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    15661 Sheridan St Davie, FL 33331
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    Property profile & analytics

    15661 Sheridan St, Davie, FL 33331

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    • Retail space
    • 5,417 SF
    • 0.31 lot acres
    For Lease
    $45 SF/Yr
    View Listing →
    Prime Retail Leasing Opportunity For Lease
    $45 SF/Yr
    3,000 SF

    Prime Retail Leasing Opportunity

    Retail/commercial/medical space in busy Davie location.

    15661 Sheridan St, Davie, FL 33331
    View Listing
    Property ID
    US18-9911410
    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.
    Value Estimations
    $2,140,000
    Cap Rate Potential
    2.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 15661 Sheridan St

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Zone code
    B-2
    Property type
    Retail space
    APN
    51-40-04-11-0012
    APU
    514004110012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2025 — Omsa 505 Re LLC — Deed · related $3.6M · Ocean Bank
    Mar 4, 2020 $2,175,000 Omsa Ents LLC Jaf Holding Co LLC Warranty Deed $1.7M · Td Bk NA
    Nov 18, 2011 $1,200,000 Jaf Holding Co LLC Moca Shoppes LLC Warranty Deed $985k · Totalbank
    Nov 18, 2008 $1,185,000 Moca Shoppes LLC Sheridan Shoppes C LLC Warranty Deed —
    Apr 18, 2007 — Sheridan Shoppes C LLC Sheridan Shoppes C Quit Claim Deed —
    Nov 15, 2004 $275,000 Sheridan Shoppes Southwest Broward Theaters Hol Grant Deed —
    — — Jaf Holding Co LLC — Deed Of Trust · related $328k · Florida Business Dev Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,835,000
      ML approach
      $2,820,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,625,000
      Market price range: $1.24M - $2.63M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,815,000
      Current use
      OFFICE BUILDING
      $3,420,000
      Change: +89% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,190,000
      Change: +76% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,520,000
      Change: +39% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $2,490,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $1,900,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.357
    Latitude
    26.0302
    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
    $37,657
    $272,760
    $1,522,140
    $1,794,900
    -
    $272,760
    $1,522,140
    $1,794,900

    Comparable in this City

    • Value Estimation
      $6,070,000
      27,405 SF

      15641 Sheridan St, Unit 15651

      RETAIL STORES (PERSONAL SERVICES)
      15641 Sheridan St, Davie, FL 33331-3494
      View Details
    • Value Estimation
      $5,500,000
      35,376 SF

      15451 Sheridan St

      RETAIL STORES (PERSONAL SERVICES)
      15451 Sheridan St, Davie, FL 33331-3488
      View Details
    • Value Estimation
      $1,190,000
      4,072 SF

      4471 Weston Rd

      RETAIL STORES (PERSONAL SERVICES)
      4471 Weston Rd, Weston, FL 33331-3199
      View Details
    • Value Estimation
      $5,010,000
      21,944 SF

      6800 Dykes Rd, Unit 6880

      RETAIL STORES (PERSONAL SERVICES)
      6800 Dykes Rd, Southwest Ranches, FL 33331-4663
      View Details
    • Value Estimation
      $3,310,000
      12,157 SF

      4477 Weston Rd, Unit 4497

      RETAIL STORES (PERSONAL SERVICES)
      4477 Weston Rd, Weston, FL 33331-3199
      View Details
    • Value Estimation
      $2,975,000
      4,896 SF

      15891 Sheridan St

      FINANCIAL BUILDING
      15891 Sheridan St, Southwest Ranches, FL 33331-3487
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sheridan Shoppes Retail Opportunity

      Prime retail space in Davie near major anchors.
      15661 Sheridan St, Davie, FL 33331
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      Prime Weston Road Free-Standing Property

      Free-standing building on Weston Road, a highly visible location.
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      Thriving Mobile Pet Grooming Business

      Established, high-growth potential, loyal clientele.
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      Davie Land Opportunity

      Land available in Broward County.
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    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Retail Space in Weston, Florida

      Retail space available in affluent Weston, Florida near I-75.
      4501 Weston Rd, Weston, FL 33331
      View Details
    • $45 SF/Yr
      13,639 SF

      Prime Retail Leasing Opportunity

      Retail/commercial/medical space in busy Davie location.
      15661 Sheridan St, Davie, FL 33331
      View Details
    • Contact for pricing

      Retail Space in Coquina Plaza

      Retail space for lease in Publix-anchored Coquina Plaza.
      15701-15801 Sheridan St, Southwest Ranches, FL 33331
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space Near Interstate 75

      Retail space anchored by Publix with high traffic exposure.
      15701 Sheridan St, Fort Lauderdale, FL 33331
      View Details
    • $10,000 /Mo

      Operating Nursery in Sunshine Ranches

      1.5-acre nursery with income potential in Sunshine Ranches.
      4680 SW 148Th Ave, Southwest Ranches, FL 33331
      View Details
    • Contact for pricing
      4,229 SF

      Freestanding Building on Weston Road

      Prime freestanding building in a highly visible Weston location.
      4471 Weston Rd, Weston, FL 33331
      View Details
    View Listing
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    Davie, FL 33331
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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.

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