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

    5500 64Th Ave Davie, FL 33314

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0228011
    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

    • Commercial real estate

    Property Details for 5500 64Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional Davie, Florida property at 5500 SW 64th Avenue presents a unique opportunity for developers. Priced at $3,595,000, the site boasts fully approved plans for a residential community, eliminating the complexities and delays associated with entitlements. The approved plans encompass eight expansive single-family homes, each measuring 3,472 square feet and featuring private pools. Seven stylish townhomes, each with a backyard up to 2,251 square feet, complement the single-family residences. Community amenities include a dog park and a tranquil lake. This prime location offers unparalleled convenience, situated approximately 20 minutes from Fort Lauderdale's city center, providing residents with easy access to a vibrant urban environment. The property's proximity to educational institutions, including Nova Southeastern University, Broward College, and Florida Atlantic University, further enhances its appeal. Recreational opportunities abound, with the Hollywood Hard Rock Casino just 2.1 miles away and Fort Lauderdale International Airport a convenient 8.3 miles distant. This fully approved development project represents a rare opportunity to capitalize on the strong demand for residential properties in this desirable Davie location. The absence of a specified lot size reflects the focus on the approved development plans.

    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
    Davie
    County
    Broward
    State
    Florida
    Longitude
    -80.230437
    Latitude
    26.052834

    Comparable in this City

    • $1,250,000
      0.35 Acres

      Davie Corner Lot Investment Opportunity

      Corner lot in high-visibility area, ideal for diverse commercial uses.
      6404 SW 46Th St, Davie, FL 33314
      View Details
    • $1,200,000
      12,000 SF

      Davie Office & Land Investment

      Prime Davie location, office/residential zoning.
      5221 Orange Dr, Davie, FL 33314
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    • $400,000

      Commercial Office Space on Griffin

      Office space with high visibility and traffic count.
      6848 Griffin Rd, Fort Lauderdale, FL 33314
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    • Contact for pricing

      Corner Office Space Available

      Professional office space in Davie, high-traffic area, convenient location.
      6115 Stirling Rd, Davie, FL 33314
      View Details
    • Contact for pricing

      Davies Flex Space For Sale

      5,850 SF flex space in the Davies industrial corridor.
      4131 SW 47Th Ave, Davie, FL 33314
      View Details
    • Contact for pricing

      Move-in Ready Davie Office Space

      Small, freshly painted office space in a convenient Davie location.
      7320 Griffin Rd, Fort Lauderdale, FL 33314
      View Details

    Similar Nearby for Sale

    • $1,250,000
      0.35 Acres

      Davie Corner Lot Investment Opportunity

      Corner lot in high-visibility area, ideal for diverse commercial uses.
      6404 SW 46Th St, Davie, FL 33314
      View Details
    • $1,200,000
      12,000 SF

      Davie Office & Land Investment

      Prime Davie location, office/residential zoning.
      5221 Orange Dr, Davie, FL 33314
      View Details
    • $400,000

      Commercial Office Space on Griffin

      Office space with high visibility and traffic count.
      6848 Griffin Rd, Fort Lauderdale, FL 33314
      View Details
    • Contact for pricing

      Corner Office Space Available

      Professional office space in Davie, high-traffic area, convenient location.
      6115 Stirling Rd, Davie, FL 33314
      View Details
    • Contact for pricing

      Davies Flex Space For Sale

      5,850 SF flex space in the Davies industrial corridor.
      4131 SW 47Th Ave, Davie, FL 33314
      View Details
    • Contact for pricing

      Move-in Ready Davie Office Space

      Small, freshly painted office space in a convenient Davie location.
      7320 Griffin Rd, Fort Lauderdale, FL 33314
      View Details

    Similar Nearby for Lease

    • $2,995 /Mo

      Renovated Office Space in Davie

      Move-in ready office space in a high-traffic Davie location.
      6958 Griffin Rd, Fort Lauderdale, FL 33314
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    • $2,000 /Mo

      Davie Office Space For Rent

      Centrally located office space near Florida Turnpike and I-95.
      6570 Griffin Rd, Fort Lauderdale, FL 33314
      View Details
    • $1,450 /Mo
      43,560 SF

      Updated Office Space For Lease

      Updated professional office space with ample parking and natural sunlight.
      6115 Stirling Rd, Hollywood, FL 33314
      View Details
    • $0.65 SF/Yr
      12,000 SF

      Stirling Road Office Building

      Prime Dania Beach Office Space
      4485 Stirling Rd, Fort Lauderdale, FL 33314
      View Details
    • $17 SF/Yr

      Davie Warehouse Complex For Rent

      Warehouse complex with flex, industrial, and office spaces available.
      4980 SW 52Nd St, Davie, FL 33314
      View Details
    • $1,600 /Mo

      Davie Office Space For Rent

      First floor office space in prime Davie location for rent.
      6099 Stirling Rd, Davie, FL 33314
      View Details
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    5500 64Th Ave
    Davie, FL 33314
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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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