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    1217 Dixie Hwy Lake Worth, FL 33460-2122
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    Property profile & analytics

    1217 Dixie Hwy, Lake Worth, FL 33460-2122

    View on Map
    • Retail space
    • 4,840 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Oct 8, 2021
    $1,200,000
    Property ID
    US18-2117333
    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.
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    5.8%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Palm Beach Modern Auctions / Trade Show Venue / (Bike/Boat/Book/etc) Store

    Property Details for 1217 Dixie Hwy

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    0.62 lot acres
    Zone code
    MU-DIXIE
    Property type
    Retail space
    APN
    38-43-44-21-15-378-0110
    APU
    38434421153780110

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 14, 2024 — Rw3611 LLC — Deed · related $550k · Tmn Investment Holdings LLC
    Mar 14, 2022 — 5908 Georgia LLC — Deed · related $720k · Jlm Capital LLC
    Oct 8, 2021 $1,200,000 5908 Georgia LLC Tmn Investment Holdings LLC Warranty Deed —
    May 19, 2021 $500,000 Tmn Investment Holdings LLC Pax Villa USA INC Warranty Deed $500k · Eastern Financial Mortgage Corp
    Apr 2, 2013 $395,000 Pax Villa USA INC Daszkal,david Warranty Deed $198k · David Daszkal
    Jan 17, 2013 $255,100 David Daszkal Iglesia Evangelica Pen Coc Trustees Deed —
    Apr 7, 2011 $499,000 Evangelica Pentecostal Iglesia Bryan,zetta A Warranty Deed $200k · Schwartz Eric R (te)
    Oct 14, 2010 $100 Zetta A Bryan Abrams Floor Covering Coc Trustees Deed · related —
    Sep 25, 2006 — Abrams Floor Covering INC Abrams,yvonne M Quit Claim Deed · related —
    Sep 17, 2003 $125,000 Abrams Floor Covering INC Abrams Flooring Co Grant Deed · related $200k · Fidelity Federal Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,420,000
      ML approach
      $1,425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,365,000
      6.5%
      $1,260,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $983,000
      Market price range: $428k - $1.06M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,390,000
      Current use
      AUTO REPAIR, GARAGE
      $1,990,000
      Change: +43% Conversion: Difficult
      MEDICAL BUILDING
      $1,910,000
      Change: +37% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,760,000
      Change: +27% Conversion: Moderate
      OFFICE BUILDING
      $1,560,000
      Change: +12% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,345,000
      Change: -3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,270,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0571
    Latitude
    26.6306
    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
    $27,511
    $524,629
    $612,830
    $1,137,459
    -
    $524,629
    $612,830
    $1,137,459

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      825 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      825 Dixie Hwy, Lake Worth Beach, FL 33460-2528
      View Details
    • Value Estimation
      $1,000,000
      5,950 SF

      625 Lucerne Ave

      RETAIL STORES (PERSONAL SERVICES)
      625 Lucerne Ave, Lake Worth, FL 33460-3864
      View Details
    • Value Estimation
      $4,875,000
      20,861 SF

      10 Ocean Blvd

      RETAIL STORES (PERSONAL SERVICES)
      10 Ocean Blvd, Lake Worth, FL 33460-4179
      View Details
    • Value Estimation by Request
      750 SF

      711 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      711 Dixie Hwy, Lake Worth, FL 33460-2526
      View Details
    • Value Estimation by Request
      1,110 SF

      23 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      23 Dixie Hwy, Lake Worth, FL 33460-3727
      View Details
    • Value Estimation
      $1,300,000
      1,575 SF

      701 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      701 Dixie Hwy, Lake Worth, FL 33460-2526
      View Details

    Similar Nearby for Sale

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      3,828 SF

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      7,460 SF

      Downtown Lake Worth Retail Storefront

      7,460 SF vacant retail in historic downtown location.
      716 Lake Ave, Lake Worth, FL 33460
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    Similar Nearby for Lease

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      1,225 SF

      New Retail Space Available

      Customizable retail space in Lake Worth with excellent exposure.
      1601 N Dixie Hwy, Lake Worth, FL 33460
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      1,400 SF

      Retail Space in Lake Worth

      Retail spaces available in renovated Lake Worth shopping center.
      2505-2565 N Dixie Hwy, Lake Worth, FL 33460
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    • Contact for pricing

      Downtown Lake Worth Beach Suites

      Retail and office suites for rent in downtown Lake Worth.
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      Lake Worth Retail/Office Space

      1,700 SF retail/office space with roll-up doors in Lake Worth.
      327 N Dixie Hwy, Lake Worth, FL 33460
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      Downtown Lake Worth Beach Retail

      5,540 SF retail/office space in downtown Lake Worth Beach.
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      Renovated Office Suites For Rent

      Completely renovated office suites with utilities and internet included.
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    Lake Worth, FL 33460-2122
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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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