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    1715 Dixie Hwy Lake Worth, FL 33460-6560
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    Property profile & analytics

    1715 Dixie Hwy, Lake Worth, FL 33460-6560

    View on Map
    • Commercial land
    • 15,283 SF
    • 2.29 lot acres
    Off-Market
    Last Sale Jun 22, 2022
    $2,490,000
    Property ID
    US18-3681269
    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
    $2,485,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Deco Green / Condominium Complex

    Property Details for 1715 Dixie Hwy

    Year built
    1955
    Lot size
    2.29 lot acres
    Zone code
    MU-DIXIE
    Property type
    Commercial land
    APN
    38-43-44-16-06-014-0010
    APU
    38434416060140010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 8, 2023 — Oag Investment 5 LLC — Deed · related $25M · 1715 North Dixie Hwy 1 LLC
    Jun 22, 2022 $2,490,000 Oag Investment 5 LLC Lake Worth Beach Cmnty Redevelopmen Special Warranty Deed —
    Jan 26, 2018 $2,000,000 Lake Worth Cmnty Redev Agcy Neira,mauricio F & Paula C Warranty Deed —
    May 27, 2016 $1,100,000 Mauricio F Neira Khan,abdul R & Khudratoon Warranty Deed $860k · Abdul R & Khudratoon Khan
    — — Abdul R Khan — Deed Of Trust · related $232k · Daniel Lushan
    — — Abdul R Khan — Loan Modification · related $700k · Daniel Lushan
    — — Abdul R Khan — Deed Of Trust · related $200k · Daniel Lushan

    Description

    Deco Green offers 8,518 square feet of modern retail, office, and restaurant space in three, four-story buildings at 1715 N Dixie Hwy, Lake Worth Beach, FL 33460. This mixed-use development, built in 2025, features 14 suites ranging from 441 to 4,560 contiguous square feet, perfect for a variety of businesses. Located on Dixie Highway, the property boasts high visibility and walkability, with over 22,000 vehicles passing daily. Its convenient location near I-95 ensures easy access for customers and employees. The development's prime location within a 125-unit residential community provides a built-in customer base. Spaces are adaptable, offering a "white canvas" for customization, particularly beneficial for early tenants. The contemporary design features high ceilings, creating an open and inviting atmosphere ideal for food and beverage businesses, retail shops, service providers, cafes, health-oriented food concepts, health and wellness centers, and pet services (in a pet-friendly community). The property is zoned MU-DIXIE—MIXED USE DIXIE HWY (38-LAKE WORTH BEACH) within the Lake Worth submarket of Palm Beach County. This is an exceptional opportunity to establish a business in a thriving Lake Worth Beach community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,385,000
      ML approach
      $2,565,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,149,000
      Market price range: $2.90M - $6.57M
      AI Estimate
      $2,181,000
      Market price range: $1.13M - $4.39M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,010,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0572
    Latitude
    26.6364
    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
    $32,720
    $1,468,706
    $276
    $1,468,982
    -
    $1,468,706
    $276
    $1,468,982

    Comparable in this City

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      617 H St

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    • Value Estimation by Request
      0.14 Acres

      1014 Dixie Hwy

      VACANT COMMERCIAL LAND
      1014 Dixie Hwy, Lake Worth, FL 33460-2119
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    • Value Estimation by Request
      0.16 Acres

      20 Federal Hwy

      VACANT COMMERCIAL LAND
      20 Federal Hwy, Lake Worth, FL 33460-3838
      View Details
    • Value Estimation
      $695,000
      0.31 Acres

      30 Federal Hwy

      VACANT COMMERCIAL LAND
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      View Details
    • Value Estimation by Request
      0.10 Acres

      416 3rd S Ave

      VACANT COMMERCIAL LAND
      416 3rd S Ave, Lake Worth, FL 33460-4204
      View Details

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      Vacant Lot in Lake Worth

      Commercial/mixed-use vacant lot in the heart of Lake Worth Beach.
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      Lake Worth Beach Commercial Land

      Land in Lake Worth Beach suitable for multi-unit development.
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    • Contact for pricing
      9,778 SF

      Prime Lake Worth Redevelopment Opportunity

      Land parcel in Lake Worth Beach, redevelopment potential.
      409 Lake Ave, Lake Worth, FL 33460
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    Similar Nearby for Lease

    • Contact for pricing

      Lake Worth Beach Commercial Building

      1,275 SF commercial building with expansion potential in Lake Worth.
      2211 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing

      Downtown Lake Worth Beach Suites

      Retail and office suites for rent in downtown Lake Worth.
      605 Lake Ave, Lake Worth, FL 33460
      View Details
    • $2,800 /Mo

      Spacious Second Floor Office Space

      1200 sq ft office space available for rent.
      1776 Lake Worth Rd, Lake Worth, FL 33460
      View Details
    • Contact for pricing

      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
      View Details
    • Contact for pricing

      Downtown Lake Worth Beach Retail

      5,540 SF retail/office space in downtown Lake Worth Beach.
      815 Lake Ave, Lake Worth, FL 33460
      View Details
    • $32 SF/Yr
      9,950 SF

      Lake Worth Beach Commercial Space

      Air-conditioned warehouse space suitable for storage or small business.
      2605 Kelly Ln, Lake Worth, FL 33460
      View Details
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    Lake Worth, FL 33460-6560
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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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    1715 Dixie Hwy, Lake Worth, FL, 33460
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