Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1114 Dixie Hwy Lake Worth, FL 33460-2121

    • Specialty properties
    • 5,383 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Jul 14, 2023
    $1,075,000
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4424384
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 1114 Dixie Hwy

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.31 lot acres
    Property size
    5,383 SF
    Zone code
    MU-DIXIE
    Property type
    Specialty properties
    APN
    38-43-44-21-15-344-0030
    APU
    38434421153440030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $960,000
      ML approach
      $940,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,125,000
      COMMERCIAL (GENERAL)
      $980,000
      WAREHOUSE, STORAGE
      $965,000
      OFFICE BUILDING
      $925,000
      RETAIL STORES
      $790,000
      AUTO REPAIR, GARAGE
      $785,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0566
    Latitude
    26.6292
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,979
    $200,508
    $264,956
    $465,464
    -
    $200,508
    $264,956
    $465,464

    Comparable in this City

    • Value Estimation by Request
      5,660 SF

      730 Dixie Hwy

      FUNERAL HOME • 5,660 SF
      730 Dixie Hwy, Lake Worth, FL 33460-2527
      View Details
    • Value Estimation by Request
      2,080 SF

      832 Dixie Hwy

      Office space • 2,080 SF
      832 Dixie Hwy, Lake Worth Beach, FL 33460
      View Details
    • Value Estimation by Request
      1,924 SF

      1120 Federal Hwy

      Specialty properties • 1,924 SF
      1120 Federal Hwy, Lake Worth Beach, FL 33460
      View Details
    • Value Estimation by Request

      832 Dixie Hwy

      Specialty properties
      832 Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Value Estimation by Request
      2,800 SF

      1751-1755 4 Ave

      Specialty properties • 2,800 SF
      1751-1755 4 Ave, Lake Worth Beach, FL 33460
      View Details
    • Value Estimation by Request
      3,044 SF

      402 Ocean Breeze St

      Specialty properties • 3,044 SF
      402 Ocean Breeze St, Lake Worth Beach, FL 33460
      View Details

    Similar Nearby for Sale

    • $4,950,000
      11,810 SF

      Lake Worth Beach Motel Investment

      Beachfront Motel, 30 Units, High ROI
      320 Federal Hwy, Lake Worth Beach, FL 33460
      View Details
    • $1,128,000
      2,800 SF

      Lake Worth Beach Multi-Family Compound

      Five-unit property, excellent investment.
      1751-1755 4 Ave, Lake Worth Beach, FL 33460
      View Details
    • $100,000
      1,572 SF

      Lake Worth Beach Auto Repair Shop

      Turnkey Auto Repair Business - $100K
      205 H St, Lake Worth Beach, FL 33460
      View Details
    • $4,989,050

      901 Federal Hwy

      Specialty properties
      901 Federal Hwy, Lake Worth, FL 33460
      View Details
    • $669,000

      Lake Worth Beach Property

      Property for sale in Lake Worth Beach, Florida.
      517 S F St, Lake Worth, FL 33460
      View Details
    • $1,390,000
      0.82 Acres

      South Federal Hwy Development Land

      Prime Lake Worth Beach land, 0.82 acres, 37-unit potential.
      1600 Federal Hwy, Lake Worth Beach, FL 33460
      View Details

    Similar Nearby for Lease

    • $0.05 SF/Yr
      9,288 SF

      Lake Worth Beach Retail Space

      Prime Retail, High Visibility, End-Cap
      409 Lk Ave, Lake Worth Beach, FL 33460
      View Details
    • $56 SF/Yr
      1,587 SF

      Dixie Highway Commercial Space

      Prime Location, NNN Lease, 1587 sq ft
      1230 Dixie Hwy, Lake Worth Beach, FL 33460
      View Details
    • $51 SF/Yr
      1,168 SF

      Lake Avenue Historic Building

      Downtown gem, renovated, single tenant.
      805 Lk Ave, Lake Worth Beach, FL 33460
      View Details
    • $54 SF/Yr
      1,550 SF

      Lake Worth Beach Retail Space

      Dixie Hwy storefront, updated, 1550 sq ft
      1808-1812 Dixie Hwy, Lake Worth Beach, FL 33460
      View Details
    • $2,000 /Mo

      Renovated Two Bedroom Home

      Renovated two-bedroom home near downtown Lake Worth Beach.
      701 N J St, Lake Worth, FL 33460
      View Details
    • $3,500,000
      3,500 SF

      Retail Storefront in Historic Downtown

      3,500 SF retail storefront with outdoor patio space.
      802 Lake Ave, Lake Worth, FL 33460
      View Details
    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.
    1114 Dixie Hwy
    Lake Worth, FL 33460-2121
    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

    Google sign-in failed. Please try again or use another login method.