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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Hotels
714 Dixie Hwy Lake Worth, FL 33460-4951
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US18-3126657
Property summary
AI-generated overview
This 19-key hotel in Lake Worth Beach, Florida, presents a compelling value-add investment opportunity. Located at 714 S Dixie Hwy, this two-story, 6,944 square foot property sits on a 14,096 square foot lot and was built in 1981. The hotel boasts a prime location with high traffic volume (13,700 AADT), offering significant potential for increased revenue. Its proximity to Palm Beach International Airport (10-minute drive) and the Lantana Sports Complex (7-minute drive) further enhances its appeal. Zoned MU-DIXIE (Mixed Use), the property offers untapped potential within Lake Worth Beach's thriving area. The asking price is $3,400,000, translating to $504.03 per square foot and $178,947.37 per key. This meticulously maintained hotel offers a blend of luxury and convenience, making it an attractive investment for those seeking a strong return. The property consists of one building and features 19 keys.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1981
Construction
CONCRETE
Total area
6,944 SF
Lot
0.32 ac (14,096 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-221-0032
UPID
US18-3126657
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
-
Lago Motor Inn Lake Worth Beach Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.37M
Owner & transaction history
Baron,richard · 15 yrs held
Baron,richard
since 2011
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
$1.37M
Range $1.23M – $1.51M · ±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
$197 / 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
$16,111
Tax year 2023
Assessed value
$742,876
Assessed 2023
Previous assessed
$672,197
+10.5% YoY
Effective rate
2.17%
On assessed value
Land market value
$301,300
Improvement market value
$459,531
Total market value
$760,831
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
Off-Market
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
AC.PACKAGE
Stories
2
Units
17
Rooms
17
Total area
6,944 SF
Lot
0.32 ac (14,096 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-221-0032
UPID
US18-3126657
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Zoning 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
Lake Worth. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
17
Rooms
17
Lot
0.32 ac
Current owner
From public records · entity-resolved
Baron,richard
Individual
Mailing address
714 S DIXIE HWY, LAKE WORTH BEACH, FL 33460-4951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Feb 4, 2011
$1,000,000
Baron,richard
Baran,mariusz & Iwona
Warranty Deed
$1,000,000 · Mariusz & Iwona Baran
Aug 4, 2004
$1,100,000
Mariusz Baran
Zatorski,ryszard & Halina
Warranty Deed
$1,000,000 · Ryszard & Halina Zatorski
—
—
Richard Baron
—
Loan Modification
related
$500,000 · Mariusz & Iwona Baran
—
—
Mariusz Baran
—
Deed Of Trust
related
$250,000 · Ryszard & Halina Zatorski
—
—
Baron,richard
—
Deed Of Trust
related
$729,841 · Mariusz & Iwona Baran
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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