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    Commercial Blvd. & University Dr Tamarac, FL 33319

    • Retail properties
    • 181,576 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Commercial Blvd. & University Dr

    Property size
    181,576 SF
    Property type
    Retail properties

    Description

    Ft. Lauderdale Plaza, a vibrant strip center in Lauderhill, Florida (33319), offers exceptional retail opportunities at the high-traffic intersection of Commercial Blvd. and University Dr. This 181,576 square foot center boasts a diverse mix of national and local tenants, ensuring high visibility and foot traffic. Currently, 9,725 square feet of retail space is available, divisible into units ranging from a minimum of 3,600 square feet to a maximum contiguous space of 6,125 square feet. The property is situated in Broward County, providing easy access to major transportation routes and a dense population base. Ample parking is available with 660 spaces to accommodate customers and employees. This prime location presents a unique chance to establish or expand your business within a thriving retail environment. The property's strategic location at one of Broward County's strongest intersections guarantees significant exposure and potential for substantial returns. Contact us today to learn more about this exceptional retail opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.2503
    Latitude
    26.1928

    Comparable in this City

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      23,455 SF

      6420-64 Commercial Blvd

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    • Value Estimation by Request
      39,825 SF

      4177 State Road 7

      Lifestyle centers • 39,825 SF
      4177 State Road 7, Lauderdale Lakes, FL 33319
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    • Value Estimation by Request

      3401 State Road 7

      Retail properties
      3401 State Road 7, Lauderdale Lakes, FL 33319
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    • Value Estimation by Request
      700 SF

      State Road 7

      Retail properties • 700 SF
      0 State Road 7, Tamarac, FL 33319
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    • Value Estimation by Request

      3401 State Road 7

      Retail properties
      3401 State Road 7, Lauderdale Lakes, FL 33319
      View Details
    • Value Estimation by Request
      67,202 SF

      6801-6997 Commercial Blvd

      Neighborhood centers • 67,202 SF
      6801-6997 Commercial Blvd, Lauderhill, FL 33319
      View Details

    Similar Nearby for Sale

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      1.33 Acres

      Lauderhill Retail Investment Opportunity

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    • $89,000

      Turnkey Restaurant/Bar in Tamarac

      Established Eatery, Fully Equipped, $89K
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      Retail or Office Space Available

      800 SF retail/office space in busy shopping center.
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    • $45,000

      Tattoo Studio Business Opportunity

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      Fort Lauderdale Strip Center Investment

      New Retail Center, NNN Leases, High ROI
      3920 Prospect Rd, Fort Lauderdale, FL 33319
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    • Contact for pricing

      Retail Space on State Road

      2400 SF retail space with direct frontage.
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    Similar Nearby for Lease

    • Contact for pricing
      181,576 SF

      Ft. Lauderdale Plaza Retail Space

      Prime Broward County retail space available.
      0 Commercial Blvd. & University Dr, Tamarac, FL 33319
      View Details
    • Contact for pricing
      9,500 SF

      Commercial Blvd Retail Spaces

      Lauderhill, FL: Prime Retail & Office
      7240 Commercial Blvd, Lauderhill, FL 33319
      View Details
    • $40 SF/Yr
      57,996 SF

      Lauderhill Retail Development Opportunity

      New retail development with drive-through and ample parking.
      7240 W Commercial Blvd, Lauderhill, FL 33319
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      236,933 SF

      Sunshine Plaza Retail Center

      Tamarac, FL Shopping Center - 1,218 SF Available
      4001 Commercial Blvd, Tamarac, FL 33319
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    • $1.48 SF/Yr
      12,000 SF

      Lauderdale Lakes Retail Space For Lease

      12,000 SF Retail, High Traffic Location
      3401 State Road 7, Lauderdale Lakes, FL 33319
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    • $40 SF/Yr

      Commercial Blvd Retail Development

      New retail, office, and medical space for lease on Commercial Blvd.
      7240 W Commercial Blvd, Fort Lauderdale, FL 33319
      View Details
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    Tamarac, FL 33319
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    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
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