Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    5230 University Dr Ste 101d Davie, FL 33328-5319

    Property Lookup

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

    5230 University Dr Ste 101d Davie, FL 33328-5319

    View on Map
    • Office buildings
    • 1,073 SF
    Off-Market
    Last Sale Aug 10, 2021
    $315,300
    Property ID
    US18-2211042
    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

    • Office buildings

    Property Details for 5230 University Dr Ste 101d

    Year built
    2005
    Construction
    CONCRETE
    Property size
    1,073 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    50-41-33-AA-0340
    APU
    504133AA0340

    Description

    This exceptional 1073-square-foot office condo in Davie, Florida, presents a compelling investment opportunity. Located at 5230 S University Dr, Unit 106D, this property boasts a bright and open floor plan, ideal for a variety of commercial uses. The unit features a welcoming front reception area, updated flooring, a modern bathroom, multiple private offices, dedicated meeting rooms, and a functional kitchen area. The space is well-maintained and ready for immediate occupancy. A long-term tenant has occupied the space since 2018, providing a stable income stream for the investor. The building offers ample parking for staff, clients, and visitors, ensuring convenience and accessibility. The condominium association is financially sound, with a well-funded reserve account exceeding the required amount as of July 2024. There are 45 units in total, and the association is free of pending litigation, outstanding assessments, or anticipated special assessments

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.2508
    Latitude
    26.0569
    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
    $6,945
    $32,780
    $295,010
    $327,790
    -
    $32,780
    $295,010
    $327,790

    Comparable in this City

    • Value Estimation by Request
      973 SF

      10620 Griffin Rd, Unit B-107

      OFFICE BUILDING (MULTI-STORY) • 973 SF
      10620 Griffin Rd, Davie, FL 33328-3217
      View Details
    • Value Estimation by Request
      621 SF

      5210 University Dr Ste 104b

      PROFESSIONAL BUILDING • 621 SF
      5210 University Dr Ste 104b, Davie, FL 33328-5315
      View Details
    • Value Estimation by Request
      743 SF

      5220 University Dr Ste 204c

      PROFESSIONAL BUILDING • 743 SF
      5220 University Dr Ste 204c, Davie, FL 33328-5308
      View Details
    • Value Estimation by Request
      1,019 SF

      5220 University Dr Ste 201c

      PROFESSIONAL BUILDING • 1,019 SF
      5220 University Dr Ste 201c, Davie, FL 33328-5308
      View Details
    • Value Estimation by Request
      783 SF

      5200 University Dr Ste 103a

      PROFESSIONAL BUILDING • 783 SF
      5200 University Dr Ste 103a, Davie, FL 33328-5316
      View Details
    • Value Estimation by Request
      743 SF

      5220 University Dr Ste 108c

      PROFESSIONAL BUILDING • 743 SF
      5220 University Dr Ste 108c, Davie, FL 33328-5318
      View Details

    Similar Nearby for Sale

    • $439,000
      783 SF

      Move-in Ready Davie Office Suite

      783 SF office suite in prime Davie location.
      5200 S University Dr, Davie, FL 33328
      View Details
    • Contact for pricing
      1,331 SF

      Office Unit For Sale

      Office unit with an 8.51% CAP rate for sale.
      5599 S University Dr, Davie, FL 33328
      View Details
    • Contact for pricing

      Updated Office Condo For Sale

      1073 Sqft office condo with long-term tenant and ample parking.
      5230 S University Dr, Davie, FL 33328
      View Details
    • $6,200,000
      10,889 SF

      Davie Executive Office Building

      Prime Location, High-End Office Space
      4640 University Dr, Davie, FL 33328
      View Details

    Similar Nearby for Lease

    • $2,650 /Mo

      Davie Office Suite For Lease

      Move-in ready office suite with excellent street visibility in Davie.
      5200 S University Dr, Davie, FL 33328
      View Details
    • $2,300 /Mo

      Office Space For Lease

      Well-maintained office space in Davie, ideal for various businesses.
      5220 S University Dr, Davie, FL 33328
      View Details
    • $45 SF/Yr

      Office Space for Short-Term Rental

      Turn-key office space available for short-term rental.
      5360 S University Dr, Davie, FL 33328
      View Details
    • Contact for pricing
      6,659 SF

      Lauderhill Retail Space For Rent

      Retail space available in a recently renovated Lauderhill shopping center.
      5714-5726 N University Dr, Lauderhill, FL 33328
      View Details
    • $2,100 /Mo

      Updated Unit in Cooper City

      Updated 2-bedroom, 1-bathroom unit in desirable Cooper City.
      5211 SW 91St Ave, Cooper City, FL 33328
      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.
    5230 University Dr Ste 101d
    Davie, FL 33328-5319
    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

    Thank You for Inquiry

    5230 University Dr Ste 101d, Davie, FL, 33328

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!