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    2215 Hillsboro Blvd, Unit 2265 Deerfield Beach, FL 33442-1108
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    Property profile & analytics

    2215 Hillsboro Blvd, Unit 2265 Deerfield Beach, FL 33442-1108

    View on Map
    • Retail space
    • 43,791 SF
    • 4.12 lot acres
    Off-Market
    Property ID
    US18-4588172
    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
    $8,400,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 2215 Hillsboro Blvd

    Year built
    1981
    Construction
    CONCRETE
    Lot size
    4.12 lot acres
    Property size
    43,791 SF
    Zone code
    B-1
    Property type
    Retail space
    APN
    48-42-02-03-0010
    APU
    484202030010

    Description

    This exceptional single-tenant retail space, located at 2215 W Hillsboro Blvd in Deerfield Beach, Florida, presents a unique investment opportunity. The property, built in 1982, boasts a total of 3,700 square feet on a single story, with 500 square feet currently vacant. The zoning is B-1, allowing for a variety of uses. The property's APN is 484202030010. Its ideal location makes it suitable for a range of businesses, including a delicatessen, insurance office, coffee shop, small auto parts store, or even a medical office. The existing patio area offers additional space, potentially increasing the usable area by 500 square feet at no extra cost. This space is easily adaptable to accommodate live music events. The property is readily available for viewing. This is a fantastic chance to acquire a well-situated retail property in a thriving Florida community. The property is conveniently located in Deerfield Beach, FL, zip code 33442, offering easy access to major transportation routes and a strong customer base. This single-suite building presents a straightforward and efficient investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,060,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1339
    Latitude
    26.3185
    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
    $210,567
    $2,152,810
    $7,198,450
    $9,351,260
    -
    $2,152,810
    $7,198,450
    $9,351,260

    Comparable in this City

    • Value Estimation
      $3,370,000
      17,569 SF

      2201 Hillsboro Blvd, Unit 2207

      RETAIL STORES (PERSONAL SERVICES) • 17,569 SF
      2201 Hillsboro Blvd, Deerfield Beach, FL 33442-1109
      View Details
    • Value Estimation
      $4,430,000
      25,112 SF

      103 Powerline Rd, Unit 163

      RETAIL STORES (PERSONAL SERVICES) • 25,112 SF
      103 Powerline Rd, Deerfield Beach, FL 33442-8037
      View Details
    • Value Estimation
      $4,480,000
      19,894 SF

      3432 Hillsboro Blvd, Unit 3456

      RETAIL STORES (PERSONAL SERVICES) • 19,894 SF
      3432 Hillsboro Blvd, Deerfield Beach, FL 33442-9419
      View Details
    • Value Estimation
      $2,685,000
      10,506 SF

      2100 10th St Ste A

      RETAIL STORES (PERSONAL SERVICES) • 10,506 SF
      2100 10th St Ste A, Deerfield Beach, FL 33442-7690
      View Details
    • Value Estimation
      $1,500,000
      4,897 SF

      2745 Hillsboro Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,897 SF
      2745 Hillsboro Blvd, Deerfield Beach, FL 33442-8491
      View Details
    • Value Estimation by Request
      2,252 SF

      336 Powerline Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,252 SF
      336 Powerline Rd, Deerfield Beach, FL 33442-8105
      View Details

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    Similar Nearby for Lease

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      1,210 SF

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      Retail spaces available in high-traffic Planet Fitness Plaza.
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      10,000 SF

      Freestanding Building with Walled Courtyard

      20,000 SF building on 4 acres with ample parking.
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      Retail Space in Deerfield Beach

      Retail space for lease in active Deerfield Beach shopping center.
      404 S Powerline Rd, Deerfield Beach, FL 33442
      View Details
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      409,390 SF

      Deerfield Beach Retail Center

      Prime Retail Space Available, Broward County
      0 Hillsboro Blvd & Powerline, Deerfield Beach, FL 33442
      View Details
    • Contact for pricing
      1,738 SF

      Retail Space in Deerfield Beach

      Retail space available in community power center.
      3600-3644 W Hillsboro Blvd, Deerfield Beach, FL 33442
      View Details
    • Contact for pricing
      163 SF

      Retail Space on Hillsboro Blvd

      Retail space with high visibility and strong tenant mix.
      1856-1898 W Hillsboro Blvd, Deerfield Beach, FL 33442
      View Details
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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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    2215 Hillsboro Blvd, Deerfield Beach, FL, 33442
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