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Property profile & analytics
OFF-MARKET
Estimated value
$16,895,000
Retail space
214 University Dr 268 Plantation, FL 33324-3306
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-0812916
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Construction
CONCRETE
Total area
39,385 SF
Lot
3.72 ac (162,203 SF)
Zoning code
M-PM
APN
50-41-09-03-0010
UPID
US18-0812916
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
$13.88M
CAP Approach
CAP
$10.80M
Comparable Approach
Comparable
$17.49M
Blend (final)
Blend
$16.90M
Owner & transaction history
Mmg Plantation Cp LLC · 4 yrs held
Mmg Plantation Cp LLC
since 2021
Last sale
$17.1M
1 recorded transaction
Zoning & alternative use
M-PM · Plantation, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 activity center characteristic of traditional town center environments.
Zone name
Plantation Midtown District
General category
MIXED_USE
Zone area
710.53 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$20.4M
+36.5%
Industrial (general)
$18.5M
+23.9%
Medical building
$18.4M
+22.8%
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
$18,895,000
ML approach
$13,880,000
CAP Approach
CAP Return
Estimation
6%
$11,695,000
6.5%
$10,795,000
7%
$10,020,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,940,000
Current use
COMMERCIAL (GENERAL)
$20,400,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$18,505,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$18,355,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$16.90M
Range $15.21M – $18.58M · ±10% · vs last sale $17.10M (Dec 21 2021)
Last sale anchor
$17.10M
Dec 21 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
$429 / 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
$220,596
Tax year 2023
Assessed value
$10,157,250
Assessed 2023
Previous assessed
$10,157,250
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$4,055,080
Assessed improvement
$6,102,170
Land market value
$4,055,080
Improvement market value
$6,102,170
Total market value
$10,157,250
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 Sale
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
39,385 SF
Lot
3.72 ac (162,203 SF)
Zoning code
M-PM
APN
50-41-09-03-0010
UPID
US18-0812916
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
M-PM · Plantation, FLZoning M-PM · permitted uses
M-PM · Plantation, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 activity center characteristic of traditional town center environments.
Zone name
Plantation Midtown District
General category
MIXED_USE
Zone area
710.53 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$14.9M
COMMERCIAL (GENERAL)
Est. value
$20.4M
INDUSTRIAL (GENERAL)
Est. value
$18.5M
MEDICAL BUILDING
Est. value
$18.4M
RETAIL STORES Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.72 ac
Current owner
From public records · entity-resolved
Mmg Plantation Cp LLC
Entity
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$17,100,000
Mmg Plantation Cp LLC
Iac Properties
Special Warranty Deed
$4,900,000 · Apollo Bank
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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