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Property profile & analytics
OFF-MARKET Estimated value $3,040,000
Office buildings

3157 University Dr Hollywood, FL 33024-2258

12,189 SF 0.82 ac lot Built 1981
Individually Owned ~ Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.86M
Comparable Approach Comparable
$2.76M
Blend (final) Blend
$3.04M
Owner & transaction history
North University Dr Medical Plaza L
North University Dr Medical Plaza L
since 2026
Last sale
$3.2M
6 recorded transactions
2026
$3.2M
2018
Price N/A
2016
$1.9M
2006
$2.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-2 · Hollywood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $4.3M +9.5%
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