Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$45,125,000
Office buildings
5701 University Dr Parkland, FL 33067-1703
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-7232089
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
2018
Construction
CONCRETE
Total area
74,341 SF
Lot
5.26 ac (228,910 SF)
Zoning code
B-2
APN
48-41-10-10-0011
UPID
US18-7232089
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
by Request
Comparable Approach
Comparable
$39.41M
Blend (final)
Blend
$45.13M
Owner & transaction history
Coral Cc Investors LLC · 9 yrs held
Coral Cc Investors LLC
since 2017
1 recorded transaction
Zoning & alternative use
B-2 · Parkland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B-2 community business district is intended primarily to meet the shopping and personal service needs of several neighborhoods or a substantial territory. B-2 districts may be located along traffic arteries or in concentrated shopping centers.
Zone name
Community Business District
General category
COMMERCIAL
Zone area
27.53 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Parkland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parkland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$45.13M
Range $40.61M – $49.64M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$607 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$509,771
Tax year 2023
Assessed value
$23,299,180
Assessed 2023
Previous assessed
$23,299,180
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$2,918,600
Assessed improvement
$20,380,580
Land market value
$2,918,600
Improvement market value
$20,380,580
Total market value
$23,299,180
Applied tax rate
2,812.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
NONE
Stories
3
Total area
74,341 SF
Lot
5.26 ac (228,910 SF)
Zoning code
B-2
APN
48-41-10-10-0011
UPID
US18-7232089
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Parkland, FLZoning B-2 · permitted uses
B-2 · Parkland, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B-2 community business district is intended primarily to meet the shopping and personal service needs of several neighborhoods or a substantial territory. B-2 districts may be located along traffic arteries or in concentrated shopping centers.
Zone name
Community Business District
General category
COMMERCIAL
Zone area
27.53 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2018
Construction
CONCRETE
Heating
NONE
Stories
3
Lot
5.26 ac
Current owner
From public records · entity-resolved
Coral Cc Investors LLC
Entity
Mailing address
1950 RICHMOND RDTR103, LYNDHURST, OH 44124-3719
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2017
$3,200,000
Coral Cc Investors LLC
Cleveland Clinic Florida
Grant Deed
$26,600,000 · Siemens Fin'l Svcs
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5701 University Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
