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

    5615 University Dr Coral Springs, FL 33067-2895

    • Gas stations
    • 3,252 SF
    • 1.12 lot acres
    OFF-MARKET
    Last Sale
    Jan 08, 2021
    $5,951,500
    Value Estimations
    $5,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-0933474
    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

    • Gas stations

    Property Details for 5615 University Dr

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.12 lot acres
    Property size
    3,252 SF
    Zone code
    B-2
    Property type
    Gas stations
    APN
    48-41-10-10-0013
    APU
    484110100013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,080,000
      ML approach
      $5,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,073,000
      Market price range: $2.60M - $6.04M

    • Alternative Use

      Use
      Estimation
      SERVICE STATION (FULL SERVICE)
      $4,440,000
      Current use
      OFFICE BUILDING
      $4,325,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Coral Springs
    County
    Broward
    State
    Florida
    Longitude
    -80.2499
    Latitude
    26.2988
    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
    $52,998
    $1,012,870
    $1,443,030
    $2,455,900
    -
    $1,012,870
    $1,443,030
    $2,455,900

    Comparable in this City

    • Value Estimation by Request
      2,781 SF

      State Rd 7th 7

      SERVICE STATION WITH FOOD MART • 2,781 SF
      State Rd 7th 7, Parkland, FL 33067
      View Details
    • Value Estimation by Request
      1,000 SF

      9250 Wiles Rd

      SERVICE STATION WITH FOOD MART • 1,000 SF
      9250 Wiles Rd, Coral Springs, FL 33067-1842
      View Details
    • Value Estimation
      $700,000
      3,477 SF

      5418-5422 University Dr

      SERVICE STATION WITH FOOD MART • 3,477 SF
      5418-5422 University Dr, Coral Springs, FL 33067
      View Details
    • Value Estimation
      $5,895,000
      5,005 SF

      6201 Sample Rd

      SERVICE STATION WITH FOOD MART • 5,005 SF
      6201 Sample Rd, Coral Springs, FL 33067-3174
      View Details
    • Value Estimation
      $610,000
      3,244 SF

      7380 Wiles Rd

      SERVICE STATION WITH FOOD MART • 3,244 SF
      7380 Wiles Rd, Coral Springs, FL 33067-4117
      View Details
    • Value Estimation
      $690,000
      1,560 SF

      8161 Wiles Rd, Unit 8175

      SERVICE STATION WITH FOOD MART • 1,560 SF
      8161 Wiles Rd, Coral Springs, FL 33067-2042
      View Details

    Similar Nearby for Sale

    • $4,300,000

      Gas Station in Coral Springs

      High-visibility gas station on a signalized corner in Coral Springs.
      Coral Springs, FL 33067
      View Details
    • $4,300,000
      0.90 Acres

      Gas Station on High-Visibility Corner

      Free-standing gas station in Coral Springs with value-add potential.
      Coral Springs, FL 33067
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    • $4,300,000
      2,898 SF

      Chevron

      7380 Wiles Rd. - Gas Station
      7380 Wiles Rd, Coral Springs, FL 33067
      View Details
    • $150,000

      Coral Springs Sushi Restaurant Opportunity

      Established sushi restaurant for sale in Coral Springs, Florida.
      8242 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
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    • $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
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    Similar Nearby for Lease

    • $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
      171,490 SF

      Coral Springs Retail Center

      Prime Broward County shopping center space available
      3200-3470 Sample Rd, Coral Springs, FL 33067
      View Details
    • Contact for pricing
      1,585 SF

      Retail Space on University Drive

      Community center retail space available for lease in Coral Springs.
      4601-4683 N University Dr, Coral Springs, FL 33067
      View Details
    • $3,200 /Mo

      Refreshed Corner Suite in Plaza

      Corner suite with private rooms and flexible zoning.
      7400 Wiles Rd, Coral Springs, FL 33067
      View Details
    • $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
    • Contact for pricing
      1,200 SF

      Retail Space on University Drive

      Retail space available in Coral Springs community center.
      4685-4695 N University Dr, Coral Springs, FL 33067
      View Details
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    5615 University Dr
    Coral Springs, FL 33067-2895
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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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