3157 N University Dr Hollywood, FL 33024
Property profile & analytics
3157 N University Dr Hollywood, FL 33024
- Office buildings
- 12,189 SF
- 0.82 lot acres
Property ID
US19-0291115
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.
Location Intelligence
Current Use by Public Records
- Mendelssohn Elana S PHD / Physician / Medical Clinic
- All Four Seasons Events / Wedding Service / Event Planning
- Paul Jeremy Silver Lakes Psc / Dental Office
- ProHealth Primary Care / Medical Clinic
- Mendelssohn Martin G MD / Physician
Property Details for 3157 N University Dr
- Year built
- 1981
- Construction
- CONCRETE
- Lot size
- 0.82 lot acres
- Property size
- 12,189 SF
- Zone code
- B-2
- Property type
- Office buildings
- APN
- 51-41-03-01-0372
- APU
- 514103010372
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,185,000
- 6.5%
- $3,860,000
- 7%
- $3,585,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,764,000
- AI Estimate
- $2,136,000
Market price range: $2.63M - $5.36MMarket price range: $1.75M - $4.08M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,905,000 Current use
- MEDICAL BUILDING
- $4,280,000 Change: +9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hollywood
- County
- Broward
- State
- Florida
- Longitude
- -80.2481
- Latitude
- 26.0371
- 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
$45,019
$428,840
$1,515,820
$1,944,660
-
$428,840
$1,515,820
$1,944,660
