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Property profile & analytics
FOR LEASE
Retail space
2211 N Dixie Hwy Lake Worth, FL 33460
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-5153892
For Lease
1 / 5
$795,000
2211 N Dixie Hwy, Lake Worth, FL 33460
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
CONCRETE
Total area
1,250 SF
Lot
0.28 ac (12,101 SF)
Zoning code
MU-DIXIE
APN
38-43-44-16-05-003-0010
UPID
US18-5153892
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
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$795k
Owner & transaction history
Meals On Wheels Of The Palm Beaches · 4 yrs held
Meals On Wheels Of The Palm Beaches
since 2022
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$515,000
+43.4%
Medical building
$495,000
+37.3%
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
$765,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$515,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$495,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $800k (Jul 15 2022)
Last sale anchor
$800k
Jul 15 2022
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
$636 / 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
$1,713
Tax year 2023
Assessed value
$382,797
Assessed 2023
Previous assessed
$360,604
+6.2% YoY
Effective rate
0.45%
On assessed value
Assessed land
$237,039
Assessed improvement
$145,758
Land market value
$237,039
Improvement market value
$145,758
Total market value
$382,797
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
For Lease
Year built
1960
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,250 SF
Lot
0.28 ac (12,101 SF)
Zoning code
MU-DIXIE
APN
38-43-44-16-05-003-0010
UPID
US18-5153892
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
AUTO REPAIR, GARAGE
Est. value
$515,000
MEDICAL BUILDING
Est. value
$495,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1960
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Meals On Wheels Of The Palm Beaches
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 247, WEST PALM BEACH, FL 33402-0247
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
$800,000
Meals On Wheels Of The Palm Beaches
Nosh Catering & Events LLC
Warranty Deed
—
May 6, 2019
$375,000
Nosh Catering & Events LLC
Tramonto INC
Warranty Deed
$300,000 · Iberiabank
Sep 25, 2015
—
Tramonto INC
Rustico Italiano INC
Quit Claim Deed
related
—
Dec 16, 2013
$185,000
Rustico Italiano INC
Simone,madeline
Warranty Deed
$80,000 · Bank Of America
Jun 26, 2008
—
Madeline Simone
Simone,robert L
Quit Claim Deed
related
—
Jul 1, 1999
$120,000
Robert Simone
Sansevero,nicholas L
Grant Deed
$60,000 · Seller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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