Retail/Warehouse Flex
922/928 S Dixie Highway 922 & 928 & Back & Up Lake Worth, FL 33460
922/928 S Dixie Highway 922 & 928 & Back & Up, Lake Worth, FL, 33460
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For Sale
Contact for pricing
Retail/warehouse building with four bays, four entrances, and four meters, plus bathroom plumbing for additional baths.
Property Size5,259 SF
Price / SF$277.62
Days on Market1157
Property Features for 922/928 S Dixie Highway 922 & 928 & Back & Up
General Information
- Standard status
- Active
- Size
- 5,259 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1947
Listing agency
Coastline Realty, Inc.
(561) 722-9643
Listed by
Jon Faust · License #590401
Source
Crexi
Added: May 23, 2023 Updated: Jul 21 at 7:39AM Checked: Jul 21 at 7:39AM
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.
922 S Dixie consists of a retail/warehouse space originally made of 4 bays. The building still has 4 entrances and 4 meters, along with a bathroom plus plumbing for possible additional baths.
The parcel also includes 921 S J St, a 4-bedroom, 2-bath home with a laundry room, updated kitchen, garage, and 2 off-street parking spaces, as well as 928 S Dixie Hwy, which is another retail/warehouse plus office and bath with a garage.
The combined properties are described as being close to downtown and I-95, with noted traffic along Dixie Hwy.
The parcel also includes 921 S J St, a 4-bedroom, 2-bath home with a laundry room, updated kitchen, garage, and 2 off-street parking spaces, as well as 928 S Dixie Hwy, which is another retail/warehouse plus office and bath with a garage.
The combined properties are described as being close to downtown and I-95, with noted traffic along Dixie Hwy.
Key Highlights
- 922 S Dixie: retail/warehouse originally made of 4 bays with 4 entrances and 4 meters
- 922 S Dixie includes a bathroom plus plumbing for possible additional baths
- Also includes 921 S J St: 4‑bedroom, 2‑bath home with laundry room, updated kitchen, garage, and 2 off‑street parking spaces
Local Financial Insights For Flex RnD
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 | $189.3k | $36.00 |
| − Vacancy | −$11.4k | −$2.16 |
| EGI | $178.0k | $33.84 |
| − OpEx | −$62.3k | −$11.84 |
| NOI | $115.7k | $22.00 |
5,259 SF · lease $36.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.65M
$1.45M – $1.93M
NOI $115,677 @ 7.0% cap · market cap 7.92%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,925 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,258 @ 7.0% cap · market cap 17.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Alenka Home Food — 206 E Ocean Ave, Lantana, FL 33462
- Top Notch Catering — 516 N Dixie Hwy, Lantana, FL 33462
- Neph’s Catering Services — 132 N12th PL, Lantana, FL 33463
- The stonehouse mobile kitchen — 625 S Federal Hwy, Boynton Beach, FL 33462
- P.B.E. CATERING — 200 Hypoluxo Rd Suite 105 - 109, Hypoluxo, FL 33462
FAQs
What type of property is this?
Flex space - Retail/warehouse building with four bays, four entrances, and four meters, plus bathroom plumbing for additional baths.
Where is this flex space located?
The property is located at 922/928 S Dixie Highway 922 & 928 & Back & Up Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,460,000.
What are key features of this property?
This property features: 922 S Dixie: retail/warehouse originally made of 4 bays with 4 entrances and 4 meters; 922 S Dixie includes a bathroom plus plumbing for possible additional baths; Also includes 921 S J St: 4‑bedroom, 2‑bath home with laundry room, updated kitchen, garage, and 2 off‑street parking spaces
