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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    490 Sawgrass Corporate Pkwy Ste, Unit 130 Sunrise, FL 33325-6252

    • Office buildings
    • 2,352 SF
    OFF-MARKET
    Last Sale
    Nov 08, 2022
    $700,000
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3608136
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 490 Sawgrass Corporate Pkwy Ste

    Year built
    1998
    Construction
    CONCRETE
    Property size
    2,352 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    50-40-03-AC-0040
    APU
    504003AC0040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $545,000
      ML approach
      $635,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $890,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sunrise
    County
    Broward
    State
    Florida
    Longitude
    -80.3308
    Latitude
    26.1275
    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
    $11,889
    $52,470
    $472,250
    $524,720
    -
    $52,470
    $472,250
    $524,720

    Comparable in this City

    • Value Estimation
      $8,425,000
      20,814 SF

      13790-1379 4th St

      OFFICE BUILDING • 20,814 SF
      13790-1379 4th St, Sunrise, FL 33325
      View Details
    • Value Estimation
      $515,000
      1,579 SF

      480 Sawgrass Corporate Pkwy Ste 120a

      OFFICE BUILDING (MULTI-STORY) • 1,579 SF
      480 Sawgrass Corporate Pkwy Ste 120a, Sunrise, FL 33325-6257
      View Details
    • Value Estimation
      $4,700,000
      25,530 SF

      400 Sawgrass Corporate Pkwy

      OFFICE BUILDING (MULTI-STORY) • 25,530 SF
      400 Sawgrass Corporate Pkwy, Sunrise, FL 33325-6269
      View Details
    • Value Estimation
      $870,000
      3,002 SF

      440 Sawgrass Corporate Pkwy Ste, Unit 206

      OFFICE BUILDING (MULTI-STORY) • 3,002 SF
      440 Sawgrass Corporate Pkwy Ste, Sunrise, FL 33325-6237
      View Details
    • Value Estimation
      $800,000
      2,512 SF

      490 Sawgrass Corporate Pkwy Ste, Unit 320

      OFFICE BUILDING (MULTI-STORY) • 2,512 SF
      490 Sawgrass Corporate Pkwy Ste, Sunrise, FL 33325-6254
      View Details
    • Value Estimation
      $2,110,000
      7,260 SF

      490 Sawgrass Corporate Pkwy Ste, Unit 300

      OFFICE BUILDING (MULTI-STORY) • 7,260 SF
      490 Sawgrass Corporate Pkwy Ste, Sunrise, FL 33325-6254
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.30 Acres

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      Prime Davie office, 3,000 sq ft, 9 offices, conference room.
      351 136Th Ave, Davie, FL 33325
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      Warehouse/Office Space Near Highway

      1,733 sq ft warehouse/office space near highway.
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      Party rental business with inventory and established customer base.
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      Plantation Luxury Townhome Project

      Shovel-ready land for a 4-unit luxury townhome project.
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      Davie, FL Business Opportunity

      Profitable Shipping & Packing Business - High Traffic Area
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    Similar Nearby for Lease

    • Contact for pricing
      108,000 SF

      New Class A Office Building

      Modern 108,000 SF Class A office building for lease.
      13670 Northwest 12Th St, Fort Lauderdale, FL 33325
      View Details
    • $0.01 SF/Yr
      34,904 SF

      Sunrise Office Space for Lease

      Modern, renovated office suite - 6390 sq ft
      13680 5 St, Sunrise, FL 33325
      View Details
    • $21 SF/Yr
      3,100 SF

      Sunrise Office Space Available

      Office space available for lease in Sunrise, Florida.
      440-480 Sawgrass Corporate Pkwy, Sunrise, FL 33325
      View Details
    • $24 SF/Yr
      660 SF

      Plantation Office Suites For Rent

      Affordable office suites available for immediate occupancy in Plantation, Florida.
      7421-7497 NW 4Th Mnr, Plantation, FL 33325
      View Details
    • $21 SF/Yr

      Renovated Office Space in Sunrise

      Recently renovated office space featuring private offices and ample parking.
      440 Sawgrass Corporate Pkwy, Sunrise, FL 33325
      View Details
    • $27 SF/Yr

      Turnkey Ready Executive Office Space

      Executive office space available for lease in Davie, Florida.
      Davie, FL 33325
      View Details
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    Sunrise, FL 33325-6252
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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.

    More about this property
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