Entity Owned Property summary
AI-generated overview
This exceptional 570 sq ft retail space is ideally situated at 1812 N Dixie Highway in Lake Worth Beach, Florida (33460), within the historic College Park neighborhood. The property, a single-tenant unit in a three-storefront building, boasts high visibility and is conveniently located across from "The Mid" residential complex, with another new residential complex under construction nearby. This presents a unique opportunity for businesses seeking high foot traffic. The space underwent a complete renovation in 2020, featuring brand new hurricane impact windows and doors, stucco exterior, roof, flooring, plumbing, water lines, electrical systems, and upgraded lighting. Parking is ample, with at least four designated spaces and an additional six to seven spaces available. The lease price is all-inclusive, excluding water and electricity, which are the tenant's responsibility. The property is zoned MU-DH( and has an APN of 38434415160430010. This turnkey space is perfect for a salon, storefront, or office, requiring minimal build-out. Don't miss this rare opportunity to establish your business in a thriving location.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
CONCRETE
Total area
1,550 SF
Lot
0.11 ac (5,001 SF)
Zoning code
MU-DIXIE
APN
38-43-44-15-16-043-0010
UPID
US18-3643009
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$460k
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$295k
Owner & transaction history
since 2025
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Top alternative use upside
Auto repair, garage
$640,000
+13.2%
Medical building
$610,000
+8.4%
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.
4 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
$295k
Value range
$266k – $325k
±10% around blend
Estimated value / SF
$190 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$266k
blend $295k
$325k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,550 SF
Lot area
0.11 ac
Year built
1959
Stories
1
APN
38-43-44-15-16-043-0010
Zoning
MU-DIXIE
Assessed value
$279,710
Annual tax
$3,518
3
Income approach: direct capitalization
Partial preview
Income approach indication
$460k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$495k
@ 6.5% CAP return
$460k
@ 7% CAP return
$425k
4
Sales comparison
Partial preview
Sales approach indication
$639k
Range $272k – $987k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$295k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 30 sales
$364
-48%
County 164 sales
$395
-52%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $190/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
+13%
vs current-use indication
Medical Building
Neighborhood: Shopping Center · current use
Office 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
Modeled
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: income and sales evidence cover the value conclusion.
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
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$550k
Move the market yield to see immediate price impact.
Value / SF
$355
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
5.00%7.00%9.00%
$35k
$693k
$495k
$385k
$39k
$770k
$550k
$428k
$42k
$847k
$605k
$471k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,518
Tax year 2023
Assessed value
$279,710
Assessed 2023
Previous assessed
$268,530
+4.2% YoY
Effective rate
1.26%
On assessed value
Assessed land
$97,950
Assessed improvement
$181,760
Land market value
$97,950
Improvement market value
$181,760
Total market value
$279,710
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1959
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,550 SF
Lot
0.11 ac (5,001 SF)
Zoning code
MU-DIXIE
APN
38-43-44-15-16-043-0010
UPID
US18-3643009
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
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 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
Ownership Intelligence
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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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