Property profile

8160 Griffin Rd Davie, FL 33328

OFF-MARKET
Commercial land
Property ID
US19-0432840
900 SF 4.22 ac lot Built 1942
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 9.5-acre development opportunity in Davie, Florida, is located at 8160 Griffin Road, Broward County, zip code 33328. The property, with APN 50-41-28-01-0341, is fully entitled for a 236,968 square foot senior care facility and a 42,000 square foot medical office building. The senior care facility will offer independent living, assisted living, and memory care units, complemented by amenities such as multiple dining venues, a grand lounge, wellness center, dog park, and chapel. Residential units will feature luxury finishes, keyless entry, balconies, and roll-in showers. The medical office building presents a build-to-suit or lease opportunity, catering to the area's growing healthcare needs. This prime location boasts high visibility at the intersection of Griffin Road and University Drive, providing easy access to major thoroughfares including I-595 and the Florida Turnpike. Its proximity to a Publix-anchored shopping center, Starbucks, Baptist Health Urgent Care, and Walmart enhances convenience and community integration. Furthermore, the site benefits from its location near four hospitals and an urgent care facility within a five-mile radius, solidifying its position within a thriving healthcare hub. The asking price for this development-ready site is $16,000,000.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1942
Construction CONCRETE
Total area 900 SF
Lot 4.22 ac (183,620 SF)
Zoning code B-2
APN 50-41-28-01-0341
UPID US19-0432840

Cap rate & NOI

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

Location

8160 Griffin Rd Davie, FL 33328-3814
Davie metro Census 70602 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
$5.1M
2014
$120,000
2006
$120,000
2005
Price N/A
2005
$1.9M
1997
Price N/A

Zoning & alternative use

B-2 · Davie, FL
Zoning description

The B-2 District is intended to implement the commercial designation of the Town of Davie Comprehensive Plan by providing for a business area to service the shopping and limited service needs of several neighborhoods or…

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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