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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Turn key restaurants
1455 University Dr Coral Springs, FL 33071-6039
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-2487770
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
CONCRETE
Total area
5,262 SF
Lot
1.32 ac (57,500 SF)
Zoning code
RM-15
APN
48-41-28-01-1330
UPID
US18-2487770
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
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$550k
Owner & transaction history
North University Properties Ll · 13 yrs held
North University Properties Ll
since 2013
3 recorded transactions
Zoning & alternative use
RM-15 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide a low medium density multifamily residential (RM-15) district particularly oriented toward the provision of a suitable social and physical living environment for families or households with children. Parcels so designated shall be limited to locations on or within reasonable proximity to arterial or collector streets and are generally near to scho…
Zone name
Low Medium Density Multiple Family
General category
CIVIC_INSTITUTIONAL
Zone area
559.10 ac
Source
Realmo
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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$105 / 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
$46,385
Tax year 2023
Assessed value
$1,891,560
Assessed 2023
Previous assessed
$1,840,840
+2.8% YoY
Effective rate
2.45%
On assessed value
Assessed land
$862,500
Assessed improvement
$1,029,060
Land market value
$862,500
Improvement market value
$1,029,060
Total market value
$1,891,560
Applied tax rate
2,812.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
5,262 SF
Lot
1.32 ac (57,500 SF)
Zoning code
RM-15
APN
48-41-28-01-1330
UPID
US18-2487770
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-15 · Coral Springs, FLZoning RM-15 · permitted uses
RM-15 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide a low medium density multifamily residential (RM-15) district particularly oriented toward the provision of a suitable social and physical living environment for families or households with children. Parcels so designated shall be limited to locations on or within reasonable proximity to arterial or collector streets and are generally near to schools, parks or recreation facilities.
Zone name
Low Medium Density Multiple Family
General category
CIVIC_INSTITUTIONAL
Zone area
559.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
North University Properties Ll
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 223449, WEST PALM BCH, FL 33422-3449
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2013
$2,625,000
North University Properties Ll
Realty Associates Fund Vii LP
Grant Deed
—
Jan 4, 2006
$2,500,000
Realty Associates Fund Vii
1455 University Corp
Grant Deed
—
Nov 14, 2002
$1,575,000
University Corp
Lone Star Steakhouse & Saloon
Grant Deed
$1,100,000 · City National Bank Of Florida
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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