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    5701 University Dr Tamarac, FL 33321

    Sponsored
    For Lease
    Contact for pricing

    Broward County shopping center, 6 suites available

    Lot size:
    218,407 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Midway Plaza, a 218,407-square-foot community shopping center, presents a compelling investment opportunity in western Broward County, Florida. Strategically located at the intersection of University Drive and Commercial Boulevard in Tamarac, this established center boasts a prime infill location within a densely populated area, with 195,000 residents residing within a 3-mile radius. Built in 1986, the center is anchored by a Publix supermarket, a key tenant since its inception. A diverse mix of junior anchors complements Publix, including Ross Dress for Less, Dollar Tree, and Five Below, ensuring a strong tenant base and consistent foot traffic. The property offers multiple suite options, ranging from a minimum of 2,323 square feet to a maximum contiguous space of 19,324 square feet. Currently, 35,354 square feet of space is available for lease, providing flexibility for various retail concepts. This well-established center in the Miami-Fort Lauderdale metro area offers a unique opportunity to capitalize on a thriving retail market. The property's strong anchor tenants, high visibility location, and substantial available space make it an attractive proposition for businesses seeking a presence in this dynamic area. The six total suites provide a variety of options for potential tenants.

    Property Features for 5701 University Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    218,407 SF

    Building Details

    Year Built
    1986

    Unit(s) available at that property

    Space
    Suite 5707
    Size
    2,867 SF
    Space
    Suite 5719
    Size
    2,525 SF
    Space
    Suite 5837
    Size
    19,324 SF
    Space
    Suite 5879
    Size
    4,315 SF
    Space
    Suite 7609
    Size
    2,323 SF
    Space
    Suite 7613
    Size
    4,000 SF

    HighLights

    • Broward County location.
    • Retail shopping center with multiple tenants.
    • 218,407 square feet of gross leasable area (GLA).
    • Built in 1986.
    • Located in the Miami‑Fort Lauderdale metro area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Midway Plaza Shopping Mall La Granja Peruvian Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.2685032
    Latitude
    26.208305

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    FAQs

    What type of property is this?
    Retail property - Broward County shopping center, 6 suites available
    Where is this retail property located?
    The property is located at 5701 University Dr Tamarac, FL.
    What are key features of this property?
    This property features: Broward County location.; Retail shopping center with multiple tenants.; 218,407 square feet of gross leasable area (GLA).
    Request Owner's contact information
    5701 University Dr Tamarac, FL 33321
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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
    5701 University Dr Tamarac, FL 33321
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