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

    2200 N University Dr Fort Lauderdale, FL 33322

    • Industrial properties
    • 7,158 SF
    • 0.44 lot acres
    For Sale
    View listing
    $2,500,000
    Last Sale
    May 30, 2023
    $1,300,000
    Value Estimations
    Cap Rate Potential
    8.3%
    Industrial properties
    Location Intelligence
    Property ID
    US18-9760368
    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

    • Industrial properties

    Property Details for 2200 N University Dr

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    0.44 lot acres
    Property size
    7,158 SF
    Zone code
    B-3
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    49-41-28-04-1184
    APU
    494128041184

    Description

    This exceptional 7,000-square-foot mixed-use property, located at 2200 N University Drive in Sunrise, Florida (zip code 33322), presents a compelling investment opportunity. The building, constructed in 1974 and extensively renovated in 2022, boasts a Class C designation and is currently vacant, offering significant potential for customization. The property features two units and is zoned B3, allowing for a variety of uses. The existing layout includes approximately 4,500 square feet of office/retail space with high-quality tenant improvements, ready for immediate occupancy, and a 2,500-square-foot warehouse component with two loading docks. The high ceilings, measuring 12.5 feet, add to the versatility of the space. The entire 7,000 square feet could be converted into warehouse space if desired. This prime location on University Drive benefits from exceptional visibility and high daily traffic exceeding 20,000 vehicles. The asking price for the entire property is $2,700,000. This presents a rare chance to acquire a well-located, adaptable property with significant upside potential in a thriving Florida market. The lot size is not specified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,325,000
      ML approach
      $1,435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,830,000
      6.5%
      $1,690,000
      7%
      $1,570,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,809,000
      Market price range: $652k - $3.59M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.2567
    Latitude
    26.1515
    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
    $27,607
    $288,740
    $921,480
    $1,210,220
    -
    $288,740
    $921,480
    $1,210,220

    Comparable in this City

    • Value Estimation
      $9,865,000
      49,776 SF

      8320 Sunrise Blvd

      STORE/OFFICE (MIXED USE) • 49,776 SF
      8320 Sunrise Blvd, Plantation, FL 33322-5435
      View Details
    • Value Estimation
      $6,460,000
      29,930 SF

      2520 University Dr, Unit 2650

      STORE/OFFICE (MIXED USE) • 29,930 SF
      2520 University Dr, Sunrise, FL 33322-3055
      View Details
    • Value Estimation
      $3,040,000
      15,491 SF

      2670 University Dr, Unit 2690

      STORE/OFFICE (MIXED USE) • 15,491 SF
      2670 University Dr, Sunrise, FL 33322-2444
      View Details
    • Value Estimation
      $13,045,000
      105,314 SF

      7795 Sunrise Blvd

      MINI-WAREHOUSE, STORAGE • 105,314 SF
      7795 Sunrise Blvd, Plantation, FL 33322
      View Details
    • Value Estimation
      $7,295,000
      45,045 SF

      8489 17th Ct

      MINI-WAREHOUSE, STORAGE • 45,045 SF
      8489 17th Ct, Plantation, FL 33322-5416
      View Details
    • Value Estimation by Request
      396 SF

      10167 Sunrise Blvd Ste, Unit 204

      OFFICE BUILDING (MULTI-STORY) • 396 SF
      10167 Sunrise Blvd Ste, Plantation, FL 33322-7619
      View Details

    Similar Nearby for Sale

    • $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
    • $2,700,000
      7,000 SF

      Sunrise Mixed-Use Investment Opportunity

      7,000 SF, Vacant, High-Traffic Location
      2200 University Dr, Sunrise, FL 33322
      View Details
    • Contact for pricing

      Upholstery Business Opportunity For Sale

      Profitable upholstery business with equipment, clientele, and growth potential.
      Sunrise, FL 33322
      View Details
    • $120,000

      Plantation Restaurant - Turnkey Opportunity

      Established Restaurant, High-Traffic Area, Immediate Occupancy
      Full-Service Restaurant For Sale On Plantation / Sunrise, Plantation, FL 33322
      View Details
    • $850,000

      Plantation Medical Office Building

      Fully occupied, high-income potential.
      10167 Sunrise Blvd, Plantation, FL 33322
      View Details
    • $850,000

      Leased Medical Office Investment

      Leased medical office building, built in 2007, with parking.
      10167 104Th Ave, Plantation, FL 33322
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • 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
      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
    • $23 SF/Yr
      80,414 SF

      Plantation Office Space Sublease

      Office suite available for sublease through September 30, 2028.
      1776 N Pine Island Rd, Plantation, FL 33322
      View Details
    • $32 SF/Yr
      5,193 SF

      Plantation Medical Office Building

      Prime Medical Office, 5,193 SF, Plantation, FL
      1208 University Dr, 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.
    2200 N University Dr
    Fort Lauderdale, FL 33322
    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.