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Property profile & analytics
FOR LEASE
Retail space
209 W Hillsboro Blvd Deerfield Beach, FL 33441
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-9717720
For Lease
1 / 16
$30 SF/Yr
209 W Hillsboro Blvd, Deerfield Beach, FL 33441
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
CONCRETE
Total area
4,074 SF
Lot
0.29 ac (12,849 SF)
Zoning code
B-1
APN
48-42-01-05-0190
UPID
US18-9717720
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.25M
Owner & transaction history
209 Hillsboro Investments LLC · 4 yrs held
209 Hillsboro Investments LLC
since 2021
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
B-1 · Deerfield Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+51.5%
Medical building
$1.4M
+17.7%
Warehouse, storage
$1.3M
+3.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Deerfield Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Deerfield Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,245,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,215,000
Current use
OFFICE BUILDING
$1,840,000
Change: +52% · Conversion: Easy
MEDICAL BUILDING
$1,430,000
Change: +18% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,255,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.13M (Sep 23 2021)
Last sale anchor
$1.13M
Sep 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$307 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,612
Tax year 2023
Assessed value
$1,006,760
Assessed 2023
Previous assessed
$957,520
+5.1% YoY
Effective rate
2.25%
On assessed value
Assessed land
$192,740
Assessed improvement
$814,020
Land market value
$192,740
Improvement market value
$814,020
Total market value
$1,006,760
Applied tax rate
1,112.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
4,074 SF
Lot
0.29 ac (12,849 SF)
Zoning code
B-1
APN
48-42-01-05-0190
UPID
US18-9717720
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Deerfield Beach, FL
Zoning B-1 · permitted uses
B-1 · Deerfield Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Deerfield Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
209 Hillsboro Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
215 N FEDERAL HWY, BOCA RATON, FL 33432-3994
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2021
$1,125,000
209 Hillsboro Investments LLC
Jessie Walker
Warranty Deed
—
Feb 13, 2013
$437,200
Jessie Walker
Jonahs Bait & Tackle INC
Warranty Deed
—
Apr 1, 2008
$700,000
Jonahs Bait & Tackle INC
Walker,jessie
Warranty Deed
$763,500 · Jessie Walker
—
—
Jessie Walker
—
Deed Of Trust
related
$25,000 · Ruben & Vernell Moss
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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