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    Property profile & analytics

    1500 N University Dr Coral Springs, FL 33071

    • Office buildings
    • 2,057 SF
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    May 10, 2023
    $632,000
    Value Estimations
    Cap Rate Potential
    4.8%
    Office buildings
    Location Intelligence
    Property ID
    US18-2854741
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 1500 N University Dr

    Year built
    1983
    Construction
    CONCRETE
    Property size
    2,057 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    48-41-28-AB-0020
    APU
    484128AB0020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $720,000
      6.5%
      $665,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $644,000
      Market price range: $527k - $873k
      AI Estimate
      $468,000
      Market price range: $279k - $783k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $765,000
      Current use
      MEDICAL BUILDING
      $720,000
      Change: -6% Conversion: Easy
      WAREHOUSE, STORAGE
      $635,000
      Change: -17% Conversion: Difficult
      RETAIL STORES
      $615,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2541
    Latitude
    26.2497
    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
    $8,143
    $35,070
    $315,610
    $350,680
    -
    $35,070
    $315,610
    $350,680

    Comparable in this City

    • Value Estimation
      $2,230,000
      6,008 SF

      12450 Atlantic Blvd, Unit 12458

      OFFICE BUILDING • 6,008 SF
      12450 Atlantic Blvd, Coral Springs, FL 33071-4086
      View Details
    • Value Estimation
      $4,250,000
      22,807 SF

      1801 University Dr

      OFFICE BUILDING (MULTI-STORY) • 22,807 SF
      1801 University Dr, Coral Springs, FL 33071-8920
      View Details
    • Value Estimation
      $845,000
      2,943 SF

      1500 University Dr Ste, Unit 212

      PROFESSIONAL BUILDING • 2,943 SF
      1500 University Dr Ste, Coral Springs, FL 33071-6072
      View Details
    • Value Estimation
      $690,000
      2,592 SF

      1500 University Dr Ste, Unit 105

      PROFESSIONAL BUILDING • 2,592 SF
      1500 University Dr Ste, Coral Springs, FL 33071-6071
      View Details
    • Value Estimation by Request
      733 SF

      1881 University Dr Ste, Unit 107

      PROFESSIONAL BUILDING • 733 SF
      1881 University Dr Ste, Coral Springs, FL 33071-6093
      View Details
    • Value Estimation by Request
      1,075 SF

      1881 University Dr Ste, Unit 202

      PROFESSIONAL BUILDING • 1,075 SF
      1881 University Dr Ste, Coral Springs, FL 33071-6095
      View Details

    Similar Nearby for Sale

    • $1,000,000
      1,950 SF

      Coral Springs Medical Office Condo

      Ground floor, fully renovated, 1950 sq ft
      1500 University Dr, Coral Springs, FL 33071
      View Details
    • $1,000,000
      2.10 Acres

      Renovated Medical Office in Coral Springs

      Ground floor medical office with recent full renovation and modern amenities.
      1500 N University Dr, Coral Springs, FL 33071
      View Details
    • $1,000,000

      Coral Springs Office Condo For Sale

      Ground floor medical office, fully renovated.
      1500 University Dr, Coral Springs, FL 33071
      View Details
    • $6,700,000
      22,925 SF

      Cosmeplast Medical Building For Sale

      Coral Springs medical office building, 22,925 SF
      1505 University Dr, Coral Springs, FL 33071
      View Details
    • $6,700,000

      Coral Springs Medical Office Building

      Prime Medical Office Building, 22,925 SF
      1505 University Dr, Coral Springs, FL 33071
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,492 SF

      Coral Springs Office Building For Rent

      Three-story office building on University Drive in Coral Springs.
      1890 N University Dr, Coral Springs, FL 33071
      View Details
    • Contact for pricing
      1,633 SF

      Coral Springs Office Space Available

      Office space available for lease in Coral Springs, Florida.
      1401 N University Dr, Coral Springs, FL 33071
      View Details
    • $39 SF/Yr

      Coral Springs Medical Office Building

      7,300 SF Freestanding Medical Office
      8901 Atlantic Blvd, Coral Springs, FL 33071
      View Details
    • $16 SF/Yr

      Renovated Medical/Wellness Office Space

      Recently renovated medical space suitable for various practices.
      12462 W Atlantic Blvd, Coral Springs, FL 33071
      View Details
    • $3,762 /Mo
      2,000 SF

      Corner Unit Office/Warehouse For Lease

      Two-story, 2,000 SF office/warehouse in Coral Springs Corporate Park.
      3744 Nw 124Th Ave, Coral Springs, FL 33071
      View Details
    • $17 SF/Yr

      Coral Springs Medical Office Space

      Ground-floor medical office in Coral Springs with functional layout.
      1500 N University Dr, Coral Springs, FL 33071
      View Details
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    Coral Springs, FL 33071
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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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