Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1000 University Dr Coral Springs, FL 33071-6624
    Back to Search
    Property profile & analytics

    1000 University Dr, Coral Springs, FL 33071-6624

    View on Map
    • Turn key restaurants
    • 9,266 SF
    • 1.99 lot acres
    Off-Market
    Last Sale Mar 4, 2024
    $5,150,000
    Property ID
    US19-0817788
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,150,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 1000 University Dr

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.99 lot acres
    Zone code
    B-3
    Property type
    Turn key restaurants
    APN
    48-41-28-03-6187
    APU
    484128036187

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2024 $5,150,000 Lori Springs LLC B&b Properties University Drive LLC Warranty Deed —
    Feb 27, 2019 — B & B Properties-university Driv — Deed · related $2M · Centennial Bk
    Aug 29, 2017 — B & B Properties-university Dr — Deed · related $2M · Stonegate Bk
    May 16, 2003 $1,800,000 B & B Properties University Dr Mexmasters Coral Springs INC Grant Deed —
    Dec 27, 1994 $1,000,000 Red Robin Intl INC K,mart Corp Warranty Deed · related —
    — — B & B Properties-university Driv — Loan Modification · related $2M · Centennial Bk
    — — B & B Properties-university Driv — Deed Of Trust · related $1.3M · Stonegate Bk
    — — B & B Properties-university Dr — Loan Modification · related $2M · Stonegate Bk
    — — B & B Properties-university Dr — Loan Modification · related $2M · Stonegate Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,150,000
      ML approach
      $5,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,818,000
      Market price range: $3.51M - $12.6M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,775,000
      Current use
      AUTO REPAIR, GARAGE
      $6,800,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2541
    Latitude
    26.2439
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $65,600
    $1,606,060
    $1,221,120
    $2,827,180
    -
    $1,606,060
    $1,221,120
    $2,827,180

    Comparable in this City

    • Value Estimation
      $750,000
      6,562 SF

      1800 University Dr

      RESTAURANT
      1800 University Dr, Coral Springs, FL 33071-6031
      View Details
    • Value Estimation
      $1,255,000
      10,751 SF

      1580 University Dr

      RESTAURANT
      1580 University Dr, Coral Springs, FL 33071-6042
      View Details
    • Value Estimation
      $2,390,000
      7,467 SF

      1850 University Dr

      RESTAURANT
      1850 University Dr, Coral Springs, FL 33071-6031
      View Details
    • Value Estimation
      $830,000
      8,422 SF

      1915 University Dr

      RESTAURANT
      1915 University Dr, Coral Springs, FL 33071-8960
      View Details
    • Value Estimation
      $925,000
      9,240 SF

      855 University Dr

      RESTAURANT
      855 University Dr, Coral Springs, FL 33071-7028
      View Details
    • Value Estimation
      $545,000
      5,674 SF

      1650 University Dr

      RESTAURANT
      1650 University Dr, Coral Springs, FL 33071-6027
      View Details

    Similar Nearby for Sale

    • $165,000

      Turnkey Restaurant Opportunity in Coral Springs

      Turnkey restaurant for sale, high gross, low overhead, expansion potential.
      12xxx W Atlantic Blvd, Coral Springs, FL 33071
      View Details
    • $125,000
      3,000 SF

      Turnkey Restaurant & Bar Opportunity

      Fully equipped restaurant and bar with 4COP license for sale.
      Restaurant And Bar For Sale In Coral Spg, Coral Springs, FL 33071
      View Details
    • Contact for pricing

      12XXX W Atlantic Blvd, Coral Springs, FL 33071

      Conventional restaurants
      12XXX W Atlantic Blvd, Coral Springs, FL 33071
      View Details
    • Contact for pricing

      Coral Springs Executive Office Space

      1,185 sq ft office in distinguished Coral Springs building.
      210 N University Dr, Coral Springs, FL 33071
      View Details
    • Contact for pricing

      Renovated Medical Office Condo

      Ground floor medical office with recent full renovation.
      1500 N University Dr, Coral Springs, FL 33071
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,149 SF

      Restaurant Space Near Coral Square

      Restaurant space for rent, highly visible, ample parking.
      702-778 Riverside Dr, Coral Springs, FL 33071
      View Details
    • $5,620 /Mo
      1,900 SF

      Retail Space in Coral Springs

      Retail space available in high-traffic Coral Springs location.
      1869 N University Dr, Coral Springs, FL 33071
      View Details
    • Contact for pricing
      33,517 SF

      Coral Springs Retail Space Available

      Retail space for lease in Coral Springs, Florida.
      725 N University Dr, Coral Springs, FL 33071
      View Details
    • Contact for pricing
      650 SF

      Retail Space on Atlantic Boulevard

      Retail space with high visibility and abundant parking.
      10402-10462 W Atlantic Blvd, Coral Springs, FL 33071
      View Details
    • $5,300 /Mo
      1,590 SF

      Retail Space in Coral Springs

      Retail space in a high-traffic Coral Springs location.
      1845 N University Dr, Coral Springs, FL 33071
      View Details
    • Contact for pricing
      2,125 SF

      Retail Space Near Coral Square

      Retail space for lease near Coral Square Mall.
      1281-1327 N University Dr, Coral Springs, FL 33071
      View Details
    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.
    1000 University Dr
    Coral Springs, FL 33071-6624
    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

    Thank You for Inquiry
    1000 University Dr, Coral Springs, FL, 33071
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!