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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2401 Dixie Hwy Lake Worth, FL 33460-6252

    • Commercial land
    • 3,978 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3789163
    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.

    Current Use by Public Records

    • Commercial land

    Property Details for 2401 Dixie Hwy

    Year built
    1976
    Lot size
    1.12 lot acres
    Property size
    3,978 SF
    Zone code
    MU-DIXIE
    Property type
    Commercial land
    APN
    38-43-44-16-05-001-0010
    APU
    38434416050010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,145,000
      6.5%
      $1,055,000
      7%
      $980,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,141,000
      Market price range: $294k - $1.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,045,000
      Current use
      AUTO REPAIR, GARAGE
      $1,640,000
      Change: +57% Conversion: Difficult
      MEDICAL BUILDING
      $1,570,000
      Change: +50% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,445,000
      Change: +39% Conversion: Difficult
      OFFICE BUILDING
      $1,285,000
      Change: +23% Conversion: Easy
      RETAIL STORES
      $1,140,000
      Change: +9% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,105,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0569
    Latitude
    26.6424
    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
    $20,235
    $760,637
    $64,280
    $824,917
    -
    $760,637
    $64,280
    $824,917

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      1525 Railroad Ave

      VACANT COMMERCIAL LAND • 0.11 Acres
      1525 Railroad Ave, Lake Worth, FL 33460-5540
      View Details
    • Value Estimation by Request
      0.06 Acres

      102 Dixie Hwy

      VACANT COMMERCIAL LAND • 0.06 Acres
      102 Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Value Estimation by Request
      0.08 Acres

      1213 Lucerne Ave

      VACANT COMMERCIAL LAND • 1,078 SF
      1213 Lucerne Ave, Lake Worth, FL 33460-3612
      View Details
    • Value Estimation by Request
      0.15 Acres

      225 Dixie Hwy

      VACANT COMMERCIAL LAND • 2,400 SF
      225 Dixie Hwy, Lake Worth, FL 33460-4134
      View Details
    • Value Estimation by Request
      0.07 Acres

      426 Federal Hwy

      VACANT COMMERCIAL LAND • 810 SF
      426 Federal Hwy, Lake Worth, FL 33460-4641
      View Details
    • Value Estimation by Request
      0.62 Acres

      1317 Federal Hwy

      VACANT COMMERCIAL LAND • 861 SF
      1317 Federal Hwy, Lake Worth, FL 33460-5638
      View Details

    Similar Nearby for Sale

    • $550,000

      Lake Worth Beach Land Lot

      Land lot near downtown and Intracoastal in Lake Worth Beach.
      1616 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $299,999
      0.16 Acres

      Lake Worth Beach Land Opportunity

      Commercially zoned land suitable for mixed-use development or residential construction.
      709 N Federal Hwy, Lake Worth, FL 33460
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    • $170,000
      109.00 Acres

      Lake Worth Beach Commercial Land

      Vacant commercial land on Federal Highway in Lake Worth Beach.
      1413 N Federal Hwy, Lake Worth, FL 33460
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    • $179,999

      Lake Worth Beach Ready Lot

      Ready-to-build lot near beaches, restaurants, shopping, and I95.
      505 N F St St, Lake Worth, FL 33460
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    • $194,499

      Lake Worth Multi-Unit Residential Land

      Land in Lake Worth, approved for up to 3 units.
      526 N H St, Lake Worth, FL 33460
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    • $1,390,000
      0.82 Acres

      South Federal Hwy Development Land

      Prime Lake Worth Beach land, 0.82 acres, 37-unit potential.
      1600 Federal Hwy, Lake Worth Beach, FL 33460
      View Details

    Similar Nearby for Lease

    • $54 SF/Yr
      1,550 SF

      Lake Worth Beach Retail Space

      Dixie Hwy storefront, updated, 1550 sq ft
      1808-1812 Dixie Hwy, Lake Worth Beach, FL 33460
      View Details
    • Contact for pricing

      Lake Worth Beach Flex Space Warehouse

      Ideal Flex Space: 500 SF Warehouse
      432 H St, Lake Worth Beach, FL 33460
      View Details
    • $2,000 /Mo

      Renovated Two Bedroom Home

      Renovated two-bedroom home near downtown Lake Worth Beach.
      701 N J St, Lake Worth, FL 33460
      View Details
    • $23 SF/Yr
      3,400 SF

      Lake Worth Retail Space for Lease

      Prime Dixie Hwy Retail, 3400 SF
      924 Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing

      Lake Worth Road Office Building

      Prime Lake Worth Beach Office Space
      1744 Lk Worth Rd, Lake Worth Beach, FL 33460
      View Details
    • $20 SF/Yr
      5,411 SF

      Lake Worth Office Space Available

      5,411 SF office space for rent in Lake Worth.
      202 N Federal Hwy, Lake Worth, FL 33460
      View Details
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    2401 Dixie Hwy
    Lake Worth, FL 33460-6252
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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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