Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    216-218 NE 9Th Ave Deerfield Beach, FL 33441

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Renovated duplex, one mile from the ocean, move-in ready.

    Building Details

    Year built
    1971

    We can help!

    Listing Contact
    Stephanie Citron
    Stephanie Citron
    Source: Elliman

    Listing Agent: Stephanie Citron

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Duplex Near Deerfield Beach

    This renovated duplex in Deerfield Beach presents an investment opportunity, located one mile from the ocean. One unit is currently rented at $2,800 per month, providing immediate income. The other unit is completely updated and move-in ready, suitable for an owner-occupant or premium rental. Renovations include a new kitchen with quartz countertops, cabinets, appliances, and sink, fresh paint, new flooring, and updated bathrooms. Additional upgrades include a 2020 roof, new HVAC and ductwork, a new electrical panel, and exterior improvements with fresh paint and landscaping. This property offers turnkey ownership in a coastal location with strong tenant demand. It is suited for expanding a portfolio or for an owner-occupant.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0919033
    Latitude
    26.3213809

    Nearby Similar for Sale

    • $2,900,000
      3,964 SF

      Established Auto Repair Business Opportunity

      Auto repair business with land for sale in Deerfield Beach.
      Deerfield Beach, FL 33441
      View Details
    • $150,000
      3.35 Acres

      Operating Pawn Shop For Sale

      Fully operational pawn shop with inventory and licenses included for sale.
      4581 N Dixie Hwy, Deerfield Beach, FL 33064
      View Details
    • $1,500,000
      3,154 SF

      Deerfield Beach Quadplex

      Newly built four-family apartments near Deerfield Beach.
      Deerfield Beach, FL 33441
      View Details
    • $529,999
      1,332 SF

      Deerfield Beach Office Space For Sale

      Office space in Deerfield Beach with flexible layout.
      1239 E Newport Center Dr, Deerfield Beach, FL 33442
      View Details
    • $165,000

      Established Italian Restaurant Opportunity

      Turn-key Italian restaurant with beer and wine license for sale.
      Deerfield Beach, FL 33441
      View Details
    • $350,000

      Established Spa/Med Spa Business

      Thriving spa/med spa business established in 2019 in Deerfield Beach, FL.
      Tbd Confidential - Kmf-00262, Deerfield Beach, FL 33441
      View Details
    • Contact for pricing
      290,503 SF

      Sub-Lease Office Space Available

      Campus-style office space for sub-lease in Deerfield Beach, Florida.
      333 SW 12Th Ave, Deerfield Beach, FL 33442
      View Details
    • $1,890,000

      NNN-Leased Medical Office Asset

      Fully stabilized, single-tenant medical office in Deerfield Beach, Florida.
      372-378 S Powerline Rd, Deerfield Beach, FL 33442
      View Details
    • $299,000

      Established Specialty Market Business Opportunity

      Turnkey specialty market business with loyal clientele and growth potential.
      2777 W Hillsboro Blvd, Deerfield Beach, FL 33442
      View Details
    • $349,900

      Office/Retail Unit For Sale

      Commercial unit ideal for office or retail use.
      69 NE 3Rd Ave, Deerfield Beach, FL 33441
      View Details
    • $17,250,000

      Rare High School Campus Opportunity

      10-acre high school campus in NE Broward County.
      959 SE 6Th Ave, Deerfield Beach, FL 33441
      View Details
    • $825,000

      Updated Triplex Near Deerfield Beach

      Updated triplex with three separate units near Deerfield Beach.
      711 SE 3Rd Ave, Deerfield Beach, FL 33441
      View Details

    FAQs

    What type of property is this?
    Duplex - Renovated duplex, one mile from the ocean, move-in ready.
    Where is this duplex located?
    The property is located at 216-218 NE 9Th Ave Deerfield Beach, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Fully renovated duplex offering instant cash flow and long-term upside.; - Prime coastal location in Deerfield Beach, just 1 mile from the ocean.; - One unit already rented at $2,800/month providing immediate income.
    (954) 562-6138
    Request Owner's contact information
    216-218 NE 9Th Ave Deerfield Beach, FL 33441
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216-218 NE 9Th Ave
    Deerfield Beach, FL 33441
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    216-218 NE 9Th Ave Deerfield Beach, FL 33441
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephanie Citron
    Stephanie Citron
    (954) 562-6138
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.