Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    247 1st Ter Deerfield Beach, FL 33441-3903

    • Retail residential properties
    • 3,432 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Apr 11, 2022
    $670,000
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    7.9%
    Retail residential properties
    Location Intelligence
    Property ID
    US18-4275567
    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.

    Current Use by Public Records

    • Retail residential properties

    Property Details for 247 1st Ter

    Year built
    1960
    Construction
    CONCRETE
    Lot size
    0.50 lot acres
    Property size
    3,432 SF
    Zone code
    LAC
    Property type
    Retail residential properties
    APN
    48-43-06-06-0170
    APU
    484306060170

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $555,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $675,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.1016
    Latitude
    26.315
    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
    $13,945
    $153,310
    $463,100
    $616,410
    -
    $153,310
    $463,100
    $616,410

    Comparable in this City

    • Value Estimation
      $3,185,000
      12,814 SF

      1645 3rd Ct

      STORE/OFFICE (MIXED USE) • 12,814 SF
      1645 3rd Ct, Deerfield Beach, FL 33441-4465
      View Details
    • Value Estimation
      $2,290,000
      6,642 SF

      1600 Hillsboro Blvd

      STORES & APARTMENTS • 6,642 SF
      1600 Hillsboro Blvd, Deerfield Beach, FL 33441-4330
      View Details
    • Value Estimation
      $2,065,000
      8,116 SF

      286 1st Ter Ste, Unit 102

      STORES & APARTMENTS • 8,116 SF
      286 1st Ter Ste, Deerfield Beach, FL 33441-3457
      View Details
    • Value Estimation by Request
      1,335 SF

      822 9th St

      STORES & APARTMENTS • 1,335 SF
      822 9th St, Deerfield Beach, FL 33441-5646
      View Details
    • Value Estimation
      $2,035,000
      5,647 SF

      2030-2032 2nd St

      STORES & APARTMENTS • 5,647 SF
      2030-2032 2nd St, Deerfield Beach, FL 33441
      View Details
    • Value Estimation
      $3,635,000
      10,446 SF

      201 15th Ter

      STORE/OFFICE (MIXED USE) • 10,446 SF
      201 15th Ter, Deerfield Beach, FL 33441-4464
      View Details

    Similar Nearby for Sale

    • $580,000
      1,596 SF

      Deerfield Beach Mixed-Use Property

      Prime Development Opportunity, High ARV Potential
      107 2 Ct, Deerfield Beach, FL 33441
      View Details
    • $650,000

      Deerfield Beach Office Building

      13-Unit Office Building, $650,000
      229 10Th Ave, Deerfield Beach, FL 33441
      View Details
    • $17,250,000

      Rare High School Campus Opportunity

      10-acre high school campus in NE Broward County.
      959 SE 6Th Ave, Deerfield Beach, FL 33441
      View Details
    • $1,500,000
      3,154 SF

      Deerfield Beach Quadplex

      Newly built four-family apartments near Deerfield Beach.
      Deerfield Beach, FL 33441
      View Details
    • $565,000
      0.27 Acres

      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
    • $850,000

      Renovated Duplex Near Deerfield Beach

      Renovated duplex, one mile from the ocean, move-in ready.
      216-218 NE 9Th Ave, Deerfield Beach, FL 33441
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,530 SF

      Pompano Beach Warehouse Space

      4,530 SF warehouse space available for lease.
      1850 NW 15Th Ave, Pompano Beach, FL 33441
      View Details
    • Contact for pricing
      1,100 SF

      Pompano Beach Warehouse Space Available

      Versatile 1,100 SF warehouse space with high traffic exposure.
      501 S Dixie Hwy E, Pompano Beach, FL 33441
      View Details
    • $15 SF/Yr
      7,652 SF

      Deerfield Beach Office Space Available

      Office space for lease with convenient highway and airport access.
      350-356 SW 12Th Ave, Deerfield Beach, FL 33441
      View Details
    • $539,000
      1,208 SF

      Coconut Creek Office Space Available

      Office space for rent in Coconut Creek's Hillsboro Executive Park.
      4851-4855 W Hillsboro Blvd, Coconut Creek, FL 33441
      View Details
    • Contact for pricing

      Prime Land Parcel Near I-95

      Two-acre land parcel adjacent to I-95 in Deerfield Beach.
      1345 SW 11Th Way, Deerfield Beach, FL 33441
      View Details
    • $5,950 /Mo

      Commercial Lot in Deerfield Beach

      High-visibility vacant commercial land for lease in central Deerfield Beach.
      70 SW 1St Ct, Pompano Beach, FL 33441
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    247 1st Ter
    Deerfield Beach, FL 33441-3903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.