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    Property profile & analytics

    2915 Dixie Hwy West Palm Beach, FL 33405-1503

    • Manufacturing properties
    • 49,799 SF
    • 2.42 lot acres
    OFF-MARKET
    Value Estimations
    $5,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2667250
    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

    • Rich Ice Cream Co / Industrial Manufacturer / Production Facility

    Property Details for 2915 Dixie Hwy

    Year built
    1940
    Construction
    CONCRETE
    Lot size
    2.42 lot acres
    Property size
    49,799 SF
    Zone code
    GC
    Property type
    Manufacturing properties
    APN
    74-43-43-33-25-000-0010
    APU
    74434333250000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,615,000
      6.5%
      $7,030,000
      7%
      $6,525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,194,000
      Market price range: $3.65M - $14.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0552
    Latitude
    26.687
    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
    $113,871
    $4,216,400
    $1,901,046
    $6,117,446
    -
    $4,216,400
    $1,901,046
    $6,117,446

    Comparable in this City

    • Value Estimation
      $865,000
      4,672 SF

      415 Southern Blvd

      MANUFACTURING (LIGHT) • 4,672 SF
      415 Southern Blvd, West Palm Beach, FL 33405-2605
      View Details
    • Value Estimation
      $1,665,000
      15,775 SF

      3001 Tuxedo Ave

      MANUFACTURING (LIGHT) • 15,775 SF
      3001 Tuxedo Ave, West Palm Beach, FL 33405-1031
      View Details
    • Value Estimation by Request
      1,044 SF

      5405 Webster Ave

      MANUFACTURING (LIGHT) • 1,044 SF
      5405 Webster Ave, West Palm Beach, FL 33405-3203
      View Details
    • Value Estimation
      $620,000
      3,875 SF

      4300 Georgia Ave

      MANUFACTURING (LIGHT) • 3,875 SF
      4300 Georgia Ave, West Palm Beach, FL 33405-2522
      View Details
    • Value Estimation
      $1,990,000
      14,649 SF

      600 Roseland Dr

      MANUFACTURING (LIGHT) • 14,649 SF
      600 Roseland Dr, West Palm Beach, FL 33405-2221
      View Details
    • Value Estimation
      $570,000
      4,600 SF

      4701 Georgia Ave

      MANUFACTURING (LIGHT) • 4,600 SF
      4701 Georgia Ave, West Palm Beach, FL 33405-2813
      View Details

    Similar Nearby for Sale

    • $1,395,000

      West Palm Beach Automotive Building

      2420 SF industrial building suitable for automotive or small business.
      1420 Forsythe Rd, West Palm Beach, FL 33405
      View Details
    • $1,395,000
      2,420 SF

      West Palm Beach Industrial Building

      2420 SF industrial building suitable for automotive or warehouse use.
      1420 Forsythe Rd, West Palm Beach, FL 33405
      View Details
    • $3,495,000
      9,000 SF

      Warehouse Space in West Palm

      Income-producing warehouse space with redevelopment potential in West Palm Beach.
      7001 Norton Ave, West Palm Beach, FL 33405
      View Details
    • $1,395,000

      Free Standing Industrial Zoned Building

      2420 SF building with 13' ceilings and fenced area.
      1420 Forsythe Rd, West Palm Beach, FL 33405
      View Details
    • $3,495,000

      Income-Producing Warehouse Space Available

      Warehouse property with redevelopment potential in a prime location.
      7001 Norton Ave, West Palm Beach, FL 33405
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    • $645,000
      1,447 SF

      Multifamily Property with Income Potential

      Multifamily property with two residences and income-producing opportunity.
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    Similar Nearby for Lease

    • $23 SF/Yr
      1,600 SF

      Office/Warehouse Space Available For Rent

      1,600 SF office/warehouse with 16' clear height and overhead door.
      1400 Forsythe Rd, West Palm Beach, FL 33405
      View Details
    • $21 SF/Yr
      4,750 SF

      Georgia Ave Warehouse - 4,750 SF

      Prime industrial warehouse, single tenant, ideal location.
      5700 Georgia Ave, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      97,200 SF

      Airport Center Industrial Space

      Industrial space for lease near Palm Beach International Airport.
      6017 Southern Blvd, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      121,502 SF

      West Palm Beach Distribution Center

      New industrial development near Palm Beach International Airport.
      6071 Southern Blvd, West Palm Beach, FL 33405
      View Details
    • $9,500 /Mo
      1,554 SF

      West Palm Beach Automotive Opportunity

      High-visibility commercial space in the Georgia Avenue Design District.
      5913 Georgia Ave, West Palm Beach, FL 33405
      View Details
    • Contact for pricing
      70,227 SF

      Belmart Plaza: Retail Space Available

      Prime Palm Beach County retail space. Multiple units, ample parking.
      0 Belvedere Rd. & Georgia Ave, West Palm Beach, FL 33405
      View Details
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    2915 Dixie Hwy
    West Palm Beach, FL 33405-1503
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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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