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

    824 8th Ave Deerfield Beach, FL 33441-5610

    • Medical offices
    • 1,463 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    5.9%
    Medical offices
    Location Intelligence
    Property ID
    US18-2921070
    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

    • Medical offices

    Property Details for 824 8th Ave

    Year built
    1976
    Construction
    CONCRETE
    Lot size
    0.05 lot acres
    Property size
    1,463 SF
    Zone code
    B-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    48-43-06-28-0190
    APU
    484306280190

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $375,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $507,000
      Market price range: $258k - $717k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $515,000
      Current use
      WAREHOUSE, STORAGE
      $450,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $435,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Deerfield Beach
    County
    Broward
    State
    Florida
    Longitude
    -80.0937
    Latitude
    26.3065
    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
    $6,656
    $63,360
    $257,280
    $320,640
    -
    $63,360
    $257,280
    $320,640

    Comparable in this City

    • Value Estimation
      $390,000
      4,529 SF

      1348 Hillsboro Blvd

      MEDICAL BUILDING • 4,529 SF
      1348 Hillsboro Blvd, Deerfield Beach, FL 33441-4241
      View Details
    • Value Estimation
      $365,000
      1,650 SF

      905 Hillsboro Blvd

      MEDICAL BUILDING • 1,650 SF
      905 Hillsboro Blvd, Deerfield Beach, FL 33441-3523
      View Details
    • Value Estimation
      $535,000
      6,525 SF

      525 Federal Hwy

      MEDICAL BUILDING • 6,525 SF
      525 Federal Hwy, Deerfield Beach, FL 33441-4100
      View Details
    • Value Estimation
      $355,000
      1,519 SF

      820 Hillsboro Blvd

      MEDICAL BUILDING • 1,519 SF
      820 Hillsboro Blvd, Deerfield Beach, FL 33441-3557
      View Details
    • Value Estimation
      $355,000
      1,680 SF

      841 8th Ave

      MEDICAL BUILDING • 1,680 SF
      841 8th Ave, Deerfield Beach, FL 33441-5609
      View Details
    • Value Estimation
      $430,000
      5,088 SF

      266 Hillsboro Blvd

      MEDICAL BUILDING • 5,088 SF
      266 Hillsboro Blvd, Deerfield Beach, FL 33441-3322
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Deerfield Beach Office Land Opportunity

      1.25-Acre Lot, High Visibility, Build Your Office
      556 Hillsboro Blvd, Deerfield Beach, FL 33441
      View Details
    • $350,000

      Established Spa/Med Spa Business

      Thriving spa/med spa business established in 2019 in Deerfield Beach, FL.
      Tbd Confidential - Kmf-00262, Deerfield Beach, FL 33441
      View Details
    • $379,000
      835 SF

      Move-in Ready Medical Office Space

      Renovated medical office in East Deerfield with ample parking.
      665 SE 10Th St, Pompano Beach, FL 33441
      View Details
    • $349,900

      Office/Retail Unit For Sale

      Commercial unit ideal for office or retail use.
      69 NE 3Rd Ave, Deerfield Beach, FL 33441
      View Details
    • Contact for pricing

      Professional Office Building Suite

      Office suite in well-maintained building with high-traffic location.
      805 E Hillsboro Blvd, 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

    Similar Nearby for Lease

    • $36 SF/Yr
      7,480 SF

      Medical Space Available for Sublease

      Pristine medical space with specialized rooms, ideal for clinics.
      1100 S Federal Hwy, Deerfield Beach, FL 33441
      View Details
    • $25 SF/Yr
      11,943 SF

      Hillsboro Executive Center Office Space

      Four-story atrium office building in Deerfield Beach for lease.
      800 Fairway Dr, Deerfield Beach, FL 33441
      View Details
    • $15 SF/Yr
      3,595 SF

      Deerfield Beach Office Space Available

      Office space for lease with convenient highway and airport access.
      378-398 SW 12Th Ave, Deerfield Beach, FL 33441
      View Details
    • $15 SF/Yr
      2,100 SF

      Deerfield Beach Office Space Available

      2,100 SF office space for lease immediately.
      450-484 SW 12Th Ave, Deerfield Beach, FL 33441
      View Details
    • $15 SF/Yr
      8,190 SF

      Renovated Office and Lab Space

      Office and lab space for lease with I-95 frontage.
      404-426 SW 12Th Ave, Deerfield Beach, FL 33441
      View Details
    • $25 SF/Yr
      1,200 SF

      Deerfield Beach Office Space For Lease

      Prime Office, 1200-2400 sq ft, Florida
      272 Hillsboro Blvd, Deerfield 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.
    824 8th Ave
    Deerfield Beach, FL 33441-5610
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.