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Property profile & analytics
FOR SALE
Hotels
709 Dixie Hwy 10 Lake Worth, FL 33460-4950
Individually Owned
28-yr Hold
~
Est. High Equity
Property ID
US18-4202709
For Sale
1 / 12
Contact for pricing
709 Dixie Hwy,Unit 10, Lake Worth, FL 33460-4950
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1953
Construction
WOOD
Total area
3,116 SF
Lot
0.45 ac (19,537 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-223-0100
UPID
US18-4202709
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
-
Southgate Motel Lake Worth Beach Hotel & Motel
-
Southgate Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$205k
Owner & transaction history
Udayachand Avula · 28 yrs held
Udayachand Avula
since 1998
7 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
$205k
Range $185k – $226k · ±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
$66 / 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
$9,363
Tax year 2023
Assessed value
$357,689
Assessed 2023
Previous assessed
$336,542
+6.3% YoY
Effective rate
2.62%
On assessed value
Assessed land
$179,945
Assessed improvement
$177,744
Land market value
$179,945
Improvement market value
$177,744
Total market value
$357,689
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1953
Construction
WOOD
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
7
Rooms
2
Total area
3,116 SF
Lot
0.45 ac (19,537 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-223-0100
UPID
US18-4202709
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
1953
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
7
Rooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Udayachand Avula
Individual
Mailing address
709 S DIXIE HWY, LAKE WORTH BEACH, FL 33460-4950
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Udaya C Avula
—
Deed
related
$100,000 · Banesco USA
Feb 2, 1998
$365,000
Udayachand Avula
Mody Associates INC
Grant Deed
$83,478 · Seller
—
—
Udaya C Avula
—
Deed Of Trust
related
$105,000 · Security Bank
—
—
Udaya C Avula
—
Deed Of Trust
related
$275,000 · Sound Mortgage INC
—
—
Udaya C Avula
—
Loan Modification
related
$100,000 · Banesco USA
—
—
Udaya C Avula
—
Loan Modification
related
$265,000 · Banesco USA
—
—
Udaya C Avula
—
Deed Of Trust
related
$40,000 · Security Bank
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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