Gas Station
New
For Sale
$400,000
632 N Dixie Hwy, Lake Worth, FL 33460
Existing gas station property with a 1950 construction year.
Property Size1,792 SF
Price / SF$223.21
Days on Market2
Property Features for 632 N Dixie Hwy
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Business Opportunity
Building Details
Year Built
1950
Listing Agency:
Blue Water Holding Group
Listed By:
Sheldon Andre · License #3406747
(561) 951-5352
Source:
Thepennteam
Added: Sep 14
Last Checked: Sep 14 at 2:35PM
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 Blue Water Holding Group
Investment Insights
Based on property information with market context.
This gas station property is identified at 632 N Dixie Hwy, FL 33460. The record reports a property size of 1,792 and a 1950 construction year.
The asset is classified as a gas station, with additional property-type categorization covering automotive and retail uses.
The asset is classified as a gas station, with additional property-type categorization covering automotive and retail uses.
Key Highlights
- Gas station property at 632 N Dixie Hwy, FL 33460
- Property size reported as 1,792
- Year built: 1950
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
$34,498
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
8.62%
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%
$689,960
$690.0K
Cap Rate 7%
$492,829
$492.8K
Cap Rate 9%
$383,311
$383.3K
Market Conditions
NOI Build-Up for 1,792 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
$49.5K $27.60/SF
− Vacancy
−$3.5K −$1.93/SF
EGI
$46.0K $25.67/SF
− OpEx
−$11.5K −$6.42/SF
NOI
$34.5K $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%
$689,960
Cap Rate 7%
$492,829
Cap Rate 9%
$383,311
Alternative Uses
Best Use
Specialty Retail
$492.8K
$431.2K – $575.0K
NOI $34,498 @ 7.0% cap · market cap 8.62%
Second Best
Retail
$432.9K
$378.8K – $505.0K
NOI $30,301 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,342 @ 7.0% cap · market cap 22.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,854
Businesses Nearby
89k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 31%
Dining 21%
Home Improvements & Furnishings 4%
Publix
Groceries
38,069 visits/mo
0.3 miles
Starbucks
Dining
10,491 visits/mo
0.4 miles
Wells Fargo
Shops & Services
8,020 visits/mo
0.4 miles
Burger King
Dining
7,850 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,680 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Existing gas station property with a 1950 construction year.
Where is this gas station located?
The property is located at 632 N Dixie Hwy Lake Worth, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Gas station property at 632 N Dixie Hwy, FL 33460; Property size reported as 1,792; Year built: 1950
