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Property profile

123 20th Ave Deerfield Beach, FL 33441

OFF-MARKET
Retail space
Property ID
US18-5207487
View Sample
15,983 SF 1.08 ac lot Built 2004
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 2,432-square-foot retail or restaurant space is ideally situated at 123 NE 20th Avenue in Deerfield Beach, Florida, within Broward County (zip code 33441). The property is a single-tenant building, offering complete occupancy for a prospective business. The entire 2,432 square feet is currently vacant and available for lease, presenting a unique opportunity for immediate occupancy. Convenient on-site parking is provided for customers and employees. The property's classification as both retail and restaurant space allows for a wide range of potential uses, catering to diverse business needs. Its location in Deerfield Beach offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a thriving community. The property is ready for immediate occupancy, eliminating the need for extensive renovations or build-outs. Interested parties are encouraged to inquire further to explore the possibilities this prime commercial space offers. The property is located at latitude 26.3159263 and longitude -80.0780918. This is a single-tenant commercial property.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2004
Construction CONCRETE
Total area 15,983 SF
Lot 1.08 ac (47,078 SF)
Zoning code B-1
APN 48-43-05-04-0180
UPID US18-5207487

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
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$4.04M

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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
Top alternative use upside
Medical building $5.6M +17.7%

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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