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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Office buildings
1712 Dixie Hwy Lake Worth, FL 33460-5887
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3365792
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1947
Construction
WOOD
Total area
2,800 SF
Lot
0.3 ac (13,081 SF)
Zoning code
MU-DIXIE
APN
38-43-44-34-05-000-0580
UPID
US18-3365792
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
-
Island Kitchen Catering & Events | Palm Beach Catering Service Take-out & Catering
-
Catering Solutions Take-out & Catering Catering Service
-
the children first High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$905k
Owner & transaction history
Lwyc LLC · 4 yrs held
Lwyc LLC
since 2022
4 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+27.6%
Medical building
$1.1M
+22.2%
Neighborhood: shopping center
$1.0M
+12.8%
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 Lake Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Worth 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%
$1,320,000
6.5%
$1,220,000
7%
$1,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$905,000
Current use
AUTO REPAIR, GARAGE
$1,155,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$1,105,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$805,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$775,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$735,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$905k
Range $815k – $996k · ±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
$323 / 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
$22,767
Tax year 2023
Assessed value
$952,622
Assessed 2023
Previous assessed
$783,299
+21.6% YoY
Effective rate
2.39%
On assessed value
Assessed land
$288,157
Assessed improvement
$664,465
Land market value
$288,157
Improvement market value
$664,465
Total market value
$952,622
Applied tax rate
38,457.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
2
Units
1
Total area
2,800 SF
Lot
0.3 ac (13,081 SF)
Zoning code
MU-DIXIE
APN
38-43-44-34-05-000-0580
UPID
US18-3365792
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Zoning MU-DIXIE · permitted uses
MU-DIXIE · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Worth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$805,000
WAREHOUSE, STORAGE
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$735,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Lwyc LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 2135, NANTUCKET, MA 02584-2135
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Lwyc LLC
Miyc LLC
Special Warranty Deed
—
Apr 19, 2022
$1,100,000
Miyc LLC
1712 & 1714 S Dixie Hwy LLC
Special Warranty Deed
—
Oct 26, 2018
$100
1712 & 1714 S Dixie Hwy LLC
Chalhoub,debra L
Quit Claim Deed
related
—
Apr 5, 1999
$5,000
Ibrahim H Chalhoub
Martucci,carmine & Frank
Grant Deed
—
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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