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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2693 University Dr Coral Springs, FL 33065-5127

    • Retail space
    • 12,779 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $2,580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2266790
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 2693 University Dr

    Year built
    1996
    Construction
    CONCRETE
    Lot size
    1.50 lot acres
    Property size
    12,779 SF
    Zone code
    RM-15
    Property type
    Retail space
    APN
    48-41-21-02-1780
    APU
    484121021780

    Description

    This exceptional freestanding retail property, located at 2693 N University Dr in Coral Springs, Florida, presents a unique investment opportunity. The building boasts a substantial 11,809 square feet of space, currently entirely vacant, offering immediate occupancy for a single tenant. Situated on a generous 1.5-acre lot, the property provides ample space for parking and potential expansion. Its prime location in Broward County, within the thriving city of Coral Springs, ensures high visibility and accessibility. The property's single-tenant configuration simplifies management and offers a straightforward leasing strategy. The address, 2693 N University Dr, places the building in a high-traffic area, benefiting from significant daily vehicular and pedestrian traffic. The zip code is 33065. This property is ideal for a variety of retail uses, providing a blank canvas for a discerning business owner to create a thriving enterprise. The substantial square footage and ample land offer significant flexibility in design and layout. The property's size and location make it an attractive proposition for businesses seeking a prominent presence in a dynamic and growing community. This is a rare opportunity to acquire a significant retail space in a desirable location. The property is classified as Retail, Subtype Freestanding, with a Single Tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,895,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2492
    Latitude
    26.2638
    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
    $77,901
    $982,940
    $2,511,630
    $3,494,570
    -
    $982,940
    $2,511,630
    $3,494,570

    Comparable in this City

    • Value Estimation
      $25,035,000
      107,630 SF

      2322 University Dr, Unit 2564

      RETAIL STORES (PERSONAL SERVICES) • 107,630 SF
      2322 University Dr, Coral Springs, FL 33065-5122
      View Details
    • Value Estimation
      $1,100,000
      6,085 SF

      7881 Sample Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,085 SF
      7881 Sample Rd, Coral Springs, FL 33065-4755
      View Details
    • Value Estimation
      $1,470,000
      8,252 SF

      10101-1010 Sample Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,252 SF
      10101-1010 Sample Rd, Coral Springs, FL 33065
      View Details
    • Value Estimation
      $1,595,000
      9,349 SF

      10270 Sample Rd, Unit 10322

      RETAIL STORES (PERSONAL SERVICES) • 9,349 SF
      10270 Sample Rd, Coral Springs, FL 33065-3940
      View Details
    • Value Estimation
      $1,810,000
      10,511 SF

      10361 Sample Rd, Unit 10371

      RETAIL STORES (PERSONAL SERVICES) • 10,511 SF
      10361 Sample Rd, Coral Springs, FL 33065-3941
      View Details
    • Value Estimation
      $3,845,000
      20,874 SF

      9739 Sample Rd, Unit 9801

      RETAIL STORES (PERSONAL SERVICES) • 20,874 SF
      9739 Sample Rd, Coral Springs, FL 33065-4003
      View Details

    Similar Nearby for Sale

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      Retail or office space available in Coral Springs, Florida.
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    • $475,000
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    Similar Nearby for Lease

    • $38 SF/Yr
      1,294 SF

      Turnkey Hair Salon - Coral Springs

      Prime Retail Space, Fully Equipped
      3000 University Dr, Coral Springs, FL 33065
      View Details
    • Contact for pricing
      4,500 SF

      Prime Retail Space, Coral Springs

      Highly visible retail space in the heart of Coral Springs.
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      View Details
    • Contact for pricing
      2,530 SF

      Retail Space in CVS Plaza

      Retail space available in busy Coral Springs shopping center.
      2359-2365 N University Dr, Coral Springs, FL 33065
      View Details
    • $45 SF/Yr
      101,747 SF

      Turnkey Hair Salon in Coral Springs

      Fully built-out hair salon with stations and treatment rooms for lease.
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      View Details
    • $30 SF/Yr
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      Retail Strip on Sample Road

      Well-maintained retail strip with high visibility and ample parking.
      8031 W Sample Rd, Coral Springs, FL 33065
      View Details
    • $23 SF/Yr
      17,900 SF

      Coral Springs Executive Office Space

      Prime Coral Springs location, 701 sq ft available.
      9813 Sample Rd, Coral Springs, FL 33065
      View Details
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    Coral Springs, FL 33065-5127
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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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