Entity Owned Property summary
AI-generated overview
This exceptional 1,587 square foot commercial space is available immediately for a net-net-net (NNN) lease. Situated on the highly visible southeast corner of N. 13th Street and Dixie Highway, this property benefits from exceptional foot and vehicle traffic. The building underwent a complete renovation three years ago, resulting in a modern and well-maintained structure. Improvements include a new stucco exterior, a new roof, and hurricane impact windows, ensuring both aesthetic appeal and durability. The interior boasts two ADA-compliant bathrooms, reflecting a commitment to accessibility. Furthermore, the plumbing and electrical systems have been entirely updated, providing modern and reliable infrastructure. The property's zoning is MU-DH, offering flexibility for a variety of commercial uses. The APN is 38434421153760080. This is a rare opportunity to secure a prime commercial space in a high-demand location. Don't miss this chance to establish your business in a thriving area. The lot size is not specified. The property is a single-tenant building with no additional suites. This is a special purpose property.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
WOOD
Total area
1,587 SF
Lot
0.14 ac (5,972 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-376-0080
UPID
US18-2803948
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
-
Restaurant
-
(Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
(Bike/Boat/Book/etc) Store Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
since 2024
Last sale
$1.0M
2 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Top alternative use upside
Auto repair, garage
$655,000
+43.4%
Medical building
$625,000
+37.3%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.03M
Value range
$923k – $1.13M
±10% around blend
Estimated value / SF
$646 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
60
$923k
blend $1.03M
$1.13M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,587 SF
Lot area
0.14 ac
Year built
1959
Stories
1
APN
38-43-44-21-15-376-0080
Zoning
MU-DIXIE
Assessed value
$279,593
Annual tax
$3,444
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$829k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
2.4 mi away · 1,984 SF
4.4 mi away · 1,161 SF
7.2 mi away · 2,000 SF
10.6 mi away · 1,850 SF
11.9 mi away · 1,296 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$287
+125%
Submarket 63 sales
$310
+108%
County 289 sales
$399
+62%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $646/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+43%
vs current-use indication
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
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: replacement-cost inputs are not on file.
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
Comparable evidence · 6 sales
Market rates by use type
PDF export
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Overview
Implied cap rate
2.60%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$72k *
Last sale · Dec 2024
$1.03M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.76M
Move the market yield to see immediate price impact.
Value / SF
$1,739
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
2.10%2.60%3.10%
$65k
$3.08M
$2.48M
$2.08M
$72k
$3.42M
$2.76M
$2.31M
$79k
$3.76M
$3.04M
$2.55M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.00M
2.4 mi · Dec 2025 · $521/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,444
Tax year 2023
Assessed value
$279,593
Assessed 2023
Previous assessed
$262,281
+6.6% YoY
Effective rate
1.23%
On assessed value
Assessed land
$116,972
Assessed improvement
$162,621
Land market value
$116,972
Improvement market value
$162,621
Total market value
$279,593
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,587 SF
Lot
0.14 ac (5,972 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-376-0080
UPID
US18-2803948
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.14 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
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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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