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    2853 University Dr, Unit 2889 Davie, FL 33328-1439
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    Property profile & analytics

    2853 University Dr, Unit 2889, Davie, FL 33328-1439

    View on Map
    • Retail space
    • 18,756 SF
    • 1.69 lot acres
    Off-Market
    Last Sale Mar 22, 2024
    $7,975,000
    Property ID
    US18-3817351
    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.
    Value Estimations
    $7,975,000
    Show details
    Cap Rate Potential
    3.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2853 University Dr

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.69 lot acres
    Zone code
    B-2
    Property type
    Retail space
    APN
    50-41-21-12-0021
    APU
    504121120021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 29, 2024 — Nrf X Rolling Hills LLC Srh Partners LLC Re-recorded Document · related $4.6M · Locality Bank
    Mar 22, 2024 $7,975,000 Nrf X Rolling Hills LLC Srh Partners LLC Special Warranty Deed $4.6M · Locality Bank
    Dec 31, 2012 — Srh Partners LLC Shoppes Of Rollings Hills INC Grant Deed $2.6M · Shoppes/rolling Hills INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,975,000
      ML approach
      $7,975,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,285,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $12,510,000
      Change: +99% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $11,040,000
      Change: +76% Conversion: Difficult
      OFFICE BUILDING
      $10,225,000
      Change: +63% Conversion: Easy
      COMMERCIAL (GENERAL)
      $8,730,000
      Change: +39% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $8,620,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $6,585,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2516
    Latitude
    26.0848
    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
    $79,529
    $1,125,680
    $2,137,710
    $3,263,390
    -
    $1,125,680
    $2,137,710
    $3,263,390

    Comparable in this City

    • Value Estimation
      $1,525,000
      7,308 SF

      5796 University Dr

      RETAIL STORES (PERSONAL SERVICES)
      5796 University Dr, Davie, FL 33328-6118
      View Details
    • Value Estimation
      $1,630,000
      10,042 SF

      10201 Stirling Rd, Unit 10261

      RETAIL STORES (PERSONAL SERVICES)
      10201 Stirling Rd, Cooper City, FL 33328-6526
      View Details
    • Value Estimation
      $8,955,000
      56,968 SF

      8631 Stirling Rd, Unit 8861

      RETAIL STORES (PERSONAL SERVICES)
      8631 Stirling Rd, Cooper City, FL 33328-5902
      View Details
    • Value Estimation
      $7,795,000
      63,202 SF

      5907 University Dr, Unit 5985

      RETAIL STORES (PERSONAL SERVICES)
      5907 University Dr, Davie, FL 33328-6115
      View Details
    • Value Estimation
      $720,000
      4,132 SF

      8274 Griffin Rd

      RETAIL STORES (PERSONAL SERVICES)
      8274 Griffin Rd, Davie, FL 33328-3715
      View Details
    • Value Estimation
      $1,535,000
      11,082 SF

      8200 Griffin Rd

      RETAIL STORES (PERSONAL SERVICES)
      8200 Griffin Rd, Davie, FL 33328-3715
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.41 Acres

      Davie Retail Space: Prime Location

      Move-in Ready Retail Space in Davie, FL
      4900 University Dr, Davie, FL 33328
      View Details
    • Contact for pricing
      3.41 Acres

      Davie Retail Space - High Visibility

      Prime Davie retail space, 3.41 acres. High-traffic location.
      4900 University Dr, Davie, FL 33328
      View Details
    • $395,000

      Established Flooring Business in Davie, FL

      Profitable Flooring Sales, E2 Visa Eligible
      Davie, FL 33328
      View Details
    • $3,250,000
      1.43 Acres

      Development Opportunity in Fort Lauderdale

      Land approved for office and dining near residential complex.
      Orange Dr, Fort Lauderdale, FL 33328
      View Details
    • $399,000
      783 SF

      Davie Office Suite For Sale

      Move-in ready office suite in prime Davie location.
      5200 S University Dr, Davie, FL 33328
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,125 SF

      Retail Space in Davie, FL

      Retail space available in a high-traffic shopping center.
      5810 S University Dr, Davie, FL 33328
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Cooper City

      Retail space available within a neighborhood shopping center.
      8655-8819 Stirling Rd, Cooper City, FL 33328
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on University Drive

      2,400 SF retail space with high visibility available for rent.
      5101-5199 S University Dr, Davie, FL 33328
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in Cooper City

      Retail space available in a Publix-anchored community center.
      10000 Griffin Rd, Cooper City, FL 33328
      View Details
    • Contact for pricing
      4,100 SF

      Bank Space Available with Drive-Thru

      3,832 SF bank space with drive-thru on 1.3-acre lot.
      3571 S University Dr, Davie, FL 33328
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Ground floor retail and office spaces with various amenities.
      4801 S University Dr, Davie, FL 33328
      View Details
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    Davie, FL 33328-1439
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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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