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    8550 University Dr Tamarac, FL 33321-1720
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    Property profile & analytics

    8550 University Dr, Tamarac, FL 33321-1720

    View on Map
    • Gas stations
    • 2,474 SF
    • 1.23 lot acres
    Off-Market
    Property ID
    US18-4052320
    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.
    Value Estimations
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    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 8550 University Dr

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.23 lot acres
    Zone code
    MU-N
    Property type
    Gas stations
    APN
    49-41-03-15-0260
    APU
    494103150260

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 11, 2014 $3,069,865 Hess Realty LLC Specon Ix LLC Quit Claim Deed · related —
    Aug 21, 2002 $1,800,000 Amerada Hess Facilities Trust University & Southgate Service Grant Deed $4.3M · Canadian Imperial Bank Ttee
    — — Specon Ix LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,145,000
      Market price range: $550k - $1.74M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tamarac
    County
    Broward
    State
    Florida
    Longitude
    -80.2522
    Latitude
    26.2285
    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
    $54,618
    $1,499,150
    $854,670
    $2,353,820
    -
    $1,499,150
    $854,670
    $2,353,820

    Comparable in this City

    • Value Estimation
      $3,525,000
      2,557 SF

      8291 University Dr

      SERVICE STATION WITH FOOD MART
      8291 University Dr, Tamarac, FL 33321-1709
      View Details
    • Value Estimation
      $520,000
      1,050 SF

      7000 University Dr

      SERVICE STATION WITH FOOD MART
      7000 University Dr, Tamarac, FL 33321-2918
      View Details
    • Value Estimation
      $680,000
      2,033 SF

      7705 88th Ave

      SERVICE STATION WITH FOOD MART
      7705 88th Ave, Tamarac, FL 33321-2403
      View Details
    • Value Estimation
      $5,320,000
      25,580 SF

      5801 Madison Ave

      VEHICLE SALES, RENTALS
      5801 Madison Ave, Tamarac, FL 33321-6423
      View Details
    • Value Estimation
      $30,845,000
      29,935 SF

      5901 Madison Ave

      VEHICLE SALES, RENTALS
      5901 Madison Ave, Tamarac, FL 33321-6412
      View Details
    • Value Estimation
      $3,130,000
      60,157 SF

      73rd St

      PARKING LOT
      73rd St, Tamarac, FL 33321
      View Details

    Similar Nearby for Sale

    • $200,000

      Established Smoke Shop Business Opportunity

      Well-established smoke shop in high-traffic Tamarac location for sale.
      6041 N University Dr, Tamarac, FL 33321
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      Tamarac Retail Space For Lease

      1,600 SF retail space with high traffic and natural light.
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      Retail and Office Point Plaza

      Retail, medical, restaurant, and office spaces available for lease.
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    Similar Nearby for Lease

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      3,939 SF

      Modern Retail Space in Tamarac

      New shopping plaza with mixed-use space and fountain patio.
      6570-6596 N University Dr, Tamarac, FL 33321
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    • Contact for pricing
      40,000 SF

      Tamarac Marketplace Retail Space

      Retail space available in busy Tamarac Marketplace shopping center.
      10010-10098 W Mcnab Rd, Tamarac, FL 33321
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    • Contact for pricing
      3,939 SF

      New Retail Space Available

      Contemporary shopping plaza with mixed-use restaurant space for rent.
      6510-6560 N University Dr, Tamarac, FL 33321
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      19,145 SF

      Retail Space in Tamarac, Florida

      Retail property with high visibility and strong local tenants.
      6702-6850 N University Dr, Tamarac, FL 33321
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    • Contact for pricing
      2,860 SF

      Retail/Medical Outparcel Near Publix

      Freestanding 2,860 SF retail/medical space adjacent to Publix.
      8201 NW 88Th Ave, Tamarac, FL 33321
      View Details

    Property Visit Statistics

    • Visits by month
      26.1k
    • Visitors by month
      15.2k
    • Avg Time on site
      8 min
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    Tamarac, FL 33321-1720
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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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    8550 University Dr, Tamarac, FL, 33321
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