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Property profile & analytics
FOR LEASE
Bars & Pubs
620 North Dixie Hwy Lake Worth, FL 33460
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-1236989
For Lease
1 / 7
Contact for pricing
620 North Dixie Hwy, Lake Worth, FL 33460
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1959
Construction
STEEL FRAME
Total area
5,404 SF
Lot
0.39 ac (16,875 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-207-0021
UPID
US18-1236989
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
Current use
Occupant on record · Public records
-
carsunder3000.net Car Dealership
-
Poisson Motors Car Dealership
-
La Cantina Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$969k
Blend (final)
Blend
$1.06M
Owner & transaction history
620 N Dixie LLC · 6 yrs held
620 N Dixie LLC
since 2019
5 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10%
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
$195 / 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
$21,712
Tax year 2023
Assessed value
$787,511
Assessed 2023
Previous assessed
$748,972
+5.1% YoY
Effective rate
2.76%
On assessed value
Assessed land
$258,863
Assessed improvement
$528,648
Land market value
$258,863
Improvement market value
$528,648
Total market value
$787,511
Applied tax rate
38,457.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Lease
Year built
1959
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
5,404 SF
Lot
0.39 ac (16,875 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-207-0021
UPID
US18-1236989
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-DIXIE · Lake Worth, FLZoning 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
Building & site characteristics
From public records
Year built
1959
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
620 N Dixie LLC
Entity
Mailing address
620 S DIXIE HWY, LAKE WORTH BEACH, FL 33460-4949
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
$160,000
620 N Dixie LLC
Richard E Phillips
Warranty Deed
$135,000 · Richard E & Marie E Phillips
Jul 12, 2005
$700,000
La Cantina Restaurant LLC
Front Row Props Of Lake Worth INC
Warranty Deed
$560,000 · Regions Bank
Jul 7, 2003
—
Joseph Coakley
Front Row Rentals INC
Grant Deed
related
—
Feb 23, 1999
$275,000
Front Row Rentals INC
Dively,sherman S
Grant Deed
$205,000 · Seller
—
—
Robert Coakley
—
Deed Of Trust
related
$70,000 · Individual
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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