Flex Space with Four Bay
922 S Dixie Highway Lake Worth, FL 33460
For Sale
$680,000
COMMERCIAL - Lake Worth Beach, FL
Property Size2,226 SF
Lot Size0.15 Acres
Price / SF$305.48
Days on Market1162
Property Features for 922 S Dixie Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- MU-DH(
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 38434427010250030
- Size
- 2,226 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- ADD 1 TO TOWN OF LAKE WORTH LT 3 BLK 25
- Tax Annual Amount
- 7604
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Concrete
Listing Agency:
Coastline Realty, Inc.
(561) 588-2900
Listed By:
Jon E Faust · License #590401
(561) 722-9643
Added: May 22, 2023
Changed: Jul 23
Last Checked: Jul 26 at 12:06AM
MLS# R10891698
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
922 S Dixie is an approximate 46x19 flex space configured as four bays, with four front entrances. The building includes existing bath and plumbing for the possibility of additional baths, and has four meters on the building. The property also features two off-street parking spaces.
In addition to 922 S Dixie Highway, the offering includes 921 S J St, a 4-bedroom, 2-bath single-family home with a laundry room and garage. The home has updated electric and a kitchen with granite counters.
In addition to 922 S Dixie Highway, the offering includes 921 S J St, a 4-bedroom, 2-bath single-family home with a laundry room and garage. The home has updated electric and a kitchen with granite counters.
Key Highlights
- Approx 46x19 building with 4 bays and 4 front entrances
- Bathroom and plumbing in place for potentially adding more baths
- Central heating and central air
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.1k | $36.00 |
| − Vacancy | −$4.8k | −$2.16 |
| EGI | $75.3k | $33.84 |
| − OpEx | −$26.4k | −$11.84 |
| NOI | $49.0k | $22.00 |
2,226 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$699.5K
$612.0K – $816.1K
NOI $48,963 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$489.1K
$427.9K – $570.6K
NOI $34,234 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,737 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- The Silver Spoon - A Personal Chef Service — 1425 Cochran Dr, Lake Worth Beach, FL 33461
- Island Kitchen Catering & Events | Palm Beach — 1712 S Dixie Hwy, Lake Worth Beach, FL 33460
- Bunny and Babes Mobile Bartending — 1117 15th Ave S, Lake Worth Beach, FL 33460
- Catering Solutions — 1712 S Dixie Hwy, Lake Worth Beach, FL 33460
FAQs
What type of property is this?
Flex space - Approx. 46x19 flex space with four front entrances, existing bath/plumbing, and 4 meters, plus two off-street parking spaces.
Where is this flex space located?
The property is located at 922 S Dixie Highway Lake Worth, FL.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Approx 46x19 building with 4 bays and 4 front entrances; Bathroom and plumbing in place for potentially adding more baths; Central heating and central air
