Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5033 89th Way Coral Springs, FL 33067-1916

    • Assisted living facilities
    • 2,625 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Aug 20, 2024
    $505,000
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3612201
    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

    • Assisted living facilities

    Property Details for 5033 89th Way

    Year built
    1985
    Construction
    CONCRETE
    Lot size
    0.26 lot acres
    Property size
    2,625 SF
    Zone code
    RS-3,4,5
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    48-41-10-01-4830
    APU
    484110014830

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $505,000
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $398,000
      Market price range: $98.6k - $538k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $810,000
      RETAIL STORES
      $785,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2457
    Latitude
    26.2924
    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
    $13,963
    $134,990
    $516,790
    $651,780
    -
    $134,990
    $516,790
    $651,780

    Comparable in this City

    • Value Estimation by Request
      2,253 SF

      5182 58th Ter

      HOMES (RETIRED, NURSING) • 2,253 SF
      5182 58th Ter, Coral Springs, FL 33067-2143
      View Details
    • Value Estimation by Request
      2,296 SF

      5783 48th Dr

      HOMES (RETIRED, NURSING) • 2,296 SF
      5783 48th Dr, Coral Springs, FL 33067-4001
      View Details
    • Value Estimation by Request
      2,490 SF

      6513 55th St

      HOMES (RETIRED, NURSING) • 2,490 SF
      6513 55th St, Coral Springs, FL 33067-2710
      View Details
    • Value Estimation
      $25,575,000
      188,131 SF

      5901 Loxahatchee Rd

      HOMES (RETIRED, NURSING) • 188,131 SF
      5901 Loxahatchee Rd, Parkland, FL 33067-3909
      View Details
    • Value Estimation by Request
      2,290 SF

      5430 57th Way

      HOMES (RETIRED, NURSING) • 2,290 SF
      5430 57th Way, Coral Springs, FL 33067-3513
      View Details
    • Value Estimation
      $535,000
      2,241 SF

      4664 58th Ter

      HOMES (RETIRED, NURSING) • 2,241 SF
      4664 58th Ter, Coral Springs, FL 33067-2115
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.45 Acres

      Commercial Lot in Coral Springs

      Commercial lot suitable for a drive-through building.
      8191 Wiles Rd, Coral Springs, FL 33067
      View Details
    • $99,000

      Sushi-Thai-Japanese Restaurant in Coral Springs

      Restaurant in busy plaza with indoor and outdoor seating.
      6287 W Sample Rd, Pompano Beach, FL 33067
      View Details
    • New
      $690,000
      1,750 SF

      Pompano Beach Office Condo For Sale

      1,750 sq ft office condo in Coral Springs/Parkland area.
      5401 N University Dr, Pompano Beach, FL 33067
      View Details
    • $699,900

      Professional/Medical Office Condo in Coral Springs

      1,750 sq ft office condo in Coral Springs/Parkland area.
      5401 N University Dr, Coral Springs, FL 33067
      View Details
    • $435,000
      1,092 SF

      Professional Office in Coral Springs

      Professional office space for sale in Coral Springs, Florida.
      5401 N University Dr, Coral Springs, FL 33067
      View Details
    • $725,000

      Corner Office Unit For Sale

      Prime office space in a bustling commercial hub.
      5411 N University Dr, Pompano Beach, FL 33067
      View Details

    Similar Nearby for Lease

    • $240 SF/Yr
      2,100 SF

      Coral Springs Medical Office Suite

      Modern dental office space available.
      5521 University Dr, Coral Springs, FL 33067
      View Details
    • $102 SF/Yr
      3,722 SF

      Coral Springs Executive Suites

      Prestigious A-Class Office Suites in Coral Springs
      5411 University Dr, Coral Springs, FL 33067
      View Details
    • $1,900 /Mo
      5,214 SF

      Boutique Office Space in Coral Springs

      Upscale office suite with shared amenities near Sawgrass and Turnpike.
      5421 N University Dr, Coral Springs, FL 33067
      View Details
    • $2,895,000
      4,058 SF

      Coral Springs Retail/Bank Space

      Retail or bank space with drive-thru in Coral Springs.
      4101 Turtle Creek Dr, Coral Springs, FL 33067
      View Details
    • Contact for pricing

      Coral Springs Executive Suite Office

      Private Office, 200 sq ft, All-Inclusive
      5571 University Dr, Coral Springs, FL 33067
      View Details
    • $750 /Mo
      41,478 SF

      Coral Springs Executive Suites Available

      Private executive suites available in Coral Springs Professional Campus.
      5411 N University Dr, Coral Springs, FL 33067
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5033 89th Way
    Coral Springs, FL 33067-1916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.