Two-Story Mixed-Use
407 S Dixie Hwy, Lake Worth, FL 33460
For Sale
New
$2,000,000
Office suites and retail space share the building, with on-site parking and one-year tenant leases.
Property Size3,314 SF
Price / SF$603.50
Days on Market3
Property Features for 407 S Dixie Hwy
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Mixed-Use Components
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Amenities
on site parking
0.30177 acres
Parcel Number: 38434421151490170, Public Survey Range: 38, Public Survey Section: 21, Public Survey Township: 38, Annual Amount: $16,142, Legal Description: LAKE WORTH TOWN OF LT 17 (LESS E 5 FT S DIXIE HWY & RTN CRV AREA R/WS), LT 18 (LESS E 5 FT S DIXIE HWY R/W) & LTS 19 & 20 (LESS E 2 FT, Zoning: MU-DH (c
Listing ID: A12121262, Standard Status: Active, MLS Status: Active, Property Subtype: Mixed Use, On market as of 2026-11-10, Special Conditions: Sale
Built in 1983, Living area: 3314, Living area units: Square Feet, 1 building
County/Parish: Palm Beach County
Leasable area units: Square Feet
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
ONE Commercial LLC
(305) 666-0562
Listed By:
Zachariah Statlander · License FL #3571691
(561) 702-2015
Source:
Riserealty
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:17PM
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 ONE Commercial LLC
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Investment Insights
Based on property information with market context.
Built in 1983, this two-story property combines professional office suites with retail space. On-site parking serves the building, and tenants hold one-year leases.
The property is at 407 S Dixie Hwy in Lake Worth Beach, Florida, along the S Dixie Highway corridor and south of Lake Avenue. Its location is near residential neighborhoods, local businesses, and commercial districts.
The property is at 407 S Dixie Hwy in Lake Worth Beach, Florida, along the S Dixie Highway corridor and south of Lake Avenue. Its location is near residential neighborhoods, local businesses, and commercial districts.
Key Highlights
- Office and retail uses in a two‑story building
- Built in 1983
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,718
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,360
$2.1M
Cap Rate 7%
$1,510,257
$1.5M
Cap Rate 9%
$1,174,644
$1.2M
Market Conditions
NOI Build-Up for 3,314 SF
Gross rent
$165.8K $50.04/SF
− Vacancy
−$24.9K −$7.51/SF
EGI
$141.0K $42.53/SF
− OpEx
−$35.2K −$10.63/SF
NOI
$105.7K $31.90/SF
Area
Palm Beach County, FL
Vacancy
15.00%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,114,360
Cap Rate 7%
$1,510,257
Cap Rate 9%
$1,174,644
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,718 @ 7.0% cap · market cap 5.29%
Second Best
Mixed Use
$667.5K
$584.1K – $778.8K
NOI $46,727 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,373 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,955
Businesses Nearby
Explore this area
Business Placement
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
$333,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Palm Beach County, FL
Properties on Market for Mixed-use properties in Palm Beach County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office suites and retail space share the building, with on-site parking and one-year tenant leases.
Where is this mixed-use property located?
The property is located at 407 S Dixie Hwy Lake Worth, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Office and retail uses in a two‑story building; Built in 1983; On‑site parking
