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Property profile & analytics
OFF-MARKET
Estimated value
$11,810,000
Retail space
1723-1725 University Dr Plantation, FL 33322
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4095936
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
CONCRETE
Total area
8,568 SF
Lot
0.24 ac (10,331 SF)
Zoning code
B-2P
APN
49-41-33-08-0030
UPID
US18-4095936
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.81M
Owner & transaction history
Mmg Plantation Square LLC · 5 yrs held
Mmg Plantation Square LLC
since 2021
Last sale
$12.0M
2 recorded transactions
Zoning & alternative use
B-2P · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-2P Central Business District is intended to apply to the principal concentration of retail, office, business and financial institutions in the City and shall be developed as a planned community development. The businesses and services of the central business district include many of those supplied in other types of business districts, but in a size, va…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
237.72 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.3M
+125.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Plantation submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Plantation submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$13,260,000
ML approach
$9,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,320,000
Change: +125% · Conversion: Easy
Blend value · Realmo final
$11.81M
Range $10.63M – $12.99M · ±10% · vs last sale $12.00M (May 25 2021)
Last sale anchor
$12.00M
May 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,378 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,571
Tax year 2023
Assessed value
$1,539,190
Assessed 2023
Previous assessed
$1,542,560
-0.2% YoY
Effective rate
2.05%
On assessed value
Assessed land
$154,970
Assessed improvement
$1,384,220
Land market value
$154,970
Improvement market value
$1,384,220
Total market value
$1,539,190
Applied tax rate
2,212.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
8,568 SF
Lot
0.24 ac (10,331 SF)
Zoning code
B-2P
APN
49-41-33-08-0030
UPID
US18-4095936
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2P · Plantation, FLZoning B-2P · permitted uses
B-2P · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-2P Central Business District is intended to apply to the principal concentration of retail, office, business and financial institutions in the City and shall be developed as a planned community development. The businesses and services of the central business district include many of those supplied in other types of business districts, but in a size, variety and number not generally found elsewhere. It is intended primarily for pedestrian shoppers, and those uses that are not consistent with this principal should be so located as not to interrupt the continuity of retail frontages.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
237.72 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.3M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Mmg Plantation Square LLC
Entity
Free & Clear · 5 yrs held
Mailing address
9171 S DIXIE HWY, PINECREST, FL 33156-2907
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
$12,000,000
Mmg Plantation Square LLC
Plantation Square Ltd
Special Warranty Deed
—
May 3, 2001
—
National Re/sources Plantation
—
Deed Of Trust
related
$5,000,000 · Merrill Lynch Mortgage Lending
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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