Flex Space with Four Bay
For Sale
$680,000
922 S Dixie Highway, Lake Worth, FL 33460
Commercial Sale, Lake Worth Beach, FL
Property Size2,226 SF
Lot Size0.15 Acres
Price / SF$305.48
Days on Market1207
Property Features for 922 S Dixie Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU-DH(
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
I95 to 6th Ave S go East to Dixie Hwy, South 3 blocks to property on East side
Subdivision
5610
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
Legal Description
ADD 1 TO TOWN OF LAKE WORTH LT 3 BLK 25
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: Sep 4
Last Checked: Sep 9 at 2:06AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,399
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,980
$768.0K
Cap Rate 7%
$548,557
$548.6K
Cap Rate 9%
$426,656
$426.7K
Market Conditions
NOI Build-Up for 2,226 SF
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.
Gross rent
$66.8K $30.00/SF
− Vacancy
−$5.3K −$2.40/SF
EGI
$61.4K $27.60/SF
− OpEx
−$23.0K −$10.35/SF
NOI
$38.4K $17.25/SF
Area
Palm Beach County, FL
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,980
Cap Rate 7%
$548,557
Cap Rate 9%
$426,656
Alternative Uses
Best Use
Mixed Use
$548.6K
$480.0K – $640.0K
NOI $38,399 @ 7.0% cap · market cap 5.65%
Second Best
Retail
$537.7K
$470.5K – $627.3K
NOI $37,640 @ 7.0% cap · market cap 5.54%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
735
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 31%
Groceries 20%
Electronics 1%
Bravo Supermarkets
Groceries
9,962 visits/mo
0.3 miles
Chevron
Shops & Services
9,958 visits/mo
0.3 miles
Dunkin' Donuts
Dining
8,743 visits/mo
0.3 miles
Checkers
Dining
6,666 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,293 visits/mo
0.2 miles
Demographics for 33460, FL
36,409
Population
14,769
Households
2.5
Avg Household Size
36
Median Age
24%
College-Educated
72%
High-School Grad
4.7 sq mi
ZIP Area
7,747
Density / Sq Mi
$61,702
Median Household Income
$32,388
Median Earnings
$1,411
Median Rent
$333,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Approx. 46x19 flex space with four front entrances, existing bath/plumbing, and 4 meters, plus two off-street parking spaces.
Where is this mixed-use property 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
