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Property profile & analytics
OFF-MARKET Estimated value $1,665,000
Retail space

2692 University Dr Sunrise, FL 33322-2496

11,707 SF 0.74 ac lot Built 1976
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US18-5104646
Property summary
AI-generated overview

Sunrise Lakes Plaza, located at 2692 N University Dr in Sunrise, Florida (33322), presents a compelling investment opportunity. This 11,707 square foot Class C retail strip center, built in 1976, sits on a 0.75-acre lot and offers ample parking with 36 spaces. Currently featuring multiple tenancies, one 900 square foot retail space is immediately available, making it ideal for expansion or a new business venture. The property's location in Broward County provides excellent visibility and accessibility, benefiting from high traffic counts on N University Drive. The center's existing infrastructure provides a solid foundation for a variety of retail uses. The property's age presents an opportunity for renovation and modernization to enhance its appeal and increase its market value. This is a chance to acquire a well-situated retail property in a thriving Florida market. The property's size and existing infrastructure offer flexibility for a range of retail businesses. The available space provides an immediate opportunity for occupancy, minimizing vacancy periods and maximizing return on investment. Serious inquiries are encouraged to explore this promising retail investment. The property's location in a busy commercial area ensures high visibility and foot traffic, contributing to a strong potential for business success.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1976
Construction CONCRETE
Total area 11,707 SF
Lot 0.74 ac (32,172 SF)
Zoning code B-3
APN 49-41-28-11-0900
UPID US18-5104646
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.67M
Owner & transaction history
University Drive Realty LLC · 11 yrs held
University Drive Realty LLC
since 2015
3 recorded transactions
2015
$1.9M
2007
$2.1M
1969
Price N/A
Zoning & alternative use
B-3 · Sunrise, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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