2585 University Dr Sunrise, FL 33322-3054
- Specialty properties
- 2,520 SF
- 0.24 lot acres
Current Use by Public Records
- Animal Hospital of University Drive / Animal Hospital / Emergency Veterinarian Service
Property Details for 2585 University Dr
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 0.24 lot acres
- Property size
- 2,520 SF
- Zone code
- B-3
- Property type
- Specialty properties
- APN
- 49-41-28-08-1440
- APU
- 494128081440
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $750,000
- 6.5%
- $710,000
- 7%
- $680,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $755,000
- Geo Method
- $725,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $675,000
- Retail
- $700,000
- Mixed-Use
- $725,000
- Hospitality
- $575,000
- Educational
- $720,000
- Residential Income
- $660,000
- Energy
- $710,000
- Income-Based Land
- $525,000
- Food Service
- $535,000
Location Insight
- Map
- Local Demand
- City
- Sunrise
- County
- Broward
- State
- Florida
- Longitude
- -80.2577
- Latitude
- 26.1561
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
