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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Office buildings
1016 Dixie Hwy, West Palm Beach, FL 33401-3304
Entity Owned
24-yr Hold
~
Est. High Equity
Property ID
US18-4069862
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1951
Construction
CONCRETE
Total area
6,176 SF
Lot
1.1 ac (47,916 SF)
Zoning code
BPD-5
APN
74-43-43-15-19-004-0010
UPID
US18-4069862
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Glade Healthcare Foundation Charitable Organization
-
DePorres Place Adult Literacy Center Training Center Vocational School
-
YWCA Palm Beach County Charitable Organization Social Service Agency
-
Curso de inglés High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$2.49M
Owner & transaction history
Ibh Enterprises Ltd Lllp · 24 yrs held
Ibh Enterprises Ltd Lllp
since 2002
4 recorded transactions
Zoning & alternative use
BPD-5 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.7M
+41.7%
Retail stores
$3.5M
+36.3%
Medical building
$3.3M
+28.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,595,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,680,000
Change: +42% · Conversion: Easy
RETAIL STORES
$3,540,000
Change: +36% · Conversion: Moderate
MEDICAL BUILDING
$3,340,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,260,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,180,000
Change: +22% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,580,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$402 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$71,843
Tax year 2023
Assessed value
$3,336,017
Assessed 2023
Previous assessed
$2,873,865
+16.1% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,141,000
Assessed improvement
$2,195,017
Land market value
$1,141,000
Improvement market value
$2,195,017
Total market value
$3,336,017
Applied tax rate
74,407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1951
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
6,176 SF
Lot
1.1 ac (47,916 SF)
Zoning code
BPD-5
APN
74-43-43-15-19-004-0010
UPID
US18-4069862
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BPD-5 · West Palm Beach, FL
Zoning BPD-5 · permitted uses
BPD-5 · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Ibh Enterprises Ltd Lllp
Entity
Mailing address
PO BOX 1088, PALM BEACH, FL 33480-1088
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2002
—
Ibh Enterprises Ltd Lllp
Pearl,william D & Joann V
Grant Deed
$289,615 · Republic Security Bank
Jan 23, 2001
$567,800
William Pearl
Pearl,irving & Helen
Quit Claim Deed
related
—
—
—
Ibh Ents Ltd Lllp
—
Loan Modification
related
—
—
—
Ibh Ents Ltd Lllp
—
Deed Of Trust
related
$975,000 · First United Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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