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Property profile & analytics
OFF-MARKET
Retail space
2201 Dixie Hwy Lake Worth, FL 33460-6277
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-8893170
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1942
Construction
WOOD
Total area
1,778 SF
Lot
0.27 ac (11,831 SF)
Zoning code
MU-DIXIE
APN
38-43-44-16-05-003-0050
UPID
US18-8893170
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Island Best Restaurant LLC · 4 yrs held
Island Best Restaurant LLC
since 2021
Last sale
$390,000
5 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,842
Tax year 2023
Assessed value
$490,469
Assessed 2023
Previous assessed
$460,485
+6.5% YoY
Effective rate
2.41%
On assessed value
Assessed land
$231,789
Assessed improvement
$258,680
Land market value
$231,789
Improvement market value
$258,680
Total market value
$490,469
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Bathrooms
4
Total area
1,778 SF
Lot
0.27 ac (11,831 SF)
Zoning code
MU-DIXIE
APN
38-43-44-16-05-003-0050
UPID
US18-8893170
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.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Island Best Restaurant LLC
Entity
Mailing address
2201 N DIXIE HWY, LAKE WORTH BEACH, FL 33460-6277
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2021
$390,000
Island Best Restaurant LLC
Manuel Joaquin Castillo
Warranty Deed
$300,000 · Texbatal LLC
Sep 3, 2021
—
Island Best Restaurant LLC
—
Deed
related
$25,800 · Bellavista 999 LLC
Jun 24, 2015
$385,000
Manuel J Castillo
P & G Props Of South Florida INC
Warranty Deed
—
May 21, 2014
$242,000
P & G Props Of South Florida INC
Roe Mary A Living Trust
Warranty Deed
—
Mar 1, 2005
—
Roe Mary A Trust
Roe,mary A
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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