3157 University Dr Hollywood, FL 33024-2258
Individually Owned
~
Est. High Equity
Estimated value (blended)
$1.14M
Range $1.03M – $1.25M (±10%)
Property ID
US19-0291115
Property summary
AI-generated overview
This exceptional 12,189 square foot freestanding medical/office building presents a compelling investment opportunity in the thriving Davie, Florida market. Boasting a prime location on N University Drive, the property enjoys significant visibility with approximately 165 feet of frontage and benefits from high daily traffic counts (47,000 vehicles per day, 2023 FDOT AADT data). Situated on a sizable 0.82-acre lot, the building offers ample parking with 48 spaces. Currently fully leased with six individual units, this property offers immediate cash flow. However, a 3,139 square foot unit may soon become available, presenting an added opportunity for owner-occupancy or expansion. The B-2 zoning allows for a variety of commercial uses, making this a versatile asset. Detailed financial information and an offering memorandum are available upon request. This is a rare chance to acquire a well-positioned, income-generating property with significant upside potential in a densely populated area. The recent price reduction makes this an even more attractive investment.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1981
Construction
CONCRETE
Total area
12,189 SF
Lot
0.82 ac (35,737 SF)
Zoning code
B-2
APN
51-41-03-01-0372
UPID
US19-0291115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Physician Medical Clinic
-
Wedding Service Event Planning
-
Dental Office
-
Medical Clinic
-
Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.86M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$1.14M
Owner & transaction history
since 2026
Last sale
$3.2M
6 recorded transactions
Zoning & alternative use
B-2 · Hollywood, FL
Top alternative use upside
Medical building
$4.3M
+9.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.14M
Value range
$1.03M – $1.25M
±10% around blend
Estimated value / SF
$94 / SF
Confidence
High
10 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$1.03M
blend $1.14M
$1.25M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,189 SF
Lot area
0.82 ac
Year built
1981
Stories
1
APN
51-41-03-01-0372
Assessed value
$1,944,660
Annual tax
$45,019
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.86M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.19M
@ 6.5% CAP return
$3.86M
@ 7% CAP return
$3.59M
4
Sales comparison
Partial preview
Sales approach indication
$2.95M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 12,632 SF
6.1 mi away · 13,992 SF
6.1 mi away · 12,588 SF
6.6 mi away · 12,776 SF
6.9 mi away · 13,385 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.14M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$321
-71%
Submarket 288 sales
$454
-79%
County 1253 sales
$455
-79%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $94/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+9%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.21M
Move the market yield to see immediate price impact.
Value / SF
$264
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$203k
$4.05M
$2.89M
$2.25M
$225k
$4.50M
$3.21M
$2.50M
$248k
$4.95M
$3.54M
$2.75M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$1.95M
1.4 mi · Oct 2025 · $145/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,019
Tax year 2023
Assessed value
$1,944,660
Assessed 2023
Previous assessed
$1,748,270
+11.2% YoY
Effective rate
2.32%
On assessed value
Assessed land
$428,840
Assessed improvement
$1,515,820
Land market value
$428,840
Improvement market value
$1,515,820
Total market value
$1,944,660
Applied tax rate
2,413.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
12,189 SF
Lot
0.82 ac (35,737 SF)
Zoning code
B-2
APN
51-41-03-01-0372
UPID
US19-0291115
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Hollywood, FLZoning B-2 · permitted uses
B-2 · Hollywood, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.82 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-2
Jurisdiction
Hollywood, FL
Recorded code
B-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Hollywood, FL.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3157 University Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
