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    1341 Southwest 1St Way Deerfield Beach, FL 33441
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    1341 Southwest 1St Way, Deerfield Beach, FL 33441

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    • Warehouses
    • 7,500 SF
    • 0.41 lot acres
    For Sale
    $1,450,000
    View Listing →
    Warehouse Space in Deerfield Beach For Sale
    $1,450,000

    Warehouse Space in Deerfield Beach

    Small-bay warehouse space with drive-through access in Deerfield Beach.

    1341 Southwest 1st Way, Deerfield Beach, FL 33441
    View Listing
    Property ID
    US18-5243854
    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.
    Value Estimations
    Cap Rate Potential
    6.8%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1341 Southwest 1St Way

    Year built
    1974
    Construction
    CONCRETE
    Lot size
    0.41 lot acres
    Zone code
    B-3
    Property type
    Warehouses
    APN
    48-42-12-20-0170
    APU
    484212200170

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2024 $1,450,000 1341 Investments LLC 1341 1369 Sw 1 Way LLC Warranty Deed —
    Jul 5, 2023 — Sw 1 Way LLC — Deed · related $68k · Us Century Bank
    Oct 8, 2021 $900,000 1341 1369 Sw 1 Way LLC Ethel L Mclendon Warranty Deed —

    Description

    This exceptional 7,725-square-foot warehouse in Deerfield Beach, Florida, presents a compelling investment opportunity. Located at 1341 SW 1st Way, 33441, this industrial property sits on a 0.41-acre lot and boasts a strategic location less than a mile east of Interstate 95 and south of 10th Street, offering easy access to major roadways. The building, constructed of durable masonry with concrete walls and roof, underwent renovations in 1974. The warehouse features a 12-foot ceiling height and a significant advantage of 14 dock-high doors, facilitating efficient loading and unloading. The property is zoned B-3 and is ideal for businesses requiring small-bay warehouse space with drive-through capabilities. The asking price is $1,545,000, translating to $200 per square foot. This property is situated in an area primarily composed of light industrial, warehouse, and flex buildings, ensuring a cohesive and supportive business environment. The building's design allows for vehicles to easily pass through, maximizing operational efficiency. This is a rare opportunity to acquire a well-located, functional warehouse in a thriving industrial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,450,000
      ML approach
      $1,450,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,640,000
      6.5%
      $1,515,000
      7%
      $1,405,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1062
    Latitude
    26.2996
    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
    $19,466
    $126,480
    $864,600
    $991,080
    -
    $126,480
    $864,600
    $991,080

    Comparable in this City

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      10,660 SF

      158-198 Eller St

      WAREHOUSE, STORAGE
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    • Value Estimation
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      20,160 SF

      720 Deerfield Ave, Unit 740

      WAREHOUSE, STORAGE
      720 Deerfield Ave, Deerfield Beach, FL 33441-5385
      View Details
    • Value Estimation
      $870,000
      9,917 SF

      61 2nd St

      WAREHOUSE, STORAGE
      61 2nd St, Deerfield Beach, FL 33441
      View Details
    • Value Estimation
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      109 3rd Ct

      WAREHOUSE, STORAGE
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      View Details
    • Value Estimation
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      13,950 SF

      830 Deerfield Ave

      WAREHOUSE, STORAGE
      830 Deerfield Ave, Deerfield Beach, FL 33441-5392
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse Space in Deerfield Beach

      Small-bay warehouse space with drive-through access in Deerfield Beach.
      1341 Southwest 1St Way, Deerfield Beach, FL 33441
      View Details
    • Contact for pricing

      Storage Spaces Available For Lease

      Lease storage spaces with garage doors, easy access to highways.
      1110-1132 SW 1St Way, Deerfield Beach, FL 33441
      View Details
    • Contact for pricing

      Vacant Land on South Dixie

      11,876 Sq. Ft. vacant land parcel on South Dixie Hwy.
      583 S Dixie Hwy, Deerfield Beach, FL 33441
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,650 SF

      Deerfield Beach Warehouse Space

      18,650 SF warehouse space available for lease.
      554 Hillsboro Technology Dr, Deerfield Beach, FL 33441
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    • Contact for pricing
      7,768 SF

      Industrial Space in Deerfield Beach

      7,768 SF warehouse/industrial space available for lease.
      350 Hillsboro Technology Dr, Deerfield Beach, FL 33441
      View Details
    • $22 SF/Yr

      Deerfield Beach Industrial Park

      182,000 SF industrial park near I-95 and SW 10th St.
      1577 SW 1St Way, Deerfield Beach, FL 33441
      View Details
    • Contact for pricing

      Deerfield Beach Industrial Park

      Industrial park with flexible units for light industrial and commercial uses.
      1533 SW 1St Way, Deerfield Beach, FL 33441
      View Details
    • New
      $2,000 /Mo
      2,400 SF

      Light Industrial Flex Space

      Gross lease with utilities included, suited for light industrial and light automotive operations in a B-3 zone.
      1179 SW 1St Way, Deerfield Beach, FL 33441
      View Details
    • Contact for pricing
      1,700 SF

      Deerfield Beach Industrial Park Space

      Industrial park with flexible spaces, convenient location, and modern amenities.
      1717 SW 1St Way, Deerfield Beach, FL 33441
      View Details
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    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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