1197 Military TrlDeerfield Beach, FL 33442

Property Details for 1197 Military Trl

Year built

1987

Lot size

0.11 AC

Zone code

B-1

Property type

Retail properties

Property subtype

Parking lots & garages

APN

48-42-11-06-0024

APU

484211060024

Description

This 3,093 square foot vacant building presents a prime redevelopment opportunity in Deerfield Beach, Florida. Situated on a 1.34-acre lot, this single-story structure boasts a highly visible location on S Military Trail, between Palm Trails Plaza and Sawgrass Promenade. The property benefits from exceptional daily traffic counts (approximately 29,000 vehicles on S Military Trail and 73,200 at the nearby intersection of S Military Trail and SW 10th Street). Its Business Community (B-1) zoning allows for versatile commercial uses. The location offers convenient access to major roadways including I-95, US Route 1, the Sawgrass Expressway, and the Florida Turnpike, placing it within easy reach of a substantial population base. Within a 5-mile radius, there are over 330,000 people with an average household income exceeding $112,000, and over 205,000 employees. The area is densely populated with residential neighborhoods and boasts a strong retail presence, including national chains like Walmart, Publix, Target, and many restaurants. Previously occupied by Wendy's until Q2 2024, this property offers significant potential for a variety of QSR or restaurant concepts, or other compatible businesses. The property is 800 feet from SW 10th Street and 3.2 miles from Broward Health North.

• CAP approach

  CAP return

  Valuation

  6%

  $1,943,547

  6.5%

  $1,794,043

  7%

  $1,665,897

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,339,990

  Geo Method

  $2,339,990

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,343

  Hospitality

  $1,386,214

  Educational

  $1,153,314

  Medical

  $1,192,978

  Retail

  $1,794,043

Location Insight

City

Deerfield Beach

County

Broward

State

Florida

Latitude

26.3023

Longitude

-80.1318

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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