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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Medical Office Space
2245 University Dr Pembroke Pines, FL 33024-3611
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-0795989
Property summary
AI-generated overview
This exceptional medical office building, located at 2245 N University Drive in Pembroke Pines, Florida, presents a unique investment opportunity. Priced at $1,495,000, this fully built-out space offers immediate occupancy and boasts a highly desirable location on the Memorial Pembroke Hospital campus. The convenient proximity to the hospital ensures high visibility and accessibility for patients and medical professionals. Constructed in 1987, the building features four well-appointed exam rooms and several private offices, ideal for a variety of medical practices. Detailed floor plans are available upon request. The property's strategic location on the hospital campus makes it a rare find, with limited availability due to its highly sought-after position. Showings are available after hours or on weekends to accommodate the current practice operating within the building. The property's address is 2245 N University Drive, Pembroke Pines, FL 33024, situated in Broward County. This is a remarkable chance to acquire a thriving medical office space in a prime location with exceptional access to a major hospital. The lot size is not specified. Serious inquiries are encouraged.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Construction
CONCRETE
Total area
3,323 SF
Lot
0.07 ac (3,000 SF)
Zoning code
(B-2)
APN
51-41-10-13-0160
UPID
US18-0795989
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.42M
Owner & transaction history
2245 North University Drive LLC · 1 yrs held
2245 North University Drive LLC
since 2025
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
(B-2) · Pembroke Pines, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
LDC Final Adopted 2 11 2026
Top alternative use upside
Neighborhood: shopping center
$2.2M
+90.0%
Auto repair, garage
$2.0M
+67.7%
Retail stores
$1.8M
+50.0%
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 Pembroke Pines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pembroke Pines 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
$1,630,000
ML approach
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,165,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,215,000
Change: +90% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,955,000
Change: +68% · Conversion: Difficult
RETAIL STORES
$1,750,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,545,000
Change: +33% · Conversion: Easy
OFFICE BUILDING
$1,065,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$1,050,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10% · vs last sale $1.34M (Jan 22 2025)
Last sale anchor
$1.34M
Jan 22 2025
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
$427 / 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
$15,591
Tax year 2023
Assessed value
$739,790
Assessed 2023
Previous assessed
$627,930
+17.8% YoY
Effective rate
2.11%
On assessed value
Assessed land
$180,750
Assessed improvement
$559,040
Land market value
$180,750
Improvement market value
$559,040
Total market value
$739,790
Applied tax rate
2,613.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
3,323 SF
Lot
0.07 ac (3,000 SF)
Zoning code
(B-2)
APN
51-41-10-13-0160
UPID
US18-0795989
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
(B-2) · Pembroke Pines, FLZoning (B-2) · permitted uses
(B-2) · Pembroke Pines, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
LDC Final Adopted 2 11 2026
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
2245 North University Drive LLC
Entity
Mailing address
2245 N UNIVERSITY DR, PEMBROKE PINES, FL 33024-3611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Jan 22, 2025
$1,335,000
2245 North University Drive LLC
Marcy Lynn INC
Warranty Deed
$1,000,000 · Seacoast National 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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