample parking.
      6095 W Commercial Boulevard, Tamarac, FL 33319
      View Details
    • $140,000

      Tamarac, FL Hair Salon

      Hair salon for sale in active shopping center.
      7140 & 7142 N Nob Hill Rd, Tamarac, FL 33321
      View Details
    • $188,000

      Turnkey Nail & Beauty Spa

      Nail and beauty spa in high-traffic Tamarac plaza.
      Tamarac, FL 33319
      View Details
    • $1,122,968

      Tamarac Office Condo For Sale

      Office condo ideal for medical or professional use.
      7777 N University Drive, Tamarac, FL 33321
      View Details
    • $429,000

      Tamarac Professional Office For Sale

      Corner unit in Woodmont Professional Centre, ideal for professionals.
      7737 N University Drive, Tamarac, FL 33321
      View Details
    • $3,200,000
      30,000 SF

      Medical Office Building For Sale

      Three-story medical office building with ample parking and great location.
      7171 N University Drive, Tamarac, FL 33321
      View Details
    • $11,999,999
      35,563 SF

      Air Conditioned Warehouse in Broward

      Manufacturing/distribution space in top-class warehouse district.
      10151 NW 67th St, Tamarac, FL 33321
      View Details
    • $3,200,000
      9,207 SF

      Medical Office Condo For Sale

      Ground floor suite in Tamarac near HCA Woodmont Hospital.
      7171 N University Dr, Tamarac, FL 33321
      View Details
    • $3,500
      1,600 SF

      Tamarac Retail Space For Lease

      1,600 SF retail space with high traffic and natural light.
      5820 N University Dr, Tamarac, FL 33321
      View Details
    • $429,000
      1,152 SF

      Tamarac Woodmont Professional Centre Unit

      Corner unit in Woodmont Professional Centre, ideal for professionals.
      7737 N University Drive, Tamarac, FL 33321
      View Details

    FAQs

    What type of property is this?
    Office units - Corner office unit in Tamarac's Woodmont Professional Centre.
    Where is this office units located?
    The property is located at 7737 N University Dr # 101 Tamarac, FL.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: Highly‑desired corner unit on the first floor with 1,152 +\/- SQFT.; Ample parking available.; Hurricane impact glass windows.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joe Pelayo, CCIM, SIOR, CIPS
    Real Estate License ID: 3005451
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!