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Property profile & analytics
OFF-MARKET
Estimated value
$7,265,000
Grocery and convenience stores
214 Dixie Hwy Lake Worth, FL 33460-3362
Entity Owned
16-yr Hold
Free & Clear
Property ID
US18-3614953
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2011
Construction
CONCRETE
Total area
32,772 SF
Lot
2.52 ac (109,610 SF)
Zoning code
MU-DIXIE
APN
38-43-44-22-44-001-0000
UPID
US18-3614953
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
-
higi Physician
-
City National Bank - Presto ATM Atm
-
Publix Super Market at Lake Worth Specialty Food Shop Supermarket
-
Publix Pharmacy at Lake Worth Pharmacy
-
Presto! ATM at Publix Super Market Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.53M
Comparable Approach
Comparable
$6.66M
Blend (final)
Blend
$7.27M
Owner & transaction history
Publix Super Markets INC · 16 yrs held
Publix Super Markets INC
since 2009
2 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.9M
+26.7%
Office building
$10.6M
+12.4%
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%
$9,235,000
6.5%
$8,525,000
7%
$7,915,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,920,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$10,570,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$9,095,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$7.27M
Range $6.54M – $7.99M · ±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
$222 / 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
$214,891
Tax year 2023
Assessed value
$7,703,489
Assessed 2023
Previous assessed
$7,633,715
+0.9% YoY
Effective rate
2.79%
On assessed value
Assessed land
$2,688,758
Assessed improvement
$5,014,731
Land market value
$2,688,758
Improvement market value
$5,014,731
Total market value
$7,703,489
Applied tax rate
38,453.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2011
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
32,772 SF
Lot
2.52 ac (109,610 SF)
Zoning code
MU-DIXIE
APN
38-43-44-22-44-001-0000
UPID
US18-3614953
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
RETAIL STORES Current
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.9M
OFFICE BUILDING
Est. value
$10.6M
WAREHOUSE, STORAGE
Est. value
$9.1M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2011
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Publix Super Markets INC
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 32018, LAKELAND, FL 33802-2018
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2009
$3,400,000
Publix Super Markets INC
New Urban Of Rfc Lake Worth LLC
Grant Deed
—
May 17, 2005
$6,750,000
New Urban Of Rfc Lake Worth LLC
Jls Of Florida City INC
Warranty Deed
$366,000 · City National Bank Of Florida
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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