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Property profile & analytics
OFF-MARKET
Drive through restaurants
1206 Dixie Hwy West Palm Beach, FL 33401
Entity Owned
13-yr Hold
Free & Clear
Property ID
US18-3242449
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Lot
0.36 ac (15,821 SF)
Zoning code
BPD-5
APN
74-43-43-15-19-002-0250
UPID
US18-3242449
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1206 North Dixie LLC · 13 yrs held
1206 North Dixie LLC
since 2012
2 recorded transactions
Zoning & alternative use
BPD-5 · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Brelsford Park district is to improve its quality with new infill development and renovation of existing structures, while the majority of the building stock is one and two story residential, new uses may include residential with live or work, professional offices, and design arts related uses
Zone name
Brelsford Park District 5
General category
RESIDENTIAL
Zone area
7.35 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,071
Tax year 2023
Assessed value
$733,581
Assessed 2023
Previous assessed
$483,780
+51.6% YoY
Effective rate
1.51%
On assessed value
Assessed land
$711,900
Assessed improvement
$21,681
Land market value
$711,900
Improvement market value
$21,681
Total market value
$733,581
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Heating
NONE
Lot
0.36 ac (15,821 SF)
Zoning code
BPD-5
APN
74-43-43-15-19-002-0250
UPID
US18-3242449
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
BPD-5 · West Palm Beach, FLZoning 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
Zoning description
The intent of the Brelsford Park district is to improve its quality with new infill development and renovation of existing structures, while the majority of the building stock is one and two story residential, new uses may include residential with live or work, professional offices, and design arts related uses
Zone name
Brelsford Park District 5
General category
RESIDENTIAL
Zone area
7.35 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
1206 North Dixie LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 460189, HOUSTON, TX 77056-8189
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2012
$550,000
1206 North Dixie LLC
Ward,carlton E
Warranty Deed
—
—
—
Westwind Group INC
—
Deed Of Trust
related
$451,250 · First Boston Mortgage Capital
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.
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