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

    5491 University Dr, Unit 2-101 Coral Springs, FL 33067-4644

    • Office buildings
    • 705 SF
    OFF-MARKET
    Value Estimations
    $665,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0840044
    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 5491 University Dr

    Year built
    2004
    Construction
    CONCRETE
    Property size
    705 SF
    Zone code
    B-2
    Property type
    Office buildings
    APN
    48-41-10-AD-0280
    APU
    484110AD0280

    Description

    This exceptional 1868+ square foot office space is ideally situated in the Coral Springs Professional Campus at 5491 N University Drive, Coral Springs, FL 33067. Built in 2004, this second-floor unit offers convenient elevator and stair access. The layout includes a spacious conference room, four private offices, a welcoming reception area, a fully equipped kitchen, and two bathrooms. The open plan area easily accommodates twelve or more cubicles. Abundant natural light floods the space, creating a bright and productive work environment. Ample parking is available near the building's entrance and University Drive. The well-maintained and updated complex boasts recently installed new roofs, making it suitable for a variety of uses, including medical practices. The association fee covers insurance, providing added value and peace of mind. This property presents a fantastic opportunity for businesses seeking a functional, well-located, and attractive office space in a thriving area with easy access to the Sawgrass Expressway, Fort Lauderdale, and West Palm Beach. The asking price is $749,900. The lot size is not applicable to this unit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2471
    Latitude
    26.2984
    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
    $4,541
    $19,610
    $176,450
    $196,060
    -
    $19,610
    $176,450
    $196,060

    Comparable in this City

    • Value Estimation
      $2,195,000
      9,789 SF

      4700 Riverside Dr

      OFFICE BUILDING • 9,789 SF
      4700 Riverside Dr, Coral Springs, FL 33067-1895
      View Details
    • Value Estimation
      $1,965,000
      6,986 SF

      5471 University Dr

      OFFICE BUILDING • 6,986 SF
      5471 University Dr, Coral Springs, FL 33067-4634
      View Details
    • Value Estimation
      $540,000
      1,798 SF

      7351 Wiles Rd Ste, Unit 101

      OFFICE BUILDING (MULTI-STORY) • 1,798 SF
      7351 Wiles Rd Ste, Coral Springs, FL 33067-4106
      View Details
    • Value Estimation
      $2,285,000
      987 SF

      7301 Wiles Rd Ste, Unit 105

      OFFICE BUILDING (MULTI-STORY) • 987 SF
      7301 Wiles Rd Ste, Coral Springs, FL 33067-4105
      View Details
    • Value Estimation
      $2,280,000
      932 SF

      7301 Wiles Rd Ste, Unit 107

      OFFICE BUILDING (MULTI-STORY) • 932 SF
      7301 Wiles Rd Ste, Coral Springs, FL 33067-4105
      View Details
    • Value Estimation by Request
      903 SF

      7501 Wiles Rd Ste, Unit 107

      OFFICE BUILDING (MULTI-STORY) • 903 SF
      7501 Wiles Rd Ste, Coral Springs, FL 33067-2063
      View Details

    Similar Nearby for Sale

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      Pompano Beach Office Condo For Sale

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      Professional/Medical Office Condo in Coral Springs

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    • $579,000
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      Completely Redone Executive Office Suite

      Turnkey Coral Springs office suite with modern amenities and flexible layout.
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    Similar Nearby for Lease

    • $750 /Mo
      41,478 SF

      Coral Springs Executive Suites Available

      Private executive suites available in Coral Springs Professional Campus.
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    • $240 SF/Yr
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      Coral Springs Medical Office Suite

      Modern dental office space available.
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    • $102 SF/Yr
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      Coral Springs Executive Suites

      Prestigious A-Class Office Suites in Coral Springs
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    • $1,900 /Mo
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      Boutique Office Space in Coral Springs

      Upscale office suite with shared amenities near Sawgrass and Turnpike.
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    • $3,200 /Mo

      Refreshed Corner Suite in Plaza

      Corner suite with private rooms and flexible zoning.
      7400 Wiles Rd, Coral Springs, FL 33067
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    • $24 SF/Yr
      5,865 SF

      Coral Springs Retail/Office End-Cap Unit

      Prime end-cap unit in a busy Coral Springs retail center.
      7600 Wiles Rd, Coral Springs, FL 33067
      View Details
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    Coral Springs, FL 33067-4644
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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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