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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15661 Sheridan St Davie, FL 33331

    • Retail space
    • 5,417 SF
    • 0.31 lot acres
    For Lease
    View listing
    $45 SF/Yr
    Last Sale
    Mar 04, 2020
    $2,175,000
    Value Estimations
    $2,785,000
    Cap Rate Potential
    2.7%
    Retail space
    Location Intelligence
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 15661 Sheridan St

    Year built
    2005
    Construction
    CONCRETE
    Lot size
    0.31 lot acres
    Property size
    5,417 SF
    Zone code
    B-2
    Property type
    Retail space
    APN
    51-40-04-11-0012
    APU
    514004110012

    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
      NEIGHBORHOOD: SHOPPING CENTER
      $3,615,000
      Change: +99% Conversion: Moderate
      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 valuation — 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
      $725,000
      35,376 SF

      15451 Sheridan St

      RETAIL STORES (PERSONAL SERVICES) • 35,376 SF
      15451 Sheridan St, Davie, FL 33331-3488
      View Details
    • Value Estimation
      $385,000
      4,072 SF

      4471 Weston Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,072 SF
      4471 Weston Rd, Weston, FL 33331-3199
      View Details
    • Value Estimation
      $630,000
      21,944 SF

      6800 Dykes Rd, Unit 6880

      RETAIL STORES (PERSONAL SERVICES) • 21,944 SF
      6800 Dykes Rd, Southwest Ranches, FL 33331-4663
      View Details
    • Value Estimation
      $560,000
      27,405 SF

      15641 Sheridan St, Unit 15651

      RETAIL STORES (PERSONAL SERVICES) • 27,405 SF
      15641 Sheridan St, Davie, FL 33331-3494
      View Details
    • Value Estimation
      $400,000
      12,157 SF

      4477 Weston Rd, Unit 4497

      RETAIL STORES (PERSONAL SERVICES) • 12,157 SF
      4477 Weston Rd, Weston, FL 33331-3199
      View Details
    • Value Estimation
      $710,000
      15,653 SF

      4473 Weston Rd

      DRUG STORE, PHARMACY • 15,653 SF
      4473 Weston Rd, Weston, FL 33331-3199
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Sheridan Shoppes Retail Opportunity

      Prime retail or medical space in Davie, Florida.
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      Thriving Mobile Pet Grooming Business

      Established, high-growth potential, loyal clientele.
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      Land Surrounded by Residential Communities

      Land with high traffic and easy access to highways.
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    • $115,000

      Established Mobile Pet Grooming Business

      Profitable, turnkey mobile grooming operation in Weston, FL
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      View Details
    • $7,900,000
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      Weston Corporate HQ Building For Sale

      Exceptional corporate HQ in Weston, Florida with building signage.
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    Similar Nearby for Lease

    • 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
    • $20 SF/Yr
      1,800 SF

      Davie Industrial Flex Space

      1,800 SF Flex Space, 10 Acres
      2650 154Th Ave, Davie, FL 33331
      View Details
    • Contact for pricing

      Weston Executive Office Suite

      Furnished Office Suite, Weston, FL
      2731 Executive Park Dr, Weston, FL 33331
      View Details
    • Contact for pricing
      72,560 SF

      Weston Industrial Space Available

      Florida Distribution/Warehouse Space
      2855 Corporate Lk Blvd, Weston, FL 33331
      View Details
    • $28 SF/Yr
      18,319 SF

      Weston HQ Office Space Available

      9,200 SF Executive Office Suite in Weston, FL
      2690 Weston Rd, Weston, FL 33331
      View Details
    • Contact for pricing
      7,948 SF

      Freestanding Office Building on Lake

      Freestanding office building with lake view, renovated lobby, and management.
      3050 Universal Blvd, Weston, FL 33331
      View Details
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    15661 Sheridan St
    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.

    More about this property
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