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Property profile & analytics
FOR LEASE
Office buildings
3111 North University Dr Coral Springs, FL 33065
Entity Owned
~
Est. High Equity
Property ID
US18-0289437
For Lease
1 / 6
$20 SF/Yr
3111 North University Dr, Coral Springs, FL 33065
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
CONCRETE
Total area
152,223 SF
Lot
6.04 ac (262,910 SF)
Zoning code
RM-15
APN
48-41-21-03-0260
UPID
US18-0289437
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
by Request
Owner & transaction history
Bh University Place LLC
Bh University Place LLC
since 2025
Last sale
$215,000
7 recorded transactions
Zoning & alternative use
RM-15 · Coral Springs, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide a low medium density multifamily residential (RM-15) district particularly oriented toward the provision of a suitable social and physical living environment for families or households with children. Parcels so designated shall be limited to locations on or within reasonable proximity to arterial or collector streets and are generally near to scho…
Zone name
Low Medium Density Multiple Family
General category
CIVIC_INSTITUTIONAL
Zone area
559.10 ac
Source
Realmo
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 Coral Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coral Springs 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$659,955
Tax year 2023
Assessed value
$32,938,710
Assessed 2023
Previous assessed
$32,938,710
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$3,943,650
Assessed improvement
$28,995,060
Land market value
$3,943,650
Improvement market value
$28,995,060
Total market value
$32,938,710
Applied tax rate
2,812.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
6
Total area
152,223 SF
Lot
6.04 ac (262,910 SF)
Zoning code
RM-15
APN
48-41-21-03-0260
UPID
US18-0289437
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
RM-15 · Coral Springs, FLZoning RM-15 · permitted uses
RM-15 · Coral Springs, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide a low medium density multifamily residential (RM-15) district particularly oriented toward the provision of a suitable social and physical living environment for families or households with children. Parcels so designated shall be limited to locations on or within reasonable proximity to arterial or collector streets and are generally near to schools, parks or recreation facilities.
Zone name
Low Medium Density Multiple Family
General category
CIVIC_INSTITUTIONAL
Zone area
559.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
6
Buildings
3
Lot
6.04 ac
Current owner
From public records · entity-resolved
Bh University Place LLC
Entity
Mailing address
3111 N UNIVERSITY DR STE #312, CORAL SPRINGS, FL 33065-5058
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2025
—
Bh University Place LLC
Bb University Drive LLC
Deed
related
—
Jul 24, 2025
—
Chris Clymer Clymer
Chris Clymer Clyman
Deed
related
—
Dec 6, 2024
$215,000
M Kalantar Sherwood LLC
George Kouyoumjian
Warranty Deed
—
Aug 31, 2021
$72,600
Chulais LLC
Amy Schwaeber
Trustees Deed
related
—
Jul 15, 2021
—
Bb University Drive LLC
—
Deed
related
$17,489,750 · Pinnacle Bank
Dec 19, 2013
$12,600,000
Bb University Drive LLC
3111 North University Drive Ho
Grant Deed
—
Nov 28, 2012
$1,100
Citigroup Commercial 2005-c3
Cabot North Univ Drive Coc
Trustees Deed
related
—
Mar 16, 2005
—
Cabot North University Drive 1 LLC
Preferred Coral Springs I LLC
Special Warranty Deed
$25,000,000 · Citigroup Global Markets Realty Cor
Sep 8, 2000
$15,591,300
Preferred Coral Springs I LLC
Florida Sunrise Ltd
Grant Deed
$12,472,220 · Transamerica Occidental Life
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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