Climate-Controlled Flex
For Sale
Contact for pricing
44 Southeast 9th Street, Deerfield Beach, FL 33441
Industrial facility offers office area, multiple grade-level doors, heavy power, and dedicated parking.
Property Size15,632 SF
Lot Size0.65 Acres
Price / SF$354.98
Days on Market21
Property Features for 44 Southeast 9th Street
General Information
Standard status
Active
Size
15,632 SF
Class
B
Total Parking Spaces
24
Lot size
0.65 Acres
Property subtype
Industrial
Zoning
B3
Lease Type
Modified Gross
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
2,000 SF
Drive-In Doors
9
Power
1,000 amps
Heavy Power
Yes
Conditioned Warehouse
Yes
Building Details
Buildings
2
Building Size
15,632 SF
Listing Agency:
LRM CREA LLC
Listed By:
Chad Gottsegen · License #FL 3386660
(561) 400-7750
Source:
Crexi
Added: Aug 13
Changed: Sep 1
Last Checked: Sep 1 at 8:55PM
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.
Located at 44 Southeast 9th Street in Deerfield Beach, this 15,632 SF flex space combines a climate-controlled warehouse with approximately 2,000 SF of office area. The facility provides approximately 14-16ft of clear height and includes one oversized grade-level door measuring 14ft H x 12ft W, along with eight grade-level/van high doors measuring 12ft H x 10ft W.
The property occupies a .65 acre lot with 24 parking spots and is zoned B3. Approximately 1,000 Amps of power supports the facility, while accordion shutters are installed throughout. The roof is identified as new for 2025/2026, and the building was recently repainted in 2026.
The property occupies a .65 acre lot with 24 parking spots and is zoned B3. Approximately 1,000 Amps of power supports the facility, while accordion shutters are installed throughout. The roof is identified as new for 2025/2026, and the building was recently repainted in 2026.
Key Highlights
- 15,632 SF industrial flex space on a .65 acre lot
- Climate‑controlled warehouse with approximately 2,000 SF of office space
- Approximately 14‑16ft clear height
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
$343,841
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
6.20%
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%
$6,876,820
$6.9M
Cap Rate 7%
$4,912,014
$4.9M
Cap Rate 9%
$3,820,456
$3.8M
Market Conditions
NOI Build-Up for 15,632 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
$562.8K $36.00/SF
− Vacancy
−$33.8K −$2.16/SF
EGI
$529.0K $33.84/SF
− OpEx
−$185.1K −$11.84/SF
NOI
$343.8K $22.00/SF
Area
Broward County, FL
Vacancy
6.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
35.00%
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%
$6,876,820
Cap Rate 7%
$4,912,014
Cap Rate 9%
$3,820,456
Alternative Uses
Best Use
Flex RnD
$4.91M
$4.30M – $5.73M
NOI $343,841 @ 7.0% cap · market cap 6.20%
Second Best
Warehouse
$2.93M
$2.56M – $3.42M
NOI $204,921 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$7.93M
$6.94M – $9.25M
NOI $555,154 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
9
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
2,034
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33441, FL
29,311
Population
15,225
Households
1.9
Avg Household Size
43
Median Age
28%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
6,106
Density / Sq Mi
$57,257
Median Household Income
$35,163
Median Earnings
$1,544
Median Rent
$381,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility offers office area, multiple grade-level doors, heavy power, and dedicated parking.
Where is this flex space located?
The property is located at 44 Southeast 9th Street Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $5,549,000.
What are key features of this property?
This property features: 15,632 SF industrial flex space on a .65 acre lot; Climate‑controlled warehouse with approximately 2,000 SF of office space; Approximately 14‑16ft clear height
