817 University DrPlantation, FL 33324

Property Details for 817 University Dr

Year built

1991

Construction

CONCRETE

Property size (Sq ft)

3,865 SF

Zone code

M-PM

Property type

Office properties

Property subtype

Office buildings

APN

50-41-09-AG-0012

APU

504109AG0012

Description

This 5,288-square-foot Class B medical office condominium is situated on a 3-acre lot in Plantation, Florida, at 817 S University Dr, 33324. Built in 1991, this owner-user investment opportunity is priced at $2,325,000 ($439.67/SF). The property, zoned M-PM, features 11 offices, two conference rooms, two copy rooms, three open office cubicles and file areas, a kitchen and lounge, a large reception area, and separate men's and women's restrooms. Previously used as medical space and currently configured as a law office, the layout includes fully built-out offices and administrative areas. Conveniently located near I-595, the property offers ample surface parking and is surrounded by new apartments and a large retail center. The APN is 504109AG0011. This single-story condo presents a compelling opportunity for medical or professional practices seeking a well-appointed space in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,219,540

  6.5%

  $1,125,729

  7%

  $1,045,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,141,798

  Geo Method

  $1,141,798

• Alternative Use

  Use

  Valuation

  Residential

  $1,395,904

  Hospitality

  $1,278,641

  Educational

  $1,063,814

  Medical

  $1,100,400

  Retail

  $1,654,822

Location Insight

City

Plantation

County

Broward

State

Florida

Latitude

26.1103

Longitude

-80.2544

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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