Commercial real estate in Davie, Florida, presents a lucrative investment opportunity for savvy investors. With a population of approximately 110,000 residents, Davie offers a diverse range of commercial properties that cater to various industries, including education, healthcare, retail, and agriculture. These properties can represent a variety of investments, such as office spaces, retail stores, restaurants, and warehouses, providing a diverse range of opportunities for investors. Davie's strategic location, with easy access to major transportation facilities like Interstate 595, Florida's Turnpike, and U.S. Route 441, makes it an attractive location for businesses. The town's amenities, including hospitals like Westside Regional Medical Center and Broward Health Medical Center, parks like Tree Tops Park and Robbins Lodge Park, and sports facilities such as Bamford Sports Complex and Pine Island Park, also contribute to its appeal. Additionally, Davie is home to notable institutions like Nova Southeastern University and Broward College, making it an ideal location for businesses that cater to the education sector. With its tropical monsoon climate and rich history, Davie is an attractive location for businesses and travelers alike, with attractions like the Fort Lauderdale-Hollywood International Airport and the Port Everglades providing easy access to domestic and international destinations.
Davie's commercial real estate market offers a range of opportunities, with 56 listings available. The average price per square foot is $602 USD, and the average size of these properties is 11,052 square feet, with the largest property spanning 38,000 square feet. The average cap rate for these properties is 5.03%. In addition to commercial real estate, Davie also offers industrial properties, which can be ideal for businesses that require large storage spaces or manufacturing facilities. Apartment buildings are another option, providing a steady stream of income for investors. Office properties are also available, catering to businesses that require professional spaces. Hotels are another option, providing accommodations for travelers and tourists. With its diverse range of properties and amenities, Davie is an attractive location for investors and businesses alike.
What financing options are available for purchasing commercial real estate?
When it comes to purchasing commercial real estate in Davie, Florida, there are several financing options available to consider, including:
- Traditional bank loans, which offer competitive interest rates and flexible repayment terms, making them a popular choice for many investors.
- Commercial mortgage-backed securities (CMBS) loans, which provide access to a larger pool of capital and can offer more favorable terms for larger commercial properties.
- Private money lenders, which can provide quick access to capital for investors who need to move quickly on a commercial property purchase, often with more flexible terms than traditional banks.
It's essential to carefully evaluate each option and consider factors such as interest rates, repayment terms, and fees to determine which financing solution best aligns with your investment goals and budget. With 56 available listings of commercial real estate in Davie, understanding your financing options can help you make an informed decision and secure the property that meets your needs.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Davie, Florida, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 5.03%, investors can gauge the property's potential income generation and make informed decisions; to learn more about the importance of cap rates, check out our article on what is a cap rate.
In Davie, where there are currently 56 available listings of commercial real estate, understanding cap rates is essential for investors to navigate the market and find properties that align with their investment goals, such as those with average prices per square foot of $602 USD and average sizes of 11,052 square feet.
What is considered a commercial property?
In Davie, Florida, a commercial property is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and other types of properties that generate income. With 56 available listings of commercial real estate in Davie, investors and business owners have a wide range of options to choose from, with properties averaging $602 USD per square foot and ranging in size from 11,052 square feet to 38,000 square feet, and offering an average cap rate of 5.03%.
