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2 South University Dr Plantation, FL 33324

Office buildings Google Maps
42,069 SF 2.23 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$12.56M
Range $11.30M – $13.82M (±10%)
Property ID US18-0265032

Property summary

AI-generated overview

This exceptional Class A office building, Plantation Corporate Center, offers multiple executive office suites in the heart of Broward County, Florida. Located at 2 South University Drive, Plantation, FL 33324, this 56,141 square foot building boasts a prime location and modern amenities. Three suites are currently available, with sizes ranging from a minimum of 1,450 square feet to a maximum contiguous space of 3,775 square feet, providing flexibility for businesses of various sizes. The building was constructed in 1985 and features a generous parking ratio of 4 spaces per 1,000 square feet, ensuring ample parking for tenants and their guests. Currently, 8,789 square feet of space is vacant and ready for immediate occupancy. The building's prestigious "A" classification reflects its high-quality construction, modern design, and desirable location. This is an excellent opportunity to establish a presence in a thriving business community within easy access to major transportation routes and amenities. Contact us today to schedule a viewing and explore the possibilities of making Plantation Corporate Center your new business address.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1986
Construction CONCRETE
Total area 42,069 SF
Lot 2.23 ac (97,089 SF)
Zoning code M-PM
APN 50-41-09-16-0020
UPID US18-0265032

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.56M

Owner & transaction history

since 2022
Last sale
$12.7M
4 recorded transactions
2022
$12.7M
2007
$6.5M
2005
Price N/A
1969
Price N/A

Zoning & alternative use

M-PM · Plantation, FL
Zoning description

The M-PM district provides development standards for Plantation Midtown to promote an orderly transformation of the district from a predominantly suburban development pattern to a denser and more active mixed-use activit…

General category MIXED_USE

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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