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    2200 N University Dr Sunrise, FL 33322
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    2200 N University Dr, Sunrise, FL 33322

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    • Industrial properties
    • 7,158 SF
    • 0.44 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Sunrise, FL Commercial Opportunity For Lease
    $18 SF/Yr
    7,000 SF

    Sunrise, FL Commercial Opportunity

    Office, retail, and warehouse space available for lease or purchase.

    2200 N University Drive, Sunrise, FL 33322
    View Listing
    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.
    Value Estimations
    $1,410,000
    Cap Rate Potential
    8.3%
    Industrial properties
    Location Intelligence

    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
    Zone code
    B-3
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    49-41-28-04-1184
    APU
    494128041184

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 30, 2023 $1,300,000 Ns Investments Services Vii LLC Schreiber Heidt Holdings IV LLC Warranty Deed —
    Oct 25, 2018 — Schreiber Heidt Holdings IV LLC — Deed · related $621k · Republic Bank & Trust Co
    Oct 15, 2018 $100 Schreiber-heidt Hldgs IV LLC Schreiber-heidt Holdings LLC Quit Claim Deed · related —
    Sep 4, 2015 — Schreiber-heidt Holdings IV Ll Schreiber-heidt Holdings LLC Quit Claim Deed · related —
    Oct 23, 2014 $100,000 City Of Sunrise Schreiber-heidt Holdings IV Ll Grant Deed —
    Oct 16, 2012 $570,000 Schreiber Heidt Holdings IV LLC John L Gargiulo Warranty Deed $456k · Gulfshore Bank
    — — Schreiber-heidt Holdings IV Ll — Loan Modification · related $409k · Gulfshore Bk

    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 estimation — 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

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    • Value Estimation
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      29,930 SF

      2520 University Dr, Unit 2650

      STORE/OFFICE (MIXED USE)
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      View Details
    • Value Estimation
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      15,491 SF

      2670 University Dr, Unit 2690

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

      7795 Sunrise Blvd

      MINI-WAREHOUSE, STORAGE
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    • Value Estimation
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      45,045 SF

      8489 17th Ct

      MINI-WAREHOUSE, STORAGE
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      View Details
    • Value Estimation by Request
      396 SF

      10167 Sunrise Blvd Ste, Unit 204

      OFFICE BUILDING (MULTI-STORY)
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      View Details

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      Sunrise, FL Commercial Opportunity

      Office, retail, and warehouse space available for lease or purchase.
      2200 N University Dr, Sunrise, FL 33322
      View Details
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    Sunrise, FL 33322
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    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
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