Mixed-Use Property with
For Sale
Contact for pricing
2777 W Hillsboro Blvd, Deerfield Beach, FL 33442
B-1-zoned property combines ground-floor retail space with a three-bedroom apartment above.
Property Size4,744 SF
Price / SF$590.22
Days on Market49
Property Features for 2777 W Hillsboro Blvd
General Information
Standard status
Active
Size
4,744 SF
Property subtype
Retail, Mixed Use
Zoning
B-1
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Listing Agency:
LRM CREA LLC
(561) 400-7750
Listed By:
Chad Gottsegen · License #FL 3386660
Source:
Crexi
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 29 at 10:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LRM CREA LLC
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 4,744 square feet across two levels on a 0.71-acre parcel. The first floor provides a 2,800 SF retail area, while the second floor includes a 1,944 SF three-bedroom apartment. A paved lot serves the property, which also has frontage on Hillsboro Blvd.
Located at 2777 W Hillsboro Blvd in Deerfield Beach, the property carries B-1 zoning and combines commercial and residential components within one asset.
Located at 2777 W Hillsboro Blvd in Deerfield Beach, the property carries B-1 zoning and combines commercial and residential components within one asset.
Key Highlights
- Approximately 4,744 total square feet on a 0.71‑acre lot
- 2,800 SF first‑floor retail space
- 1,944 SF second‑floor apartment with 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$81,834
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,636,680
$1.6M
Cap Rate 7%
$1,169,057
$1.2M
Cap Rate 9%
$909,267
$909.3K
Market Conditions
NOI Build-Up for 4,744 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$142.3K $30.00/SF
− Vacancy
−$11.4K −$2.40/SF
EGI
$130.9K $27.60/SF
− OpEx
−$49.1K −$10.35/SF
NOI
$81.8K $17.25/SF
Area
Broward County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,636,680
Cap Rate 7%
$1,169,057
Cap Rate 9%
$909,267
Alternative Uses
Best Use
Mixed Use
$1.17M
$1.02M – $1.36M
NOI $81,834 @ 7.0% cap · market cap 2.92%
Second Best
Retail
$1.15M
$1.00M – $1.34M
NOI $80,217 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,478 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
927
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Optimum
Shops & Services
927 visits/mo
0.4 miles
Demographics for 33442, FL
32,340
Population
21,595
Households
1.5
Avg Household Size
52
Median Age
32%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
4,687
Density / Sq Mi
$53,413
Median Household Income
$42,035
Median Earnings
$1,952
Median Rent
$231,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B-1-zoned property combines ground-floor retail space with a three-bedroom apartment above.
Where is this mixed-use property located?
The property is located at 2777 W Hillsboro Blvd Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $2,799,999.
What are key features of this property?
This property features: Approximately 4,744 total square feet on a 0.71‑acre lot; 2,800 SF first‑floor retail space; 1,944 SF second‑floor apartment with 3 bedrooms
