Turnkey Office Building
1032 N Dixie Hwy Lake Worth, FL 33460
For Sale
Contact for pricing
Office building fully transformed in 2023, designed for modern, efficient workspace use and ready for immediate move-in.
Property Size14,000 SF
Price / SF$555
Days on Market87
Property Features for 1032 N Dixie Hwy
General Information
- Standard status
- Active
- Size
- 14,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1930
Listing Agency:
Strategic Realty Services
(561) 471-5353
Listed By:
Christopher Fleming · License #FL BK441500
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 1:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Strategic Realty Services
Investment Insights
Based on property information with market context.
This office building was completely reimagined in 2023 with a top-to-bottom transformation. It was originally renovated for the current owner’s business, with extensive improvements intended to deliver a modern, efficient, and aesthetically updated work environment. With the owner relocating, the property is now available for purchase as a “move-in tomorrow” opportunity.
The property is located at 1032 N Dixie Hwy in Lake Worth Beach, Florida, and is being brought to market due to the business relocation.
Designed around the needs of the current tenant, the building offers a newly updated interior built to support a streamlined office setup, with no additional build-out required for an incoming owner using the space in a similar manner.
The property is located at 1032 N Dixie Hwy in Lake Worth Beach, Florida, and is being brought to market due to the business relocation.
Designed around the needs of the current tenant, the building offers a newly updated interior built to support a streamlined office setup, with no additional build-out required for an incoming owner using the space in a similar manner.
Key Highlights
- Office building originally built in 1930
- Complete top‑to‑bottom transformation completed in 2023
- Renovations were designed for modern, efficient workspace use
Financial Insights For Office B
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 | $638.4k | $45.60 |
| − Vacancy | −$143.6k | −$10.26 |
| EGI | $494.8k | $35.34 |
| − OpEx | −$123.7k | −$8.84 |
| NOI | $371.1k | $26.51 |
14,000 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.30M
$4.64M – $6.18M
NOI $371,070 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.86M
$8.63M – $11.50M
NOI $690,171 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Memorial Plan Funeral ...
Social Service Agency
Herff Jones Palm ...
Photography Service
FAQs
What type of property is this?
Office building - Office building fully transformed in 2023, designed for modern, efficient workspace use and ready for immediate move-in.
Where is this office building located?
The property is located at 1032 N Dixie Hwy Lake Worth, FL.
What is the asking price?
The asking price for this property is $7,770,000.
What are key features of this property?
This property features: Office building originally built in 1930; Complete top‑to‑bottom transformation completed in 2023; Renovations were designed for modern, efficient workspace use
