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Property profile

1121 W Newport Center Dr Deerfield Beach, FL 33442

FOR LEASE
Manufacturing properties
Property ID
US18-0981767
24,262 SF 1.32 ac lot Built 1989
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This ±24,262 square foot Class A freestanding industrial building is situated on a 1.32-acre lot in the prestigious Newport Center Business Park in Deerfield Beach, Florida. Built in 1989, this two-story building features a 14-foot ceiling height, one loading dock, and ample parking (2 spaces per 1,000 sq ft). The property includes approximately 9,000 square feet of warehouse/assembly space, is 100% air-conditioned, and boasts a 6-inch cement floor. Its prime location in Northeast Broward County offers easy access to major expressways, including the Florida Turnpike, Sawgrass Expressway, and Interstate 95, providing convenient access to Palm Beach, Broward, and Miami-Dade counties. The building is currently occupied, requiring 24-hour advance notice for showings. A recent 25-year inspection has been completed. The property is zoned PID and offers versatile usage potential, including but not limited to: industrial, educational, medical, scientific research & development, laboratory, information technology, data center, cannabis cultivation/packaging/distribution, medical assembly/storage/distribution, computer part assembly, school/learning & development, commercial kitchen, corporate headquarters, super abrasives manufacturing/distribution, sports medicine, adhesive manufacturing, and cosmetic R&D, production, packaging, and distribution. The asking price is $6,500,000 ($267.91/sq ft). The APN is 484211070650. The address is 1121 W Newport Center Dr, Deerfield Beach, FL 33442.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1989
Construction CONCRETE
Total area 24,262 SF
Lot 1.32 ac (57,632 SF)
Zoning code PID
APN 48-42-11-07-0650
UPID US18-0981767

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1121 W Newport Center Dr Deerfield Beach, FL 33442
Deerfield Beach metro Census 10701 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.03M
Comparable Approach Comparable
$7.55M
Blend (final) Blend
$5.60M

Owner & transaction history

since 2025
Last sale
$5.4M
5 recorded transactions
2025
$5.4M
2022
Price N/A
2016
$3.0M
2002
$3.6M
2000
$1.9M

Zoning & alternative use

PID · Deerfield Beach, FL
Zoning description

The purpose of this district is to provide for innovations in industrial or office development by encouraging projects reflective of changes in the technology of land development and the relationship to the specific site…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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