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Property profile

1197 S Military Trl Deerfield Beach, FL 33442

Parking lots & garages
Property ID
US18-4135228
View Sample
0.11 ac lot Built 1987
Entity Owned 1-yr Hold Free & Clear

Property summary

AI-generated overview

This 3,093 square foot vacant building presents a prime redevelopment opportunity in Deerfield Beach, Florida. Situated on a 1.34-acre lot, this single-story structure boasts a highly visible location on S Military Trail, between Palm Trails Plaza and Sawgrass Promenade. The property benefits from exceptional daily traffic counts (approximately 29,000 vehicles on S Military Trail and 73,200 at the nearby intersection of S Military Trail and SW 10th Street). Its Business Community (B-1) zoning allows for versatile commercial uses. The location offers convenient access to major roadways including I-95, US Route 1, the Sawgrass Expressway, and the Florida Turnpike, placing it within easy reach of a substantial population base. Within a 5-mile radius, there are over 330,000 people with an average household income exceeding $112,000, and over 205,000 employees. The area is densely populated with residential neighborhoods and boasts a strong retail presence, including national chains like Walmart, Publix, Target, and many restaurants. Previously occupied by Wendy's until Q2 2024, this property offers significant potential for a variety of QSR or restaurant concepts, or other compatible businesses. The property is 800 feet from SW 10th Street and 3.2 miles from Broward Health North.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1987
Lot 0.11 ac (4,806 SF)
Zoning code B-1
APN 48-42-11-06-0024
UPID US18-4135228

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$120k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k

Owner & transaction history

since 2025
Last sale
$10,000
7 recorded transactions
2025
$2.3M
2025
$10,000
2016
$5,500
2016
$36,641
2016
$36,641
2000
$8,900
1997
$850,000

Zoning & alternative use

B-1 · Deerfield Beach, FL
Zoning description

The purpose of this district is to identify within the area defined by the land use element of the comprehensive plan for commercial development, areas where selected commercial activities can be established in a manner…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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