Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2089 University Dr, Unit 2177 Sunrise, FL 33322-3936

    • Retail space
    • 68,498 SF
    • 6.27 lot acres
    OFF-MARKET
    Value Estimations
    $9,775,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3549612
    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 2089 University Dr

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    6.27 lot acres
    Property size
    68,498 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    49-41-28-04-1190
    APU
    494128041190

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.2584
    Latitude
    26.152
    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
    $213,778
    $3,826,230
    $5,847,070
    $9,673,300
    -
    $3,826,230
    $5,847,070
    $9,673,300

    Comparable in this City

    • Value Estimation
      $1,510,000
      9,684 SF

      2074 University Dr, Unit 2100

      RETAIL STORES (PERSONAL SERVICES) • 9,684 SF
      2074 University Dr, Sunrise, FL 33322-3937
      View Details
    • Value Estimation
      $3,225,000
      19,389 SF

      2800 University Dr, Unit 2834

      RETAIL STORES (PERSONAL SERVICES) • 19,389 SF
      2800 University Dr, Sunrise, FL 33322-2450
      View Details
    • Value Estimation
      $1,685,000
      7,472 SF

      3001 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,472 SF
      3001 University Dr, Sunrise, FL 33322-1610
      View Details
    • Value Estimation
      $1,745,000
      2,573 SF

      2601 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,573 SF
      2601 University Dr, Sunrise, FL 33322-2432
      View Details
    • Value Estimation
      $2,080,000
      12,634 SF

      2100 University Dr, Unit 2128

      RETAIL STORES (PERSONAL SERVICES) • 12,634 SF
      2100 University Dr, Sunrise, FL 33322-3939
      View Details
    • Value Estimation
      $11,810,000
      8,568 SF

      1723-1725 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,568 SF
      1723-1725 University Dr, Plantation, FL 33322
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Upholstery Business Opportunity For Sale

      Profitable upholstery business with equipment, clientele, and growth potential.
      Sunrise, FL 33322
      View Details
    • $54,900

      Turn-Key Restaurant Business Opportunity

      Turn-key restaurant business for sale in Plantation, Florida.
      8357 W Sunrise Blvd, Fort Lauderdale, FL 33322
      View Details
    • $2,500,000

      Sunrise Mixed-Use Property For Sale

      7,000 SF mixed-use property with office, retail, and warehouse space.
      2200 N University Dr, Fort Lauderdale, FL 33322
      View Details
    • $180,000
      2,040 SF

      Plantation Retail Business for Sale

      Established Mattress Store, High-Traffic Location
      1801 Pine Island Rd, Plantation, FL 33322
      View Details
    • $4,000,000

      Retail Plaza in Plantation, Florida

      Retail shopping plaza in a high-traffic Plantation location.
      1806-1856 N Pine Island Rd, Plantation, FL 33322
      View Details
    • Contact for pricing

      Sunrise Retail Investment Opportunity

      High-traffic retail building, excellent location.
      2698 University Dr, Sunrise, FL 33322
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Space in Busy Center

      Retail space available in a high-traffic shopping center.
      10013 Sunset Strip, Sunrise, FL 33322
      View Details
    • $18 SF/Yr

      Sunrise Mixed-Use Opportunity

      Office, retail, and warehouse space available for lease or purchase.
      2200 N University Dr, Fort Lauderdale, FL 33322
      View Details
    • $25 SF/Yr

      Sunrise Retail/Flex Space Available

      Freestanding, fully AC'd retail/flex building with high power.
      2050 N University Dr, Fort Lauderdale, FL 33322
      View Details
    • Contact for pricing
      56,547 SF

      Plantation Crossroads Office Suites

      Prime Plantation Office Space, Redevelopment in 2024
      1816-1860 University Dr, Plantation, FL 33322
      View Details
    • Contact for pricing
      72,490 SF

      8225-8275 Sunset Strip

      Lifestyle centers • 72,490 SF
      8225-8275 Sunset Strip, Sunrise, FL 33322
      View Details
    • Contact for pricing
      41,442 SF

      Jacaranda Square: Plantation Retail

      Plantation retail space, multiple units available.
      1801-1951 Pine Island Rd, Plantation, FL 33322
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2089 University Dr, Unit 2177
    Sunrise, FL 33322-3936
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.