5401 University DrCoral Springs, FL 33067

Property Details for 5401 University Dr

Year built

2005

Construction

CONCRETE

Property size (Sq ft)

2,054 SF

Zone code

B-2

Property type

Office properties

Property subtype

Office buildings

APN

48-41-10-AD-0560

APU

484110AD0560

Description

This exceptional Class A office space, located in the prestigious Coral Springs Professional Campus, presents a unique investment opportunity. The 1,750 square foot unit is situated on the second floor of a two-story building, conveniently accessible via elevator. Boasting a desirable corner location, this 2005-built property offers abundant natural light. The functional layout includes a welcoming reception area, a dedicated conference room perfect for client meetings, a convenient kitchenette, a restroom, and a sizable storage/printer room. The open work area provides ample space for employees, complemented by two private corner offices, each benefiting from the natural light. The property is zoned B2 and features the following APN numbers: 4841 10 AD 0820; 4841 10 AD 0830; 4841 10 AD 0840. Its address is 5401 N University Dr Unit 204, Coral Springs, FL 33067, offering easy access to the Sawgrass Expressway, ensuring convenient commutes for both employees and clients. The asking price for this turnkey office space is $700,000. This represents a compelling opportunity to acquire a well-maintained, highly functional office space in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $491,785

  6.5%

  $453,955

  7%

  $421,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $396,853

  Geo Method

  $396,853

• Alternative Use

  Use

  Valuation

  Residential

  $562,904

  Hospitality

  $515,617

  Educational

  $428,987

  Medical

  $443,741

  Retail

  $667,314

Location Insight

City

Coral Springs

County

Broward

State

Florida

Latitude

26.2984

Longitude

-80.2471

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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