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    5230 University Dr Davie, FL 33328

    Sponsored
    For Sale
    $505,451

    1073 sq ft Office, Stable Tenant

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1073-square-foot office condo in Davie, Florida, presents a compelling investment opportunity. Located at 5230 S University Drive, 33328, this 2006-built unit boasts a bright, open floor plan ideal for various business uses. The space includes a welcoming reception area, updated flooring, a well-appointed bathroom, private offices, dedicated meeting rooms, and a functional kitchen area. Currently occupied by a stable, long-term tenant since 2018, providing a consistent income stream. Ample parking is available for staff and clients. The property is part of a 45-unit association with a robustly funded reserve account, exceeding requirements as of July 2024. There is no pending litigation, outstanding assessments, or anticipated special assessments; all units are current. This turnkey solution offers immediate occupancy or continued rental income. The property's strong financial position and desirable features make it an attractive investment. Please schedule a showing to explore this exceptional opportunity. Drive-by viewing only; do not contact tenants.

    Property Features for 5230 University Dr

    General Information

    Property type
    Office Properties & Spaces

    Building Details

    Year Built
    2006
    Units
    1

    HighLights

    • Asking Price: $505,451
    • Office Condo, 1 Unit, 1,073 sq ft
    • Built in 2006
    • Located at 5230 S University Drive, Davie, FL 33328
    • Features bright, open floor plan, reception area, updated floors, bathroom, offices, meeting rooms, and kitchen; ample parking. Currently leased to a stable tenant since 2018. The HOA has a well‑funded reserve account and no pending litigation or special assessments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2506781
    Latitude
    26.0566383

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    FAQs

    What type of property is this?
    Office Property / Space - 1073 sq ft Office, Stable Tenant
    Where is this office property / space located?
    The property is located at 5230 University Dr Davie, FL.
    What is the asking price?
    The asking price for this property is $505,451.
    What are key features of this property?
    This property features: Asking Price: $505,451; Office Condo, 1 Unit, 1,073 sq ft; Built in 2006
    Request Owner's contact information
    5230 University Dr Davie, FL 33328
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    Realmo Value Estimation

    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.

    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.

    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
    5230 University Dr Davie, FL 33328
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