Retail Space Facing
For Sale
Contact for pricing
833 SE 8TH Avenue #833, Deerfield Beach, FL 33441
Ground-level suite in Palm Plaza fronts the plaza’s parking area and Federal Highway.
Property Size940 SF
Price / SF$2.45
Days on Market24
Property Features for 833 SE 8TH Avenue #833
General Information
Standard status
Active
Size
940 SF
Property subtype
Retail
Additional Details
Floor
Ground
Building Details
Year Built
1990
Listing Agency:
Ocean Realty Group, Inc.
Listed By:
Bruno Richter · License #561217
(561) 271-5000
Source:
Lehmannflorida
Added: Oct 3
Changed: Oct 25
Last Checked: Oct 24 at 5:22PM
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 Ocean Realty Group, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 940-square-foot retail suite occupies the first floor of Palm Plaza in Deerfield Beach. Its position faces the parking lot and Federal Highway, providing a street-facing orientation for the space. The property was built in 1990.
Key Highlights
- 940‑square‑foot ground‑floor retail suite
- Faces the parking lot and Federal Highway
- Located in Palm Plaza in Deerfield Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,895
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,900
$317.9K
Cap Rate 7%
$227,071
$227.1K
Cap Rate 9%
$176,611
$176.6K
Market Conditions
NOI Build-Up for 940 SF
Gross rent
$24.8K $26.40/SF
− Vacancy
−$2.1K −$2.24/SF
EGI
$22.7K $24.16/SF
− OpEx
−$6.8K −$7.25/SF
NOI
$15.9K $16.91/SF
Area
Broward County, FL
Vacancy
8.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,900
Cap Rate 7%
$227,071
Cap Rate 9%
$176,611
Alternative Uses
Best Use
Retail
$227.1K
$198.7K – $264.9K
NOI $15,895 @ 7.0% cap · market cap 691.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.9K
$417.3K – $556.4K
NOI $33,383 @ 7.0% cap · market cap 1,451.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,602
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Ground-level suite in Palm Plaza fronts the plaza’s parking area and Federal Highway.
Where is this retail space located?
The property is located at 833 SE 8TH Avenue #833 Deerfield Beach, FL.
What are key features of this property?
This property features: 940‑square‑foot ground‑floor retail suite; Faces the parking lot and Federal Highway; Located in Palm Plaza in Deerfield Beach
