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    Property profile & analytics

    1216 Dixie Hwy Lake Worth, FL 33460-5610

    • Community centers
    • 5,500 SF
    • 4.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2767036
    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

    • Le Berger Restaurant / Restaurant

    Property Details for 1216 Dixie Hwy

    Year built
    1975
    Construction
    CONCRETE
    Lot size
    4.25 lot acres
    Property size
    5,500 SF
    Zone code
    MU-DIXIE
    Property type
    Community centers
    APN
    38-43-44-27-01-053-0010
    APU
    38434427010530010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,765,000
      6.5%
      $1,630,000
      7%
      $1,515,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,000,000
      Current use
      AUTO REPAIR, GARAGE
      $2,265,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $2,170,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $1,775,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0562
    Latitude
    26.6004
    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
    $162,624
    $1,280,657
    $4,355,959
    $5,636,616
    -
    $1,280,657
    $4,355,959
    $5,636,616

    Comparable in this City

    • Value Estimation
      $4,005,000
      26,400 SF

      1337 Dixie Hwy

      MINI-MALL • 26,400 SF
      1337 Dixie Hwy, Lake Worth, FL 33460-1826
      View Details
    • Value Estimation
      $7,085,000
      33,780 SF

      2505 Dixie Hwy

      MINI-MALL • 33,780 SF
      2505 Dixie Hwy, Lake Worth, FL 33460-6250
      View Details
    • Value Estimation
      $760,000
      3,514 SF

      209 Dixie Hwy

      SHOPPING CENTER, STRIP CENTER • 3,514 SF
      209 Dixie Hwy, Lake Worth, FL 33460-3361
      View Details
    • Value Estimation
      $1,185,000
      4,982 SF

      210 Dixie Hwy Ste, Unit 1

      SHOPPING CENTER, STRIP CENTER • 4,982 SF
      210 Dixie Hwy Ste, Lake Worth, FL 33460-4159
      View Details
    • Value Estimation
      $615,000
      2,214 SF

      11 Dixie Hwy

      SHOPPING CENTER, STRIP CENTER • 2,214 SF
      11 Dixie Hwy, Lake Worth, FL 33460-3727
      View Details
    • Value Estimation by Request
      808 SF

      911 2nd N Ave

      SHOPPING CENTER, STRIP CENTER • 808 SF
      911 2nd N Ave, Lake Worth, FL 33460-3314
      View Details

    Similar Nearby for Sale

    • $3,995,000
      9,778 SF

      Lake Worth Shopping Center Investment

      Prime Lake Worth retail center, high occupancy.
      409 Lake Ave, Lake Worth, FL 33460
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    • $2,650,000

      Lake Worth Neighborhood Shopping Center

      Centrally located 8,322 SF shopping center on 23,492 SF lot.
      2101 N Dixie Hwy, Lake Worth, FL 33460
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    • $2,400,000

      Lake Worth Beach Commercial Plaza

      Fully leased commercial plaza with development opportunities in Lake Worth.
      901 N Dixie Hwy, Lake Worth, FL 33460
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    • $200,000
      2,200 SF

      Established Bar Business Opportunity

      Profitable bar with loyal following, excellent lease terms.
      Xxx Downtown Lk Worth Bch, Lake Worth, FL 33460
      View Details
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      Lake Worth Beach Retail Investment

      Multi-tenant retail property in vibrant Downtown Lake Worth Beach.
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      2,000 SF

      Established Salon in Lake Worth

      Well-established salon with loyal clientele and exceptional service reputation.
      Lake Worth, FL 33460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,880 SF

      Retail Space in Lake Worth

      Retail spaces available in renovated Lake Worth shopping center.
      2505-2565 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $668,000
      2,226 SF

      Commercial Space with Residential Home

      Commercial space with residential home in Lake Worth Beach, FL.
      922 S Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $792,000
      2,639 SF

      Retail, Warehouse Space with Apartment

      Retail/warehouse space with an upstairs 3BR apartment near downtown.
      928 S Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $1,700,000
      511 SF

      Lake Worth Beach Commercial Condo

      Income-producing commercial condo portfolio with stable tenants in Lake Worth.
      S Confidential, Lake Worth, FL 33460
      View Details
    • $1,699,000
      3,096 SF

      Versatile Space in Entertainment District

      Flexible commercial space near Lake Worth Beach's vibrant district.
      Lk Worth Bch, Lake Worth, FL 33460
      View Details
    • $35 SF/Yr
      4,560 SF

      Deco Green: Lake Worth Beach Retail

      Prime Retail/Restaurant Space, Lake Worth Beach
      1715 Dixie Hwy, Lake Worth Beach, FL 33460
      View Details
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    Lake Worth, FL 33460-5610
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    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
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