7171 University DrTamarac, FL 33321

Property Details for 7171 University Dr

Year built

1993

Construction

CONCRETE

Property size (Sq ft)

9,207 SF

Zone code

MU-N

Property type

Office properties

Property subtype

Office buildings

APN

49-41-04-AE-0010

APU

494104AE0010

Description

This exceptional 9,207 square foot medical office condominium, located at 7171 N University Dr in Tamarac, Florida, is offered at $3,200,000. Situated on 2.58 acres, this Class B building boasts ample parking (6 spaces per 1,000 sq ft). Currently vacant, this ground floor space (Suite 100) features 13 exam rooms, 2 imaging rooms, 5 additional offices, a large reception/waiting area, and a comprehensive physical therapy wing complete with a pool. Previously occupied by an orthopedic practice, this property is ideally suited for a variety of medical uses. Its prime location is adjacent to the 327-bed HCA Woodmont Hospital, offering significant synergy potential, yet without requiring any affiliation. Built in 1994, this one-building, three-story structure presents a unique opportunity. The sale may include additional ownership, providing potential control of the building and association/management. A lease-back option or shared use with a complementary practice may be considered. The property includes six units, and the APN is 4941 04 AE 0010. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,737,272

  6.5%

  $2,526,713

  7%

  $2,346,233

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,719,932

  Geo Method

  $2,719,932

• Alternative Use

  Use

  Valuation

  Residential

  $3,133,124

  Hospitality

  $2,869,924

  Educational

  $2,387,744

  Medical

  $2,469,862

  Retail

  $3,714,268

Location Insight

City

Tamarac

County

Broward

State

Florida

Latitude

26.2108

Longitude

-80.2532

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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