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828 SE 8th Ave 1,760 SF Vacant Office Building Deerfield Beach, FL 33441 $880,000 ($500/SF)



INVESTMENT HIGHLIGHTS
- Heavy day time traffic
- 9 suites with hot and cold water for sink
EXECUTIVE SUMMARY
We are proud to present the Palm Plaza Mixed-use value add opportunity in the Northeast Broward County Coastal Community of Deerfield Beach, FL. The two story property is located in the retail dense, Federal highway corridor featuring average daily traffic of 37,500 cars. The driving distance to the beach access is less than two and a half miles. The surrounding retail sector has seen a boom in recent years, making Palm Plaza a prime owner/user opportunity. Zoning is desirable B-1,allowing significant flexibility in zoning allowances such as many retail and office uses. Demand drives in the area are high including proximity and access to strong neighborhood demographics. Both stories are consist in 9 individual suites with hot and cold water with drain ,one kitchen and 1 bath on each floor. Each floor can be rent a suites for a different business owners or have your own business in one floor and rent the other to pay yours expensive.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$94,800
|
$53.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,800
|
$53.86
|
| Taxes |
$9,163
|
$5.21
|
| Operating Expenses |
$337
|
$0.19
|
| Total Expenses |
$9,500
|
$5.40
|
| Net Operating Income |
$85,300
|
$48.47
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $53.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,800 |
| Annual Per SF | $53.86 |
| Taxes | |
|---|---|
| Annual | $9,163 |
| Annual Per SF | $5.21 |
| Operating Expenses | |
|---|---|
| Annual | $337 |
| Annual Per SF | $0.19 |
| Total Expenses | |
|---|---|
| Annual | $9,500 |
| Annual Per SF | $5.40 |
| Net Operating Income | |
|---|---|
| Annual | $85,300 |
| Annual Per SF | $48.47 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
1,760 SF
Building Class
B
Year Built
1996
Price
$880,000
Price Per SF
$500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
880 SF
Building FAR
1.01
Lot Size
0.04 AC
Zoning
B-1 - Business Commercial,office,business & professional
Parking
30 Spaces (17.05 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Air Conditioning
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 48-43-06-28-0180 | Total Assessment | $440,360 (2025) |
| Land Assessment | $52,800 (2025) | Annual Taxes | $9,163 ($5.21/SF) |
| Improvements Assessment | $387,560 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
48-43-06-28-0180
Land Assessment
$52,800 (2025)
Improvements Assessment
$387,560 (2025)
Total Assessment
$440,360 (2025)
Annual Taxes
$9,163 ($5.21/SF)
Tax Year
2024
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Presented by
D & A Suites Inc
828 SE 8th Ave
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