Retail/Warehouse Building with Four
922928 S Dixie Highway Unit 922 & 92 Lake Worth, FL 33460
For Sale
$1,500,000
Retail/warehouse space with four bays, four entrances, and four meters plus bathroom plumbing for potential additional fixtures.
Property Size5,259 SF
Price / SF$285.23
Days on Market1168
Property Features for 922928 S Dixie Highway Unit 922 & 92
General Information
Standard status
Active
Size
5,259 SF
Property subtype
General Commercial
Building Details
Year Built
1947
Listing Agency:
Coastline Realty, Inc.
(561) 722-9643
Listed By:
Jon Faust · License #590401
(561) 722-9643
Source:
Xome
Added: May 19, 2023
Changed: Jul 26
Last Checked: Jul 29 at 3:54AM
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 Highway Unit 922 & 92 is a retail/warehouse space originally built as four bays. The property retains four entrances and four meters, along with a bathroom and plumbing that could support additional bath fixtures.
The parcel also includes 921 S J St, a 4-bedroom, 2-bath home with a laundry room, updated kitchen, garage, and two off-street parking spaces. Additionally, 928 S Dixie Hwy is included as a retail/warehouse plus office and bath, along with a garage. The combined holdings are described as being close to downtown and I-95 in Lake Worth Beach.
The parcel also includes 921 S J St, a 4-bedroom, 2-bath home with a laundry room, updated kitchen, garage, and two off-street parking spaces. Additionally, 928 S Dixie Hwy is included as a retail/warehouse plus office and bath, along with a garage. The combined holdings are described as being close to downtown and I-95 in Lake Worth Beach.
Key Highlights
- 922 S Dixie: retail/warehouse space built in 4 bays, with 4 entrances and 4 meters
- Bathroom plus plumbing in place, allowing for possible additional baths/fixtures
- Property package includes 921 S J St, a 4‑bedroom, 2‑bath home with updated kitchen and laundry room
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 7.71%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,925 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$3.70M
$3.24M – $4.32M
NOI $259,258 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Retail/warehouse space with four bays, four entrances, and four meters plus bathroom plumbing for potential additional fixtures.
Where is this flex space located?
The property is located at 922928 S Dixie Highway Unit 922 & 92 Lake Worth, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 922 S Dixie: retail/warehouse space built in 4 bays, with 4 entrances and 4 meters; Bathroom plus plumbing in place, allowing for possible additional baths/fixtures; Property package includes 921 S J St, a 4‑bedroom, 2‑bath home with updated kitchen and laundry room
