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Property profile & analytics
OFF-MARKET Estimated value $2,235,000
Office buildings

1208 University Dr Plantation, FL 33322-4724

5,193 SF 0.12 ac lot Built 1982
Entity Owned 9-yr Hold Free & Clear
Property ID
US18-4404071
Property summary
AI-generated overview

This pristine, single-tenant medical office building, totaling 5,193 square feet, presents a remarkable opportunity in Plantation, Florida. Constructed in 1982, the building is ideally situated at 1208 N University Dr, 33322, offering excellent visibility and accessibility. Its location within a thriving medical and commercial corridor ensures high foot traffic and prominent exposure. The property's central location provides convenient access to major highways, enhancing its appeal to both patients and staff. This well-maintained building is perfect for healthcare professionals seeking a modern and functional space to establish or expand their practice. The single-tenant occupancy simplifies management and provides a stable investment opportunity. The building's size and layout offer ample space for various medical specialties, providing flexibility for future growth and adaptation. This is an exceptional chance to secure a well-established medical office building in a highly desirable location. The property's strong location and single-tenant occupancy make it an attractive investment for those seeking a stable and profitable venture in the flourishing Plantation market. This turnkey solution allows immediate occupancy and the opportunity to capitalize on the area's robust healthcare sector.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1982
Construction CONCRETE
Total area 5,193 SF
Lot 0.12 ac (5,427 SF)
Zoning code B-7Q
APN 49-41-33-13-0050
UPID US18-4404071
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.45M
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$2.24M
Owner & transaction history
Bene Facere III LLC · 9 yrs held
Bene Facere III LLC
since 2016
4 recorded transactions
2016
Price N/A
2015
$948,200
2014
$792,400
2010
$800,000
Zoning & alternative use
B-7Q · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Planned Commercial Development (B-7Q) Districts which are developed primarily with non residential uses should not be less than 10 acres in area. Planned Commercial Development (B-7Q) Districts shall not have residential structures or usage other than hotels and motels, except within Central Plantation (id est. Plantation Midtown), as defined in the adopted…

Zone name Planned Commercial Development District
General category COMMERCIAL
Zone area 205.87 ac
Source Realmo
Top alternative use upside
Commercial (general) $2.7M +99.4%
Industrial (general) $2.4M +80.9%
Medical building $2.4M +79.4%
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