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Property profile

2585 University Dr Sunrise, FL 33322

OFF-MARKET
Specialty properties
Property ID
US18-4614913
2,520 SF 0.24 ac lot Built 1979
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This fee-simple medical office building presents a compelling investment opportunity. Located at 2585 N University Dr, Sunrise, FL 33322, this 2,500 square foot property is 100% occupied by Heartland Vet Partners, operating as Animal Hospital of University Drive, under a Net Lease agreement. The lease commenced June 1, 2021, and has approximately six years remaining, with two, three-year renewal options and 1.0% annual rent increases. The property boasts a 6.50% cap rate and a current NOI of $65,000. Situated on a 0.24-acre lot, the building was constructed in 1980 and benefits from a corporate guarantee. The property enjoys a prime location in a dense commercial corridor with high traffic volume (55,500 vehicles daily) and a large population base (over 458,000 residents within a five-mile radius). The area has experienced significant population growth (14.2% since 2010), and the property is near major retailers including Home Depot, Starbucks, Lowe's, Walmart, and several grocery stores. Sunrise's strategic location in Broward County provides easy access to major South Florida cities, contributing to its strong economic growth and making this a secure, long-term investment with a nationally renowned veterinary operator. The asking price is $1,000,000.

Property profile

Verified
Property type Specialty properties
Use group VETERINARY, ANIMAL HOSPITAL
Year built 1979
Construction CONCRETE
Total area 2,520 SF
Lot 0.24 ac (10,602 SF)
Zoning code B-3
APN 49-41-28-08-1440
UPID US18-4614913

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k

Owner & transaction history

since 2025
Last sale
$675,000
2 recorded transactions
2025
$675,000
2013
$500,000

Zoning & alternative use

B-3 · Sunrise, FL
Zoning description

To arterial streets and trafficways where business establishments primarily not of a neighborhood or community service type may properly locate to serve large sections of the city and metropolitan area

General category COMMERCIAL
Top alternative use upside
Commercial (general) $720,000 +61.2%
Neighborhood: shopping center $575,000 +29.5%
Auto repair, garage $510,000 +14.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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