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    3157 N University Dr Hollywood, FL 33024
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    Property profile & analytics

    3157 N University Dr, Hollywood, FL 33024

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    • Office buildings
    • 12,189 SF
    • 0.82 lot acres
    For Sale
    $3,400,000
    View Listing →
    University Drive Frontage Office Building For Sale
    $3,400,000
    12,189 SF

    University Drive Frontage Office Building

    Office building with frontage on University Drive, fully leased.

    3157 N University Dr, Hollywood, FL
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    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
    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
      Market price range: $2.63M - $5.36M
      AI Estimate
      $2,136,000
      Market 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

    Comparable in this City

    • Value Estimation
      $6,115,000
      33,616 SF

      2301 University Dr

      PROFESSIONAL BUILDING (MULTI-STORY)
      2301 University Dr, Pembroke Pines, FL 33024-3617
      View Details
    • Value Estimation by Request
      1,792 SF

      10011 Pnes Blvd Ste, Unit 202

      OFFICE BUILDING (MULTI-STORY)
      10011 Pnes Blvd Ste, Pembroke Pines, FL 33024-6167
      View Details
    • Value Estimation
      $24,470,000
      106,968 SF

      9050 Pnes Blvd

      OFFICE BUILDING (MULTI-STORY)
      9050 Pnes Blvd, Pembroke Pines, FL 33024-6455
      View Details
    • Value Estimation
      $900,000
      3,072 SF

      10011 Pnes Blvdmulti

      OFFICE BUILDING (MULTI-STORY)
      10011 Pnes Blvdmulti, Pembroke Pines, FL 33024-6189
      View Details
    • Value Estimation
      $7,025,000
      34,493 SF

      6067 Hollywood Blvd

      OFFICE BUILDING (MULTI-STORY)
      6067 Hollywood Blvd, Hollywood, FL 33024-7947
      View Details
    • Value Estimation
      $2,320,000
      12,297 SF

      7665 Davie Rd Ext

      OFFICE BUILDING (MULTI-STORY)
      7665 Davie Rd Ext, Hollywood, FL 33024-2600
      View Details

    Similar Nearby for Sale

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      0.25 Acres

      Two Commercial Buildings in Hollywood

      Two commercial buildings near SR-7 redevelopment corridor in Hollywood, FL.
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      0.76 Acres

      Remodeled Medical Office Building

      Freestanding, remodeled medical office with ample parking on corner lot.
      7700 Davie Road Ext, Hollywood, FL 33024
      View Details
    • Contact for pricing

      Ground Floor Retail and Office

      Retail and office spaces available with various amenities.
      4801 S University Dr, Davie, FL 33024
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pembroke Pines Office Space Available

      Centrally located office building with executive suites and traditional spaces.
      9000 Sheridan St, Pembroke Pines, FL 33024
      View Details
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      Class AAA Office Building

      Premier 7-story office building suitable for medical, office, or financial.
      6100 Hollywood Blvd, Hollywood, FL 33024
      View Details
    • Contact for pricing

      Office Space on Taft Street

      Office space for lease with 24-hour access and parking.
      6600 Taft St, Hollywood, FL 33024
      View Details
    • Contact for pricing

      Spacious Office with Private Offices

      Large office space featuring an open floor plan and offices.
      7777 Davie Road Ext, Hollywood, FL 33024
      View Details
    • $60 SF/Yr
      115 SF

      Medical Office Park For Lease

      Prime medical suites available in high-visibility Hollywood location.
      9900-10000 Stirling Rd, Hollywood, FL 33024
      View Details
    • Contact for pricing

      Furnished Executive Suites Available

      Furnished executive suites with receptionist, utilities included, and 24/7 access.
      9000 Sheridan St, Pembroke Pines, FL 33024
      View Details
    View Listing
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    Hollywood, FL 33024
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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