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Property profile & analytics
OFF-MARKET Estimated value $36,425,000
Community centers

5701 University Dr 5881 Tamarac, FL 33321-4635

229,695 SF 20.17 ac lot Built 1986
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-4247475
Property summary
AI-generated overview

Midway Plaza, a 218,407-square-foot community shopping center, presents a compelling investment opportunity in western Broward County, Florida. Strategically located at the intersection of University Drive and Commercial Boulevard in Tamarac, this established center boasts a prime infill location within a densely populated area, with 195,000 residents residing within a 3-mile radius. Built in 1986, the center is anchored by a Publix supermarket, a key tenant since its inception. A diverse mix of junior anchors complements Publix, including Ross Dress for Less, Dollar Tree, and Five Below, ensuring a strong tenant base and consistent foot traffic. The property offers multiple suite options, ranging from a minimum of 2,323 square feet to a maximum contiguous space of 19,324 square feet. Currently, 35,354 square feet of space is available for lease, providing flexibility for various retail concepts. This well-established center in the Miami-Fort Lauderdale metro area offers a unique opportunity to capitalize on a thriving retail market. The property's strong anchor tenants, high visibility location, and substantial available space make it an attractive proposition for businesses seeking a presence in this dynamic area. The six total suites provide a variety of options for potential tenants.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1986
Construction CONCRETE
Total area 229,695 SF
Lot 20.17 ac (878,786 SF)
Zoning code MU-G
APN 49-41-09-37-0010
UPID US18-4247475
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
$36.43M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$36.43M
Owner & transaction history
Mid Way Plaza Jv LLC · 2 yrs held
Mid Way Plaza Jv LLC
since 2024
Last sale
$36.4M
7 recorded transactions
2025
Price N/A
2024
$36.4M
2024
$3.5M
2024
$3.7M
2017
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
MU-G · Tamarac, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This district is intended to encourage the creation of community-serving mixed commercial and residential development at a higher scale than is appropriate for the MU-N or MU-C districts. The district is intended for use at important nodes in the City on larger sites

Zone name Mixed Use General
General category MIXED_USE
Zone area 112.90 ac
Source Realmo
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