Technical
Financial
Distress signals
Property profile

15551 Sheridan St Davie, FL 33331

OFF-MARKET
Turn key restaurants
Property ID
US19-0813741
6,575 SF 0.31 ac lot Built 2005
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,575 square foot restaurant space, formerly a TGI Fridays, is ideally situated at 15551 Sheridan Street in Broward County. Boasting a prominent location closer to I-75 than any other building in the immediate area, this property offers unparalleled visibility and accessibility to a high volume of highway traffic. The single-story building sits on a spacious 13,699 square foot lot, providing ample space for outdoor seating or other potential uses. The existing layout, complete with a fully equipped restaurant and bar, presents a significant advantage for prospective tenants, minimizing initial build-out costs and allowing for a quicker launch. This turnkey opportunity is perfect for established food and beverage chains seeking a high-traffic location or independent restaurateurs looking to establish a thriving business. The property's zoning allows for flexibility beyond restaurant use, with permitted uses including medical and dry retail establishments. However, please note that family entertainment uses such as arcades, bowling alleys, or mini-golf are not permitted. This versatile property offers a unique blend of convenience, visibility, and operational efficiency, making it an attractive investment opportunity in a thriving market. The existing infrastructure provides a solid foundation for a variety of businesses, ensuring a smooth transition and immediate occupancy.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction CONCRETE
Total area 6,575 SF
Lot 0.31 ac (13,699 SF)
Zoning code B-2
APN 51-40-04-11-0013
UPID US19-0813741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15551 Sheridan St Davie, FL 33331-3489
Davie metro Census 110333 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.03M

Owner & transaction history

since 2024
Last sale
$3.0M
4 recorded transactions
2024
Price N/A
2024
$3.0M
2005
$1.3M
1969
Price N/A

Zoning & alternative use

B-2 · Davie, FL
Zoning description

The B-2 District is intended to implement the commercial designation of the Town of Davie Comprehensive Plan by providing for a business area to service the shopping and limited service needs of several neighborhoods or…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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