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Property profile & analytics
OFF-MARKET
Estimated value
$29,270,000
Office buildings
1248 University Dr Plantation, FL 33322-4709
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-1897861
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2020
Total area
64,638 SF
Lot
0.85 ac (37,225 SF)
Zoning code
B-7Q
APN
49-41-33-13-0037
UPID
US18-1897861
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
$30.48M
Comparable Approach
Comparable
$19.75M
Blend (final)
Blend
$29.27M
Owner & transaction history
Plantation Prof Plaza LLC · 10 yrs held
Plantation Prof Plaza LLC
since 2016
2 recorded transactions
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
Neighborhood: shopping center
$48.6M
+189.7%
Commercial (general)
$33.5M
+99.4%
Industrial (general)
$30.4M
+80.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Plantation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantation submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$33,010,000
6.5%
$30,475,000
7%
$28,295,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$48,640,000
Change: +190% · Conversion: Difficult
COMMERCIAL (GENERAL)
$33,480,000
Change: +99% · Conversion: Easy
INDUSTRIAL (GENERAL)
$30,375,000
Change: +81% · Conversion: Difficult
MEDICAL BUILDING
$30,120,000
Change: +79% · Conversion: Easy
RETAIL STORES
$24,525,000
Change: +46% · Conversion: Moderate
Blend value · Realmo final
$29.27M
Range $26.34M – $32.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$453 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$318,412
Tax year 2023
Assessed value
$16,683,250
Assessed 2023
Previous assessed
$16,683,250
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,302,880
Assessed improvement
$15,380,370
Land market value
$1,302,880
Improvement market value
$15,380,370
Total market value
$16,683,250
Applied tax rate
2,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2020
Heating
NONE
Stories
3
Total area
64,638 SF
Lot
0.85 ac (37,225 SF)
Zoning code
B-7Q
APN
49-41-33-13-0037
UPID
US18-1897861
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-7Q · Plantation, FLZoning B-7Q · permitted uses
B-7Q · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · 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 City Comprehensive Plan, which may have residential uses developed on parcels no greater than 10 acres in size.
Zone name
Planned Commercial Development District
General category
COMMERCIAL
Zone area
205.87 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$48.6M
COMMERCIAL (GENERAL)
Est. value
$33.5M
INDUSTRIAL (GENERAL)
Est. value
$30.4M
MEDICAL BUILDING
Est. value
$30.1M
RETAIL STORES
Est. value
$24.5M
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
3
Lot
0.85 ac
Current owner
From public records · entity-resolved
Plantation Prof Plaza LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1500 CONCORD TER #101, SUNRISE, FL 33323-2815
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2016
$2,300,000
Plantation Prof Plaza LLC
Plantation Sites LLC
Grant Deed
related
—
Apr 16, 2008
$3,350,000
Pk Plantation Lllp
Owner,record
Grant Deed
related
$1,795,000 · Fifth Third Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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