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    Property profile & analytics

    7830 N University Dr Tamarac, FL 33321

    • Commercial land
    • 0.67 lot acres
    For Sale
    View listing
    $1,390,000
    Last Sale
    Feb 19, 2020
    $500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7588657
    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 land

    Property Details for 7830 N University Dr

    Lot size
    0.67 lot acres
    Zone code
    MU-N
    Property type
    Commercial land
    APN
    49-41-03-15-0200
    APU
    494103150200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $805,000
      ML approach
      $890,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.252
    Latitude
    26.2193
    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
    $11,147
    $527,400
    $0.00
    $527,400
    -
    $527,400
    $0.00
    $527,400

    Comparable in this City

    • Value Estimation by Request
      0.67 Acres

      University Dr

      VACANT COMMERCIAL LAND • 0.67 Acres
      University Dr, Tamarac, FL 33321
      View Details
    • Value Estimation
      $20,535,000
      12.55 Acres

      5601 Hiatus Rd

      VACANT COMMERCIAL LAND • 100,000 SF
      5601 Hiatus Rd, Tamarac, FL 33321-6408
      View Details
    • Value Estimation
      $9,365,000
      7.01 Acres

      8601 Mcnab Rd

      VACANT COMMERCIAL LAND • 37,000 SF
      8601 Mcnab Rd, Tamarac, FL 33321-3201
      View Details
    • Value Estimation by Request
      2.33 Acres

      7501 76th St

      VACANT COMMERCIAL LAND • 2.33 Acres
      7501 76th St, Tamarac, FL 33321
      View Details
    • Value Estimation
      $19,830,000
      1.37 Acres

      8251 Mcnab Rd

      VACANT COMMERCIAL LAND • 1.37 Acres
      8251 Mcnab Rd, Tamarac, FL 33321-3216
      View Details
    • Value Estimation by Request
      0.57 Acres

      Mcnab Rd

      VACANT COMMERCIAL LAND • 0.57 Acres
      Mcnab Rd, Tamarac, FL 33321
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.10 Acres

      Tamarac Retail Space For Lease

      High-traffic retail space, 1600+ sq ft.
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      3.45 Acres

      Tamarac Retail Center Investment

      Prime Tamarac retail space available.
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      Tamarac Office Space For Sale

      Prime Corner Office, 1152 sq ft
      7737 University Dr Unit, Tamarac, FL 33321
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    • $429,000

      Tamarac Office Space For Sale

      Prime Corner Office, 1152 sq ft, $429,000
      7737 University Dr, Tamarac, FL 33321
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    • $210,000

      Tamarac Retail Space - $210K

      Established Business Opportunity in Florida
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    • $429,000

      Tamarac Office Space For Sale

      Corner Office, 1152 sq ft, $429,000
      7737 University Dr, Tamarac, FL 33321
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    Similar Nearby for Lease

    • Contact for pricing
      703,930 SF

      Sawgrass Industrial Land Investment

      16-Acre Coral Springs Truck & Trailer Yard
      12798 Wiles Rd, Coral Springs, FL 33321
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    • $30 SF/Yr

      Tamarac Medical Office Space Available

      840 SF medical office space for lease in Tamarac, FL.
      7171 N University Dr, Fort Lauderdale, FL 33321
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    • Contact for pricing
      2,800 SF

      University Commons Retail Spaces

      Tamarac, FL Shopping Center Opportunity
      6702-6852 University Dr, Tamarac, FL 33321
      View Details
    • $19 SF/Yr
      1,200 SF

      Tamarac Office Space For Lease

      1,200 sq ft Office, Retail Space in Tamarac, FL
      7130 Mcnab Rd, Tamarac, FL 33321
      View Details
    • $550 /Mo

      Single Room Office Suite

      Spacious office suite with included amenities in central location.
      8400 N University Dr, Tamarac, FL 33321
      View Details
    • Contact for pricing

      Tamarac House of Worship Space

      Shared Lease: Flexible Worship Space
      6610 University Dr, Tamarac, FL 33321
      View Details
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    Tamarac, FL 33321
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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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