Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    922 S Dixie Highway Lake Worth, FL 33460

    View on Map
    Claim this Listing
    For Sale
    $668,000

    COMMERCIAL - Lake Worth Beach, FL

    Property size:
    2,226 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $300/SF
    Added:
    May 22, 2023
    Days on Market:
    1082
    Last Refresh:
    May 7 at 7:06 am

    Property Features for 922 S Dixie Highway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    MU-DH(
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    38434427010250030
    Size
    2,226 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    ADD 1 TO TOWN OF LAKE WORTH LT 3 BLK 25
    Tax Annual Amount
    7604

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1947
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Concrete

    We can help!

    Listing Contact
    Jon E Faust

    Listing agent Jon E Faust License #590401

    Listing office Coastline Realty, Inc. 511 Lake Avenue, Lake Worth, FL

    Listing date May 22, 2023

    MLS# R10891698

    Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two properties on one lot: commercial space (922 S Dixie) and a 4‑bedroom residential home (921 S J St).
    • Commercial space (922 S Dixie) has 4 bays/entrances and 4 meters.
    • Residential home (921 S J St) features updated electric and kitchen with granite counters.
    • Residential home (921 S J St) includes 4 bedrooms, 2 bathrooms, laundry room and garage.
    • Central heating and central air conditioning.
    • Two off‑street parking spaces.

    Overview

    Mixed-Use Property in Lake Worth

    The property at 922 S Dixie consists of an approximately 46x19 commercial space with 4 bays, each having its own front entrance. The existing plumbing allows for the possible addition of more bathrooms. The building is equipped with 4 meters. Additionally, the property includes 921 S J St, a single-family home featuring 4 bedrooms, 2 bathrooms, a laundry room, and a garage. The home has an updated electric system and a kitchen with granite counters. There are 2 off-street parking spaces available. The lot size is 0.15 acres. The property is located in Lake Worth Beach, FL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.057466
    Latitude
    26.604166

    Nearby Similar for Sale

    • $949,000
      2,144 SF

      Lake Worth Beach Multifamily Property

      Four-unit multifamily property in Lake Worth Beach, Florida.
      802 N J Street, Lake Worth Beach, FL 33460
      View Details
    • $945,000
      1,806 SF

      Lake Worth Fourplex on Corner Lot

      Fourplex in Lake Worth Beach with mixed-use zoning.
      1625 S Federal Hwy, Lake Worth, FL 33460
      View Details
    • $620,000
      1,487 SF

      Updated Home with Income Potential

      Charming home with a detached guest cottage for rental income.
      915 N K Street, Lake Worth Beach, FL 33460
      View Details
    • $800

      Equestrian Estate Near Wellington

      Equestrian facility with stalls, living options, and arenas.
      10601 Tamis Trail, Lake Worth, FL 33449
      View Details
    • $5,000

      Equestrian Estate Near WEF

      Equestrian facility with stalls, living options, and arenas.
      10601 Tamis Trail, Lake Worth, FL 33449
      View Details
    • $899,000
      2,024 SF

      Lake Worth Beach Quadplex

      Turn-key quadplex near beach and shops in Lake Worth Beach.
      226 S Palmway, Lake Worth Beach, FL 33460
      View Details
    • $1,100,000
      2,420 SF

      Lake Worth Beach Multifamily Property

      Four units near the beach with modern, high-end finishes.
      502 N H Street, Lake Worth Beach, FL 33460
      View Details
    • $549,000
      1,643 SF

      Lake Worth Income-Producing Duplex

      Remodeled duplex on a large corner lot in Lake Worth.
      3910 Holden Lane, Lake Worth, FL 33461
      View Details
    • $675,000
      1,640 SF

      Three Homes, One Corner Lot

      Three single-family homes on one corner lot near the beach.
      401 S L Street, Lake Worth Beach, FL 33460
      View Details
    • $739,500
      2,200 SF

      Light Industrial Condo Near I95

      2200 SF flex warehouse with offices near I-95.
      3677 23 Ave S B104, Lake Worth Beach, FL 33461
      View Details
    • $2,500,000

      Profitable Distributor Business Opportunity

      Turnkey bathroom and kitchen distributor with high margins and market leadership.
      Lake Worth, FL 33461
      View Details
    • $1,900,000
      4,233 SF

      Established Supermarket with Land

      Freestanding commercial property with fully operational grocery store.
      Lake Worth, FL 33461
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring commercial space and a single-family home.
    Where is this mixed-use property located?
    The property is located at 922 S Dixie Highway Lake Worth, FL.
    What is the asking price?
    The asking price for this property is $668,000.
    What are key features of this property?
    This property features: Two properties on one lot: commercial space (922 S Dixie) and a 4‑bedroom residential home (921 S J St).; Commercial space (922 S Dixie) has 4 bays/entrances and 4 meters.; Residential home (921 S J St) features **updated electric and kitchen with granite counters.**
    (561) 722-9643
    We can help!
    Listing Contact
    Jon E Faust
    Real Estate License ID: 590401
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    922 S Dixie Highway, Lake Worth Beach, FL 33460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!