Renovated Flex
For Sale
Contact for pricing
44 SE 9TH ST, Deerfield Beach, FL 33431
Climate-controlled warehouse and office improvements support flexible commercial use with access near I-95 and Hillsboro.
Property Size7,778 SF
Price / SF$379.15
Days on Market12
Property Features for 44 SE 9TH ST
General Information
Standard status
Active
Size
7,778 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
7,778 SF
Office Build-Out
1,600 SF
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2026
Buildings
1
Listing Agency:
LRM CREA LLC
(561) 400-7750
Listed By:
Chad Gottsegen · License #FL 3386660
Source:
Crexi
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 28 at 1:04PM
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 flex property combines approximately 7,778 square feet of climate-controlled warehouse space with a 1,600-square-foot office component. Recent improvements include interior repainting, a new roof, and accordion shutters throughout for storm protection.
Located at 44 SE 9th St in Deerfield Beach, the property offers access from I-95 and Hillsboro. The combination of conditioned industrial space and dedicated offices provides a practical configuration for commercial operations requiring both workspace and administrative areas.
Located at 44 SE 9th St in Deerfield Beach, the property offers access from I-95 and Hillsboro. The combination of conditioned industrial space and dedicated offices provides a practical configuration for commercial operations requiring both workspace and administrative areas.
Key Highlights
- Approximately 7,778 square feet of climate‑controlled warehouse space
- 1,600 square feet of office area
- Newly renovated industrial property with recent repainting
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
$206,156
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
6.99%
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%
$4,123,120
$4.1M
Cap Rate 7%
$2,945,086
$2.9M
Cap Rate 9%
$2,290,622
$2.3M
Market Conditions
NOI Build-Up for 7,778 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
$354.7K $45.60/SF
− Vacancy
−$79.8K −$10.26/SF
EGI
$274.9K $35.34/SF
− OpEx
−$68.7K −$8.84/SF
NOI
$206.2K $26.51/SF
Area
Broward County, FL
Vacancy
22.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,123,120
Cap Rate 7%
$2,945,086
Cap Rate 9%
$2,290,622
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,156 @ 7.0% cap · market cap 6.99%
Second Best
Flex RnD
$2.44M
$2.14M – $2.85M
NOI $171,085 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$3.95M
$3.45M – $4.60M
NOI $276,228 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33431, FL
22,047
Population
9,005
Households
2.4
Avg Household Size
33
Median Age
58%
College-Educated
94%
High-School Grad
8.3 sq mi
ZIP Area
2,656
Density / Sq Mi
$103,252
Median Household Income
$23,794
Median Earnings
$2,361
Median Rent
$575,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ginger Man Kosher Catering and Private Chef Services — 903 nw 35th st, boca raton, fl 33431
Frequently Asked Questions
What type of property is this?
Flex space - Climate-controlled warehouse and office improvements support flexible commercial use with access near I-95 and Hillsboro.
Where is this flex space located?
The property is located at 44 SE 9TH ST Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $2,949,000.
What are key features of this property?
This property features: Approximately 7,778 square feet of climate‑controlled warehouse space; 1,600 square feet of office area; Newly renovated industrial property with recent repainting
