Technical
Financial
Distress signals
Property profile

5909 Dixie Hwy West Palm Beach, FL 33405

OFF-MARKET
Retail space
Property ID
US18-5525490
2,490 SF 0.11 ac lot Built 1952
Entity Owned 1-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional mixed-use property, located at 5909 S Dixie Highway in West Palm Beach, Florida, presents a unique investment opportunity. The 3,601 square foot building, constructed in 1952, boasts a prime location in the desirable SoSo district, situated between Palmetto Street and Churchill Road, adjacent to a Carvel ice cream shop. The main building, facing South Dixie Highway, currently houses a salon occupying 1,530 square feet, complete with two half-baths and two convenient front entrances. A new air conditioning unit was installed in 2024. Upstairs, a two-bedroom, two-bathroom apartment features attractive wood flooring, eight impact windows, two entrances, and a private rooftop terrace. A separate building at the rear of the property offers an additional 1,111 square feet of space, including a covered patio, a 2017 gas water heater, a half-bath, and roll-down shutters. Access to both the apartment and the rear building is secured by a gated entrance. The entire property has been meticulously maintained and benefits from excellent visibility and high traffic volume in a sought-after neighborhood. The property is offered at $1,850,000 and consists of three units. This is an ideal opportunity for investors seeking a versatile property in a thriving location. The lot size is not specified.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1952
Construction WOOD
Total area 2,490 SF
Lot 0.11 ac (4,622 SF)
Zoning code NC
APN 74-43-44-04-04-010-0051
UPID US18-5525490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Location

5909 Dixie Hwy West Palm Beach, FL 33405-4030
West Palm Beach metro Census 3600 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
$540k
Comparable Approach Comparable
$401k
Blend (final) Blend
$380k

Owner & transaction history

since 2025
4 recorded transactions
2025
$1.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

NC · West Palm Beach, FL
Zoning description

. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5909 Dixie Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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