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

    10 NE 20Th Ave Deerfield Beach, FL 33441

    • Motels
    • 2,775 SF
    • 0.32 lot acres
    For Sale
    View listing
    $2,550,000
    Last Sale
    May 10, 2022
    $3,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5578648
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Motels

    Property Details for 10 NE 20Th Ave

    Year built
    1953
    Construction
    CONCRETE
    Lot size
    0.32 lot acres
    Property size
    2,775 SF
    Zone code
    RM-25
    Property type
    Motels
    APN
    48-43-05-04-0540
    APU
    484305040540

    Description

    This exceptional special purpose property, located at 10 NE 20th Avenue in Deerfield Beach, Florida, presents a unique redevelopment opportunity. The property boasts a 3/4 acre lot and is situated in a high-traffic area, benefiting from proximity to A1A and Hillsboro Boulevard, ensuring significant visibility and accessibility. The existing structure, built in 1953, comprises 14 units and is offered at an asking price of $3,300,000. The RM 25 zoning allows for construction up to 55 feet, providing substantial potential for a new development. The location is surrounded by high-end developments and luxury hotels, with nearby hotels commanding nightly rates of $600-$700 in April 2024, indicating strong market demand. The property's walkability to numerous attractions, including Oceans 234, Billabong, Island Water Sports, Kilwin's, Patio Bar, Embassy Suites, Kahuna's, and the Deerfield Beach boardwalk, further enhances its appeal. Renovation is possible with city approval, making this a compelling investment prospect for developers seeking a prime location in a thriving coastal community. The property's zip code is 33441, and it is located in Broward County. This is a rare opportunity to acquire a significant parcel in a highly desirable area with substantial upside potential. The property's location benefits from local traffic from Millionaire Mile and Boca Raton.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,685,000
      ML approach
      $3,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,270,000
      Market price range: $1.05M - $2.27M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,750,000
      Current use
      AUTO REPAIR, GARAGE
      $2,035,000
      Change: +17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,810,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0776
    Latitude
    26.3148
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $57,539
    $209,680
    $2,485,230
    $2,694,910
    -
    $209,680
    $2,485,230
    $2,694,910

    Comparable in this City

    • Value Estimation by Request
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      $135,000
      3,140 SF

      641 20th Ave

      MOTEL • 3,140 SF
      641 20th Ave, Deerfield Beach, FL 33441-5127
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    • Value Estimation
      $265,000
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      814 19th Ave

      MOTEL • 2,103 SF
      814 19th Ave, Deerfield Beach, FL 33441-5034
      View Details
    • Value Estimation
      $3,990,000
      6,688 SF

      370 20th Ave

      MOTEL • 6,688 SF
      370 20th Ave, Deerfield Beach, FL 33441-5124
      View Details
    • Value Estimation
      $380,000
      2,707 SF

      2025 1st St

      MOTEL • 2,707 SF
      2025 1st St, Deerfield Beach, FL 33441-4508
      View Details
    • Value Estimation
      $515,000
      5,701 SF

      233 20th Ave

      MOTEL • 5,701 SF
      233 20th Ave, Deerfield Beach, FL 33441-5115
      View Details

    Similar Nearby for Sale

    • $2,550,000
      0.32 Acres

      Prime Location Development Opportunity

      Development opportunity near A1A and Hillsboro Blvd with ocean views.
      10 NE 20Th Ave, Deerfield Beach, FL 33441
      View Details
    • $2,750,000

      Deerfield Beach Office Land Opportunity

      1.25-Acre Lot, High Visibility, Build Your Office
      556 Hillsboro Blvd, Deerfield Beach, FL 33441
      View Details
    • $2,799,000
      1.25 Acres

      East Broward Land Assemblage Opportunity

      Prime development opportunity in Deerfield Beach, Florida.
      556 E Hillsboro Blvd, Deerfield Beach, FL 33441
      View Details
    • $1,350,000
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      Pompano Beach Industrial Property

      Industrial property with secure yard, office, and enclosed garage.
      1999 NW 16Th St, Pompano Beach, FL 33441
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      Commercial unit ideal for office or retail use.
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      Four-Unit Multifamily Building For Sale

      Fully leased four-unit building with long-term tenants and steady income.
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    Similar Nearby for Lease

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    • $21 SF/Yr
      182,598 SF

      Deerfield Beach Warehouse Space

      Industrial warehouse, 182,598 SF, Deerfield Beach
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    • $3,500 /Mo

      Deerfield Beach Duplex For Rent

      Duplex in Deerfield Beach, move-in ready, near beach, shopping.
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    • $22 SF/Yr
      4,250 SF

      Pompano Beach Warehouse Space

      4,250 SF warehouse space available for lease.
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    • Contact for pricing
      2,500 SF

      Pompano Beach Flex Space Available

      Mix of office and warehouse space for rent.
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    • Contact for pricing
      12,066 SF

      Pompano Beach Warehouse Space Available

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      View Details
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    10 NE 20Th Ave
    Deerfield Beach, FL 33441
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    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
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