3801 University DrSunrise, FL 33351
- Mixed-use properties
- 58,365 SF
Property Details for 3801 University Dr
- Year built
- 1976
- Construction
- CONCRETE
- Lot size
- 3.41 AC
- Property size (Sq ft)
- 58,365 SF
- Zone code
- B-3
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 49-41-21-03-0190
- APU
- 494121030190
Description
This exceptional retail property, Springtree Country Club Plaza, located at 3801 North University Drive in Sunrise, Florida (zip code 33351), offers a unique investment opportunity. Built in 1977, this multi-tenant building boasts a total of 58,365 square feet, with abundant parking available for patrons and employees. Currently, there are two suites available, providing flexible space options ranging from a minimum of 1,155 square feet to a maximum contiguous space of 5,426 square feet. A total of 6,581 square feet is currently vacant, presenting a prime opportunity for expansion or new tenancy. The property is ideally suited for a variety of retail uses, including coffee shops, pharmacies, and general street retail, as well as office space. The property's location in Broward County, Florida, provides excellent visibility and accessibility, making it an attractive destination for businesses and customers alike. Lease rates are competitive, ranging from $16.00 to $18.00 per square foot, NNN. This property presents a compelling opportunity for businesses seeking a well-located, versatile retail space in a thriving community. Contact us today to learn more about this exceptional opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $21,516,618
- 6.5%
- $19,861,492
- 7%
- $18,442,814
-
Comparable approach
- Method
- Valuation
- Relative Method
- $26,725,392
- Geo Method
- $26,725,392
-
Alternative Use
- Use
- Valuation
- Residential
- $19,861,492
- Hospitality
- $18,193,020
- Educational
- $15,136,380
- Medical
- $15,656,943
- Retail
- $23,545,480
Location Insight
- City
- Sunrise
- County
- Broward
- State
- Florida
- Latitude
- 26.1718
- Longitude
- -80.2567
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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