Retail Warehouse with
928 S Dixie Highway Lake Worth, FL 33460
For Sale
Contact for pricing
Mixed-use retail/warehouse space with an office, bath, garage, and an upstairs apartment.
Property Size2,639 SF
Price / SF$300.11
Days on Market1159
Property Features for 928 S Dixie Highway
General Information
- Standard status
- Active
- Size
- 2,639 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1953
Listing Agency:
Coastline Realty, Inc.
(561) 722-9643
Listed By:
Jon Faust · License #590401
Source:
Crexi
Added: May 23, 2023
Changed: Jul 22
Last Checked: Jul 23 at 1:32PM
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 Coastline Realty, Inc.
Investment Insights
Based on property information with market context.
928 S Dixie is a mixed-use building combining a retail/warehouse area with an office and additional living space upstairs. The main footprint includes a front space measuring 35 x 25 feet and a rear space measuring 22 x 12.5 feet, along with a bath and a garage.
Upstairs, the property has a large 3-bedroom, 1-bath apartment with a dining room and a small courtyard. The location provides easy access to I-95, and it is less than ten blocks to downtown.
The layout supports both work and flexible on-site use, with separate levels for the office and residential apartment above the retail/warehouse area.
Upstairs, the property has a large 3-bedroom, 1-bath apartment with a dining room and a small courtyard. The location provides easy access to I-95, and it is less than ten blocks to downtown.
The layout supports both work and flexible on-site use, with separate levels for the office and residential apartment above the retail/warehouse area.
Key Highlights
- Year built 1953 mixed‑use property with retail/warehouse plus an office
- Retail/warehouse space includes a 35' x 25' front area and a 22' x 12'5" back area
- Office space included, plus a bathroom
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 | $120.3k | $45.60 |
| − Vacancy | −$27.1k | −$10.26 |
| EGI | $93.3k | $35.34 |
| − OpEx | −$23.3k | −$8.84 |
| NOI | $69.9k | $26.51 |
2,639 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$999.2K
$874.3K – $1.17M
NOI $69,947 @ 7.0% cap · market cap 8.83%
Second Best
Flex RnD
$829.2K
$725.6K – $967.5K
NOI $58,047 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,097 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Nunzi Sports Gear
Clothing Store
PrintScan - Authorized Fingerprinting ...
Fingerprinting Service
UPS Authorized Shipping ...
Courier Service
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Law Firm
PriorAuth & Medical Billing ...
Medical Billing Service
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 - Mixed-use retail/warehouse space with an office, bath, garage, and an upstairs apartment.
Where is this flex space located?
The property is located at 928 S Dixie Highway Lake Worth, FL.
What is the asking price?
The asking price for this property is $792,000.
What are key features of this property?
This property features: Year built 1953 mixed‑use property with retail/warehouse plus an office; Retail/warehouse space includes a 35' x 25' front area and a 22' x 12'5" back area; Office space included, plus a bathroom
