Entity Owned Property summary
AI-generated overview
The property is a retail space totaling 7,109 square feet, renovated and configured for commercial use. It has frontage and signage on South Dixie Highway in a high-traffic area approximately four blocks from downtown Lake Avenue, within walking distance of retail and dining venues. The building includes two large service doors (one electric) and two newly built offices that face Dixie Highway, with an additional separate bathroom in the rear warehouse/storage area. The office area is equipped with A/C window units, and the property has a replaced roof. It was previously used as a car and auto sales location and is laid out to support a range of businesses, including service-oriented uses such as AC, fencing, or window companies, while maintaining suitability for other commercial operations. The property provides on-site parking for six vehicles.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1936
Construction
WOOD
Total area
7,109 SF
Lot
0.19 ac (8,403 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-051-0050
UPID
US18-0038172
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pharmacy
-
Bank Loan Service
-
Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$577k
Blend (final)
Blend
$905k
Owner & transaction history
since 2022
5 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$905k
Value range
$815k – $996k
±10% around blend
Estimated value / SF
$127 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$815k
blend $905k
$996k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,109 SF
Lot area
0.19 ac
Year built
1936
Stories
1
APN
38-43-44-21-15-051-0050
Zoning
MU-DIXIE
Assessed value
$691,722
Annual tax
$12,115
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.28M
@ 6.5% CAP return
$1.18M
@ 7% CAP return
$1.10M
4
Sales comparison
Partial preview
Sales approach indication
$577k
Range $263k – $1.29M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$905k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 62 sales
$262
-51%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $127/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$692k
Move the market yield to see immediate price impact.
Value / SF
$97
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$44k
$872k
$623k
$484k
$48k
$968k
$692k
$538k
$53k
$1.07M
$761k
$592k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,115
Tax year 2023
Assessed value
$691,722
Assessed 2023
Previous assessed
$598,388
+15.6% YoY
Effective rate
1.75%
On assessed value
Assessed land
$128,902
Assessed improvement
$562,820
Land market value
$128,902
Improvement market value
$562,820
Total market value
$691,722
Applied tax rate
38,453.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1936
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,109 SF
Lot
0.19 ac (8,403 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-051-0050
UPID
US18-0038172
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-DIXIE · Lake Worth, FLZoning MU-DIXIE · permitted uses
MU-DIXIE · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1936
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.19 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MU-DIXIE
Jurisdiction
Lake Worth, FL
Recorded code
MU-DIXIE
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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