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Property profile & analytics
OFF-MARKET
Estimated value
$10,440,000
Investment properties
233-249 21st Ave, Deerfield Beach, FL 33441
Entity Owned
5-yr Hold
Property ID
US19-0610226
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1987
Construction
CONCRETE
Total area
4,137 SF
Lot
0.8 ac (34,732 SF)
Zoning code
B-1
APN
48-43-05-02-0420
UPID
US19-0610226
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
$11.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.44M
Owner & transaction history
Sandcastle 1 LLC · 5 yrs held
Sandcastle 1 LLC
since 2021
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
B-1 · Deerfield Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$11,200,000
ML approach
$11,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.44M
Range $9.40M – $11.48M · ±10% · vs last sale $9.30M (Jun 30 2021)
Last sale anchor
$9.30M
Jun 30 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
$2,524 / 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
$158,078
Tax year 2023
Assessed value
$6,534,440
Assessed 2023
Previous assessed
$6,178,360
+5.8% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,044,390
Assessed improvement
$5,490,050
Land market value
$1,044,390
Improvement market value
$5,490,050
Total market value
$6,534,440
Applied tax rate
1,111.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
4,137 SF
Lot
0.8 ac (34,732 SF)
Zoning code
B-1
APN
48-43-05-02-0420
UPID
US19-0610226
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.
Building & site characteristics
From public records
Year built
1987
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.8 ac
Current owner
From public records · entity-resolved
Sandcastle 1 LLC
Entity
Mailing address
1065 KANE CONCOURSE STE #200, BAY HARBOR ISLANDS, FL 33154-2100
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2025
—
Sandcastle 1 LLC
—
Deed
related
$13,350,000 · Symetra Life Insurance Co
Jun 30, 2021
$9,300,000
Sandcastle 1 LLC
Atlantic Pavilion LLC
Special Warranty Deed
$14,200,000 · Apollo Bank
Jan 14, 2013
$4,700,000
Atlantic Pavilion LLC
Atlantic Pavilion Holdings LLC
Corporation Deed
$3,500,000 · First Southern Bank
Dec 15, 1998
$340,000
Patsy A Bommarito
Kinsale By The Sea Lc
Grant Deed
$272,000 · Mercantile Bank
Dec 15, 1998
—
Patsy A Bommarito
Bommarito Trust
Quit Claim Deed
related
$297,600 · Mercantile Bank
—
—
Atlantic Pavilion LLC
—
Loan Modification
related
$4,150,000 · Banco Popular
—
—
Atlantic Pavilion LLC
—
Deed Of Trust
related
$3,750,000 · City National Bank Of Florida
—
—
Atlantic Pavilion LLC
—
Deed Of Trust
related
$3,495,887 · City National Bank Of Florida
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.
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