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Property profile & analytics
OFF-MARKET Estimated value $1,130,000
Retail space

5401 University Dr 5437 Lauderhill, FL 33351-5028

4,992 SF 4.76 ac lot Built 1980
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US18-4500112
Property summary
AI-generated overview

Universal Plaza, a 49,506 square foot retail center in Lauderhill, Florida, offers exceptional leasing opportunities. Strategically located on the southwest corner of University Drive and Commercial Boulevard, this property boasts excellent visibility and accessibility. The center features a strong tenant mix, including established businesses such as Starbucks, Chipotle, Tropical Smoothie, and CVS, ensuring a vibrant and high-traffic environment. Two spaces are currently available, with a minimum divisible space of 1,950 square feet and a maximum contiguous space of 5,580 square feet; a total of 10,030 square feet is currently vacant. The property benefits from ample parking and is conveniently situated between the Florida Turnpike and Sawgrass Expressway, providing easy access for customers and employees. High traffic counts of 61,000 AADT on University Drive and 32,000 AADT on Commercial Boulevard further underscore the prime location and significant potential for business growth. This is an ideal opportunity for retailers seeking a high-visibility location within a thriving commercial area in Broward County. The property is classified as a multi-tenant retail space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1980
Construction CONCRETE
Total area 4,992 SF
Lot 4.76 ac (207,381 SF)
Zoning code CG
APN 49-41-16-03-0010
UPID US18-4500112
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.30M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.13M
Owner & transaction history
Ch Retail Fund I & Ft Lauderdale · 9 yrs held
Ch Retail Fund I & Ft Lauderdale
since 2016
7 recorded transactions
2022
Price N/A
2017
Price N/A
2016
$15.7M
2010
$10.0M
2007
Price N/A
2002
$19.2M
2002
$9.9M
Zoning & alternative use
CG · Lauderhill, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

family per diem at fifty (50) dwelling units per acre (RMH-50). 9. Planned Unit Development (PUD). B. Commercial zoning districts. 1. Commercial, Neighborhood (CN). 2. Commercial, Community (CC). 3. Commercial, General (CG). 4. Commercial, Warehouse (CW). 5. Commercial, Office (CO). 6. Commercial, Recreation (CR). C. Industrial zoning district. 1. Industrial…

Zone name Commercial General
General category COMMERCIAL
Zone area 398.58 ac
Source land development regulations
Top alternative use upside
Medical building $1.8M +0.4%
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