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

    7850 Commercial Blvd, Unit 7948 Lauderhill, FL 33351-4324

    • Retail space
    • 13,387 SF
    • 5.42 lot acres
    OFF-MARKET
    Value Estimations
    $3,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2720287
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 7850 Commercial Blvd

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    5.42 lot acres
    Property size
    13,387 SF
    Zone code
    CG
    Property type
    Retail space
    APN
    49-41-16-08-0320
    APU
    494116080320

    Description

    This exceptional retail leasing opportunity is situated in the thriving Commercial Blvd Shoppes in Lauderhill, Florida. Located on Commercial Boulevard, west of University Drive in Broward County, this shopping center boasts an impressive lineup of established national tenants including PetSmart, Mattress Firm, Tijuana Flats, Chick-fil-A, Sonic, O'Reilly's, First Watch, and Charley's Philly Steak & Wings. The property offers one available retail space within a larger 2-acre shopping center. This prime location benefits from excellent visibility and high traffic counts, exceeding 106,000 AADT at the intersection. The strategic positioning provides easy access to a newly approved 500-unit apartment complex currently under construction, further enhancing the potential for increased foot traffic and customer base. Furthermore, the center enjoys proximity to Tamarac Village, a recently developed apartment complex with 220 units (completed in 2020) and a second phase of 190 units nearing completion by the end of 2022. This location is ideal for a variety of businesses, including medical, office, or retail establishments, capitalizing on the strong existing tenant mix and significant residential growth in the immediate vicinity. The one-story building offers a versatile space ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,975,000
      6.5%
      $3,670,000
      7%
      $3,405,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,080,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lauderhill
    County
    Broward
    State
    Florida
    Longitude
    -80.256
    Latitude
    26.1932
    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
    $279,953
    $2,830,810
    $7,950,310
    $10,781,120
    -
    $2,830,810
    $7,950,310
    $10,781,120

    Comparable in this City

    • Value Estimation
      $15,400,000
      75,085 SF

      3401 Hiatus Rd, Unit 3495

      RETAIL STORES (PERSONAL SERVICES) • 75,085 SF
      3401 Hiatus Rd, Sunrise, FL 33351-7502
      View Details
    • Value Estimation
      $2,190,000
      15,786 SF

      4938 University Dr, Unit 4956

      RETAIL STORES (PERSONAL SERVICES) • 15,786 SF
      4938 University Dr, Lauderhill, FL 33351-5748
      View Details
    • Value Estimation
      $1,600,000
      7,874 SF

      8471 Commercial Blvd, Unit 8499

      RETAIL STORES (PERSONAL SERVICES) • 7,874 SF
      8471 Commercial Blvd, Tamarac, FL 33351-4319
      View Details
    • Value Estimation
      $4,390,000
      28,956 SF

      4701 University Dr, Unit 4765

      RETAIL STORES (PERSONAL SERVICES) • 28,956 SF
      4701 University Dr, Lauderhill, FL 33351-5743
      View Details
    • Value Estimation
      $7,530,000
      48,042 SF

      5426 University Dr, Unit 5464

      RETAIL STORES (PERSONAL SERVICES) • 48,042 SF
      5426 University Dr, Lauderhill, FL 33351-5005
      View Details
    • Value Estimation
      $2,165,000
      13,402 SF

      5000 University Dr

      RETAIL STORES (PERSONAL SERVICES) • 13,402 SF
      5000 University Dr, Lauderhill, FL 33351-5014
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Retail Space in Lauderhill Plaza

      Retail space available in high-traffic Lauderhill location.
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      Endcap Retail/Office Space Available

      Endcap storefront retail/office space facing University Dr.
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    Similar Nearby for Lease

    • $20 SF/Yr
      1,920 SF

      Lauderhill Retail and Restaurant Spaces

      Retail and restaurant spaces available in high-traffic Lauderhill plaza.
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      Retail Space on University Drive

      Retail spaces for lease in Lauderhill with high visibility.
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      Lauderhill Retail Space Available

      Retail spaces for lease in Lauderhill, Florida.
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      2,854 SF

      Lauderhill Retail Space Available

      Prime University Dr. location, 2,854 sq ft.
      5251 University Dr, Lauderhill, FL 33351
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    • $1.16 SF/Yr
      28,000 SF

      Lauderhill Retail Space For Lease

      Prime Lauderhill retail space, 1440 sq ft, vacant.
      4701 University Dr, Lauderhill, FL 33351
      View Details
    • Contact for pricing
      143,430 SF

      Lauderhill Retail Space For Lease

      Prime Lauderhill retail space, high traffic.
      4462 University Dr, Lauderhill, FL 33351
      View Details
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    Lauderhill, FL 33351-4324
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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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