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    2001 Dixie Hwy Lake Worth, FL 33460-6260
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    Property profile & analytics

    2001 Dixie Hwy, Lake Worth, FL 33460-6260

    View on Map
    • Hotels
    • 4,063 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US18-1104828
    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
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Breezeway Motel / Hotel & Motel
    • The Palm Beach Flamingo / Apartment Complex

    Property Details for 2001 Dixie Hwy

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Zone code
    MU-DIXIE
    Property type
    Hotels
    Property subtype
    Motels
    APN
    38-43-44-16-05-005-0050
    APU
    38434416050050050

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 17, 2019 $900,000 Palm Beach Flamingo LLC Dixie 1 LLC Warranty Deed —
    Sep 26, 2014 — Dixiel LLC Diaz,michael & Jennifer A Grant Deed · related —
    Sep 19, 2014 $365,000 T & E Developers LLC Diaz,michael & Jennifer A Grant Deed —
    Aug 2, 2010 $250,000 Michael A Diaz Young,arthur H Warranty Deed $241k · Arthur H Young
    Jun 17, 2009 $120,000 Arthur H Young Skymountain Coastal Props INC Trustees Deed · related —
    Jan 5, 2006 — Skymountain Coastal Props INC Young,arthur H Grant Deed —
    Jul 28, 2005 $750,000 Bayview Finl Exchange Svcs Ll Young,arthur H Warranty Deed $550k · Arthur Young
    — — Michael Diaz — Loan Modification · related $246k · Arthur H Young

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $610,000
      6.5%
      $565,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $977,000
      Market price range: $270k - $1.67M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,480,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0568
    Latitude
    26.6393
    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
    $15,803
    $281,750
    $459,116
    $740,866
    -
    $281,750
    $459,116
    $740,866

    Comparable in this City

    • Value Estimation
      $2,005,000
      6,187 SF

      1528 Federal Hwy

      HOTEL/MOTEL
      1528 Federal Hwy, Lake Worth, FL 33460-5764
      View Details
    • Value Estimation
      $1,250,000
      3,798 SF

      1503 Federal Hwy

      HOTEL/MOTEL
      1503 Federal Hwy, Lake Worth, FL 33460-5763
      View Details
    • Value Estimation
      $2,190,000
      12,696 SF

      901 Federal Hwy, Unit 1

      HOTEL/MOTEL
      901 Federal Hwy, Lake Worth, FL 33460-5136
      View Details
    • Value Estimation
      $2,720,000
      1,854 SF

      1700 Federal Hwy, Unit 101

      HOTEL/MOTEL
      1700 Federal Hwy, Lake Worth, FL 33460-5840
      View Details
    • Value Estimation by Request
      1,454 SF

      801 Dixie Hwy

      HOTEL/MOTEL
      801 Dixie Hwy, Lake Worth, FL 33460-5041
      View Details
    • Value Estimation
      $700,000
      3,126 SF

      1132 Federal Hwy, Unit 1

      HOTEL/MOTEL
      1132 Federal Hwy, Lake Worth, FL 33460-5244
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lake Worth Motel Investment Opportunity

      Thriving 32-room motel with restaurant and pool in Lake Worth.
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      View Details
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      11,810 SF

      Holiday House Motel For Sale

      Lake Worth Beach motel with 30 rooms on 0.5971 acres.
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      11,810 SF

      Motel with Courtyard and Pool

      Pool-centric motel property on Federal Highway with an existing motel license for potential hospitality repositioning.
      320 North Federal Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      733 SF

      Lake Worth Apartment Near I-95

      Two-bedroom, one-bath apartment in Lake Worth, tenant occupied.
      1829 N A St, 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.
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      View Details
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      Downtown Lake Worth Beach Suites

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

      Spacious Second Floor Office Space

      1200 sq ft office space available for rent.
      1776 Lake Worth Rd, Lake Worth, FL 33460
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    • $3,200 /Mo

      Medical/Professional Space in Lake Worth

      Turnkey medical/professional space in revitalizing Lake Worth Beach.
      1708 N Federal Hwy, Lake Worth, FL 33460
      View Details
    • $6,150 /Mo
      1,800 SF

      Lake Worth Road Commercial Building

      One-story, stand-alone building on Lake Worth Road available for lease.
      1744 Lake Worth Rd, Lake Worth, FL 33460
      View Details
    • $30 SF/Yr
      3,971 SF

      Prime Downtown Lake Worth Retail

      High-traffic retail space in central Lake Worth Beach.
      500 Lake Ave, Lake Worth, FL 33460
      View Details
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    Lake Worth, FL 33460-6260
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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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