5230 University DrDavie, FL 33328

Property Details for 5230 University Dr

Year built

2005

Construction

CONCRETE

Property size (Sq ft)

1,073 SF

Zone code

B-3

Property type

Office properties

Property subtype

Office buildings

APN

50-41-33-AA-0340

APU

504133AA0340

Description

This exceptional 1073-square-foot office condo in Davie, Florida, presents a compelling investment opportunity. Located at 5230 S University Dr, Unit 106D, this property boasts a bright and open floor plan, ideal for a variety of commercial uses. The unit features a welcoming front reception area, updated flooring, a modern bathroom, multiple private offices, dedicated meeting rooms, and a functional kitchen area. The space is well-maintained and ready for immediate occupancy. A long-term tenant has occupied the space since 2018, providing a stable income stream for the investor. The building offers ample parking for staff, clients, and visitors, ensuring convenience and accessibility. The condominium association is financially sound, with a well-funded reserve account exceeding the required amount as of July 2024. There are 45 units in total, and the association is free of pending litigation, outstanding assessments, or anticipated special assessments

• CAP approach

  CAP return

  Valuation

  6%

  $420,831

  6.5%

  $388,459

  7%

  $360,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $316,986

  Geo Method

  $316,986

• Alternative Use

  Use

  Valuation

  Residential

  $481,689

  Hospitality

  $441,225

  Educational

  $367,094

  Medical

  $379,719

  Retail

  $571,035

Location Insight

City

Davie

County

Broward

State

Florida

Latitude

26.0569

Longitude

-80.2508

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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