Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    311 Dixie Hwy Lake Worth, FL 33460-3363
    Back to Search
    Property profile & analytics

    311 Dixie Hwy, Lake Worth, FL 33460-3363

    View on Map
    • Grocery and convenience stores
    • 2,172 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Dec 28, 2023
    $1,000,000
    Property ID
    US19-0009083
    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.
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    4.7%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Tony's Latin Grocery / Grocery & Convenience Store / Food Market

    Property Details for 311 Dixie Hwy

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Zone code
    MU-DIXIE
    Property type
    Grocery and convenience stores
    APN
    38-43-44-21-15-084-0260
    APU
    38434421150840260

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2023 $1,000,000 Bright Investors Group LLC Rh Property Mart INC Warranty Deed $1.5M · Falcon One Holdings INC
    Mar 14, 2012 — Julissa Hernandez Hernandez,rufino R Quit Claim Deed · related —
    Apr 16, 2005 — Rh Property Mart INC Hernandez,rufino Quit Claim Deed · related —
    Mar 21, 2005 $650,000 Rufino Hernandez Lassiter,w G JR Warranty Deed —
    Feb 8, 2002 $300,000 W G Lassiter Graham Trust Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $805,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $695,000
      6.5%
      $645,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $766,000
      Market price range: $767k - $3.50M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $790,000
      Current use
      AUTO REPAIR, GARAGE
      $895,000
      Change: +13% Conversion: Difficult
      MEDICAL BUILDING
      $855,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $700,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0575
    Latitude
    26.6195
    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
    $8,703
    $92,565
    $168,413
    $260,978
    -
    $92,565
    $168,413
    $260,978

    Comparable in this City

    • Value Estimation
      $7,265,000
      32,772 SF

      214 Dixie Hwy

      GROCERY, SUPERMARKET
      214 Dixie Hwy, Lake Worth, FL 33460-3362
      View Details
    • Value Estimation by Request
      1,764 SF

      401 Lk Ave

      CONVENIENCE STORE
      401 Lk Ave, Lake Worth, FL 33460-3806
      View Details
    • Value Estimation by Request
      1,751 SF

      1001 Dixie Hwy

      CONVENIENCE STORE
      1001 Dixie Hwy, Lake Worth, FL 33460-5115
      View Details
    • Value Estimation by Request
      1,296 SF

      1901 Dixie Hwy

      CONVENIENCE STORE
      1901 Dixie Hwy, Lake Worth, FL 33460-6262
      View Details
    • Value Estimation by Request
      1,740 SF

      602 Dixie Hwy

      CONVENIENCE STORE
      602 Dixie Hwy, Lake Worth, FL 33460-4949
      View Details
    • Value Estimation
      $930,000
      4,270 SF

      117 Federal Hwy

      CONVENIENCE STORE
      117 Federal Hwy, Lake Worth, FL 33460-3435
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,750 SF

      Retail Storefront in Historic Downtown

      3,500 SF retail storefront with outdoor patio space.
      802 Lake Ave, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      2,550 SF

      Downtown Lake Worth Retail Storefront

      Single-tenant retail storefront in historic downtown Lake Worth, Florida.
      805 Lucerne Ave, Lake Worth, FL 33460
      View Details
    • $10,000,000

      Downtown Lake Worth Retail Portfolio

      Five multi-tenant retail properties in vibrant Downtown Lake Worth Beach.
      Lk Ave & Lucerne Ave, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      3,828 SF

      Retail Space in Lake Worth

      Retail property with mixed-use zoning and storefront entrances.
      2011 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      8,667 SF

      Historic Retail & Office Building

      8,667 SF historic retail and office building for sale.
      129 N Federal Hwy, Lake Worth, FL 33460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,225 SF

      New Retail Space Available

      Customizable retail space in Lake Worth with excellent exposure.
      1601 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Lake Worth

      Retail spaces available in renovated Lake Worth shopping center.
      2505-2565 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing

      Retail Space on Dixie Highway

      2,000 SF retail space with high traffic count.
      932 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Contact for pricing

      Lake Avenue Retail/Office Space

      1550 sqft retail/office space on Lake Avenue.
      702 Lake Ave, Lake Worth, FL 33460
      View Details
    • Contact for pricing

      Downtown Lake Worth Beach Suites

      Retail and office suites for rent in downtown Lake Worth.
      605 Lake Ave, Lake Worth, FL 33460
      View Details
    • $30 SF/Yr
      3,971 SF

      Prime Downtown Lake Worth Retail

      High-traffic retail space in central Lake Worth Beach.
      500 Lake Ave, Lake Worth, FL 33460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    311 Dixie Hwy
    Lake Worth, FL 33460-3363
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    311 Dixie Hwy, Lake Worth, FL, 33460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!