Freestanding Professional
For Sale
$1,500,000
817 Hillsboro Boulevard, Deerfield Beach, FL 33441
Freestanding office building fronts East Hillsboro Boulevard in Deerfield Beach.
Property Size3,100 SF
Lot Size0.18 Acres
Price / SF$483.87
Days on Market497
Property Features for 817 Hillsboro Boulevard
General Information
Standard status
Active
Size
3,100 SF
Lot size
0.18 Acres
Property subtype
Office
Zoning
AH
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$21,064
Amenities
3
Building Details
Year Built
2003
Stories
2
Listing Agency:
(561) 572-8888
Listed By:
Local Real Estate Brokerage
(561) 572-8888
Source:
Xome
Added: Apr 4, 2025
Changed: Aug 12
Last Checked: Aug 12 at 3:14AM
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 Local Real Estate Brokerage
Investment Insights
Based on property information with market context.
Freestanding professional office building fronting East Hillsboro Boulevard in Deerfield Beach. The property is listed as an approximately 3,133 SF commercial building situated on an approximately 0.18-acre lot. Zoning is shown as AH, with a land-use designation of office building.
The asset is positioned along one of the city’s main east-west corridors and is described as having excellent frontage and visibility. Public remarks indicate the property is located in East Deerfield Beach, just minutes from the beach and The Cove retail/dining district.
The site is configured as a dedicated freestanding office facility intended to support low-intensity professional and medical office use categories consistent with its office-building designation.
The asset is positioned along one of the city’s main east-west corridors and is described as having excellent frontage and visibility. Public remarks indicate the property is located in East Deerfield Beach, just minutes from the beach and The Cove retail/dining district.
The site is configured as a dedicated freestanding office facility intended to support low-intensity professional and medical office use categories consistent with its office-building designation.
Key Highlights
- Freestanding professional office building fronting East Hillsboro Boulevard in Deerfield Beach
- +/- 3,133 SF office building on an approximately 0.18‑acre lot
- Located on a busy east‑west corridor (Hillsboro Blvd) with strong frontage/visibility
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
$82,166
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
5.48%
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%
$1,643,320
$1.6M
Cap Rate 7%
$1,173,800
$1.2M
Cap Rate 9%
$912,956
$913.0K
Market Conditions
NOI Build-Up for 3,100 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
$141.4K $45.60/SF
− Vacancy
−$31.8K −$10.26/SF
EGI
$109.6K $35.34/SF
− OpEx
−$27.4K −$8.84/SF
NOI
$82.2K $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%
$1,643,320
Cap Rate 7%
$1,173,800
Cap Rate 9%
$912,956
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,166 @ 7.0% cap · market cap 5.48%
Second Best
Healthcare Medical
$583.5K
$510.6K – $680.8K
NOI $40,846 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,093 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building fronts East Hillsboro Boulevard in Deerfield Beach.
Where is this office building located?
The property is located at 817 Hillsboro Boulevard Deerfield Beach, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding professional office building fronting East Hillsboro Boulevard in Deerfield Beach; +/- 3,133 SF office building on an approximately 0.18‑acre lot; Located on a busy east‑west corridor (Hillsboro Blvd) with strong frontage/visibility
