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Property profile & analytics
OFF-MARKET
Estimated value
$7,975,000
Retail space
2853 University Dr 2889 Davie, FL 33328-1439
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3817351
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,756 SF
Lot
1.69 ac (73,815 SF)
Zoning code
B-2
APN
50-41-21-12-0021
UPID
US18-3817351
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
$7.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.98M
Owner & transaction history
Nrf X Rolling Hills LLC · 2 yrs held
Nrf X Rolling Hills LLC
since 2024
Last sale
$8.0M
3 recorded transactions
Zoning & alternative use
B-2 · Davie, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.5M
+99.1%
Auto repair, garage
$11.0M
+75.7%
Office building
$10.2M
+62.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Davie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,975,000
ML approach
$7,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$7.98M
Range $7.18M – $8.77M · ±10% · vs last sale $7.98M (Mar 22 2024)
Last sale anchor
$7.98M
Mar 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$425 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$79,529
Tax year 2023
Assessed value
$3,263,390
Assessed 2023
Previous assessed
$3,263,390
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$1,125,680
Assessed improvement
$2,137,710
Land market value
$1,125,680
Improvement market value
$2,137,710
Total market value
$3,263,390
Applied tax rate
2,412.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
10
Total area
18,756 SF
Lot
1.69 ac (73,815 SF)
Zoning code
B-2
APN
50-41-21-12-0021
UPID
US18-3817351
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Davie, FL
Zoning B-2 · permitted uses
B-2 · Davie, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davie. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.5M
AUTO REPAIR, GARAGE
Est. value
$11.0M
OFFICE BUILDING
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$8.7M
INDUSTRIAL (GENERAL)
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$6.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
10
Lot
1.69 ac
Current owner
From public records · entity-resolved
Nrf X Rolling Hills LLC
Entity
Mailing address
5215 OLD ORCH RD STE #880, SKOKIE, IL 60077-1094
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2024
—
Nrf X Rolling Hills LLC
Srh Partners LLC
Re-recorded Document
related
$4,600,000 · Locality Bank
Mar 22, 2024
$7,975,000
Nrf X Rolling Hills LLC
Srh Partners LLC
Special Warranty Deed
$4,600,000 · Locality Bank
Dec 31, 2012
—
Srh Partners LLC
Shoppes Of Rollings Hills INC
Grant Deed
$2,600,000 · Shoppes/rolling Hills INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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