1505 N University Dr Coral Springs, FL 33071
Property Lookup
Property profile & analytics
1505 N University Dr Coral Springs, FL 33071
- Office buildings
- 22,925 SF
- 1.00 lot acres
Property ID
US18-4119242
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.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 1505 N University Dr
- Year built
- 1988
- Construction
- CONCRETE
- Lot size
- 1.00 lot acres
- Property size
- 22,925 SF
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 48-41-28-01-1660
- APU
- 484128011660
Description
This exceptional four-story, 22,925-square-foot medical office building in Coral Springs, Florida, presents a compelling owner-user opportunity. Located on over an acre of land with dedicated front and back parking lots, including covered parking, this Class B building boasts eight units, strategically situated on University Drive. The building, constructed in 1993, features a ground floor of 5,214 square feet of medical office space. The second floor, previously a fully equipped surgical suite with overnight recovery capabilities, encompasses 7,300 square feet. The third floor comprises two approximately 2,000-square-foot suites, while the fourth floor offers three suites ranging from 1,000 to 3,000 square feet. Four suites are currently leased, helping to offset operating costs. The property includes a substantial 60kW Kohler generator system powering the entire second floor and essential building systems. Its prime location offers convenient proximity to three major hospitals: Broward Health Coral Springs (1.5 miles), HCA Woodmont Tamarac Hospital (2.8 miles), and North West Medical Center Margate (4.5 miles). The property is zoned B2 and has a lot size of 43,625 square feet. The asking price is $6,700,000. The APN is 484128011660.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $8,045,000
- 6.5%
- $7,425,000
- 7%
- $6,895,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,431,000
- AI Estimate
- $4,671,000
Market price range: $5.87M - $9.72MMarket price range: $3.11M - $8.73M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,515,000 Current use
- MEDICAL BUILDING
- $8,045,000 Change: -6% Conversion: Easy
- WAREHOUSE, STORAGE
- $7,060,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Coral Springs
- County
- Broward
- State
- Florida
- Longitude
- -80.2524
- Latitude
- 26.2496
- 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
$82,259
$654,380
$2,843,720
$3,498,100
-
$654,380
$2,843,720
$3,498,100
