Two-Storefront Mixed-Use
For Sale
$1,350,000
630 S Dixie Highway Unit 1, Lake Worth, FL 33460
Corner commercial building with two operating storefronts, MU-DIXIE zoning, and an established long-term lease in place.
Property Size3,160 SF
Price / SF$427.22
Days on Market852
Property Features for 630 S Dixie Highway Unit 1
General Information
Standard status
Active
Size
3,160 SF
Property subtype
Mixed Use
Zoning
MU-DIXIE
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$11,432
Amenities
3
Building Details
Year Built
1958
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
LPT Realty, LLC
(561) 536-3725
Listed By:
Michael Luciano · License #3371345
(561) 536-3725
Source:
Xome
Added: May 2, 2024
Changed: Aug 30
Last Checked: Aug 30 at 2:00PM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This freestanding mixed-use property contains two storefronts totaling 3,160 square feet. The current occupants include a convenience store and laundromat, with a long-term lease in place. The property was built in 1958 and includes on-site parking.
Positioned on a corner along a main thoroughfare in Lake Worth Beach, the building is less than 1 mile from I-95 and surrounded by new development. MU-DIXIE zoning, identified as Mixed Use Dixie Highway, supports a range of commercial uses and development opportunities. The existing businesses may also be acquired with the real estate.
Positioned on a corner along a main thoroughfare in Lake Worth Beach, the building is less than 1 mile from I-95 and surrounded by new development. MU-DIXIE zoning, identified as Mixed Use Dixie Highway, supports a range of commercial uses and development opportunities. The existing businesses may also be acquired with the real estate.
Key Highlights
- 3,160‑square‑foot freestanding commercial building
- Two storefronts occupied by a convenience store and laundromat
- Long‑term lease in place with current occupants
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
$60,833
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
4.51%
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%
$1,216,660
$1.2M
Cap Rate 7%
$869,043
$869.0K
Cap Rate 9%
$675,922
$675.9K
Market Conditions
NOI Build-Up for 3,160 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
$87.2K $27.60/SF
− Vacancy
−$6.1K −$1.93/SF
EGI
$81.1K $25.67/SF
− OpEx
−$20.3K −$6.42/SF
NOI
$60.8K $19.25/SF
Area
Palm Beach County, FL
Vacancy
7.00%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,216,660
Cap Rate 7%
$869,043
Cap Rate 9%
$675,922
Alternative Uses
Best Use
Specialty Retail
$869.0K
$760.4K – $1.01M
NOI $60,833 @ 7.0% cap · market cap 4.51%
Second Best
Mixed Use
$778.7K
$681.4K – $908.5K
NOI $54,510 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,781 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 34%
Groceries 20%
Electronics 1%
Bravo Supermarkets
Groceries
9,962 visits/mo
0.4 miles
Chevron
Shops & Services
9,958 visits/mo
0.1 miles
Dunkin' Donuts
Dining
8,743 visits/mo
0.1 miles
Checkers
Dining
6,666 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,293 visits/mo
0.4 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 - Corner commercial building with two operating storefronts, MU-DIXIE zoning, and an established long-term lease in place.
Where is this mixed-use property located?
The property is located at 630 S Dixie Highway Unit 1 Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,160‑square‑foot freestanding commercial building; Two storefronts occupied by a convenience store and laundromat; Long‑term lease in place with current occupants
