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Property profile & analytics
FOR SALE
Retail space
120 S Dixie Hwy West Palm Beach, FL 33401
Individually Owned
12-yr Hold
Free & Clear
Property ID
US18-2708033
For Sale
1 / 9
$1,750,000
120 S Dixie Hwy, West Palm Beach, FL 33401
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Construction
WOOD
Total area
11,528 SF
Lot
0.14 ac (6,299 SF)
Zoning code
CWD-10
APN
74-43-43-21-01-012-0110
UPID
US18-2708033
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
-
Leila Restaurant Restaurant
-
AMP Music Lab Vocational School Training Center
-
Leila Restaurant
-
The Gorilla Closer Advertising Agency Marketing & Advertising
-
Winston & Roth Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.75M
Owner & transaction history
Santa Monica Boulevard L 11022 · 12 yrs held
Santa Monica Boulevard L 11022
since 2013
6 recorded transactions
Zoning & alternative use
CWD-10 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±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
$152 / 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
$55,516
Tax year 2023
Assessed value
$2,585,305
Assessed 2023
Previous assessed
$2,218,920
+16.5% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,039,335
Assessed improvement
$1,545,970
Land market value
$1,039,335
Improvement market value
$1,545,970
Total market value
$2,585,305
Applied tax rate
84,407.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1915
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
11,528 SF
Lot
0.14 ac (6,299 SF)
Zoning code
CWD-10
APN
74-43-43-21-01-012-0110
UPID
US18-2708033
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CWD-10 · West Palm Beach, FL
Zoning CWD-10 · permitted uses
CWD-10 · 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.
Building & site characteristics
From public records
Year built
1915
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Santa Monica Boulevard L 11022
Individual
Free & Clear · 12 yrs held
Mailing address
95 N COUNTY RD, PALM BEACH, FL 33480-4029
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2013
$2,500,000
Santa Monica Boulevard L 11022
Peb Realty LLC
Warranty Deed
—
Nov 27, 2001
$1,550,000
Peb Realty LLC
Firehouse Group INC
Grant Deed
—
May 5, 1999
—
Firehouse Group INC
Sperber,morris W & Murl M
Quit Claim Deed
related
$1,225,000 · Gmac Commercial Mortgage Corp
Nov 23, 1998
—
Firehouse Group INC
—
Grant Deed
related
$51,765 · Fidelity Fsb Florida
Jul 7, 1998
—
Firehouse Group INC
—
Grant Deed
related
$80,000 · Fidelity Fsb Florida
Aug 19, 1997
$400,000
Firehouse Group INC
Sperber,morris W & Murl M
Grant Deed
$840,000 · Fidelity Fsb Florida
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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