Property profile

7050 Commercial Blvd Lauderhill, FL 33319

OFF-MARKET
Drive through restaurants
Property ID
US18-4159638
2,336 SF 0.67 ac lot Built 2004
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,266 square foot freestanding building is situated at 7050 W Commercial Blvd, Lauderhill, FL 33319, conveniently located near the intersection of Commercial Boulevard and University Drive. The property boasts a single-story design and is zoned for commercial use, offering versatility for a variety of businesses. Currently configured as a take-out only restaurant, the space presents a unique opportunity for a new tenant. The previous tenant, a high-performing Popeyes, has relocated to a newly constructed building on an adjacent parcel, highlighting the desirability of this location. Note that the owner will impose restrictions on future restaurant use. The building's prime location within a thriving commercial area ensures high visibility and accessibility, making it an ideal investment for entrepreneurs seeking a well-established and high-traffic location. The property's single-tenant occupancy simplifies management and provides a straightforward investment opportunity. This is a rare chance to acquire a freestanding building in a highly sought-after area of Lauderhill, Florida. The property's zoning allows for a range of commercial uses, subject to owner approval and local regulations. Interested parties are encouraged to explore the possibilities this versatile space offers. Further details regarding the property's specifications and potential uses are available upon request.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,336 SF
Lot 0.67 ac (28,999 SF)
Zoning code CG
APN 49-41-15-14-0100
UPID US18-4159638

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7050 Commercial Blvd Lauderhill, FL 33319-2122
Lauderhill metro Census 60126 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$516k
Blend (final) Blend
$525k

Owner & transaction history

since 2003
4 recorded transactions
2022
Price N/A
2003
$240,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CG · Lauderhill, FL
Zoning description

family per diem at fifty (50) dwelling units per acre (RMH-50). 9. Planned Unit Development (PUD). B. Commercial zoning districts. 1. Commercial, Neighborhood (CN). 2. Commercial, Community (CC). 3. Commercial, General (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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