Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1433-1435 2Nd Ave Deerfield Beach, FL 33441

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1433-1435 2Nd Ave Deerfield Beach, FL 33441

    View on Map
    • Apartment buildings
    • 1,926 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1433-1435 2Nd Ave

    Year built
    1958
    Property size
    1,926 SF
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This 1958-built, single-story duplex in Deerfield Beach, Florida, presents a compelling investment opportunity. Located at 1433-1435 SE 2nd Ave, 33441, this property boasts a total square footage of 1,926 across two units, situated on a spacious corner lot. The asking price is $599,900. While the property requires some renovations, its potential for significant income generation is undeniable, making it suitable for both investors seeking rental income and owner-occupants looking for a primary residence with an additional income stream. The units are readily accessible for showings. Note that the owner is also selling a comparable duplex across the street, offering the possibility of acquiring both properties at a negotiated price. This multifamily property is located in Broward County and offers a unique chance to capitalize on the Deerfield Beach real estate market. The property's size and location make it an attractive proposition for those seeking a hands-on investment with substantial upside. Equal Housing Opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1006
    Latitude
    26.2978

    Comparable in this City

    • Value Estimation by Request
      1,903 SF

      1432-1434 2Nd Ave

      Multifamily properties • 1,903 SF
      1432-1434 2Nd Ave, Deerfield Beach, FL 33441
      View Details
    • Value Estimation by Request

      735 20Th Ave

      Multifamily properties
      735 20Th Ave, Deerfield Beach, FL 33441
      View Details
    • Value Estimation
      $1,700,000
      1,225 SF

      435 Federal Hwya

      MOBILE HOME PARK, TRAILER PARK • 1,225 SF
      435 Federal Hwya, Deerfield Beach, FL 33441-4121
      View Details
    • Value Estimation by Request
      0.15 Acres

      150 4th St

      PARKING LOT • 0.15 Acres
      150 4th St, Deerfield Beach, FL 33441
      View Details
    • Value Estimation by Request
      0.66 Acres

      2025 9th St

      PARKING LOT • 0.66 Acres
      2025 9th St, Deerfield Beach, FL 33441
      View Details
    • Value Estimation by Request
      0.11 Acres

      175 Hillsboro Blvd

      PARKING LOT • 0.11 Acres
      175 Hillsboro Blvd, Deerfield Beach, FL 33441
      View Details

    Similar Nearby for Sale

    • $3,895,000
      8,318 SF

      Deerfield Beach Multifamily Investment Opportunity

      Multifamily property in desirable coastal submarket near beach.
      1649 SE 4Th St, Deerfield Beach, FL 33441
      View Details
    • $3,895,000

      Deerfield Beach Multifamily Investment

      Prime multifamily investment opportunity near the beach in Deerfield Beach.
      1649 SE 4Th St, Deerfield Beach, FL 33441
      View Details
    • $1,500,000
      3,154 SF

      Deerfield Beach Four-Family Apartments

      Newly built four-family apartments offering luxurious living near Deerfield Beach.
      1361 SE 4Th St, Deerfield Beach, FL 33441
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land Parcel Near I-95

      Two-acre land parcel adjacent to I-95 in Deerfield Beach.
      1345 SW 11Th Way, Deerfield Beach, FL 33441
      View Details
    • Contact for pricing
      1,100 SF

      Pompano Beach Warehouse Space Available

      Versatile 1,100 SF warehouse space with high traffic exposure.
      501 S Dixie Hwy E, Pompano Beach, FL 33441
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1433-1435 2Nd Ave
    Deerfield Beach, FL 33441
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!