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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
818 Dixie Hwy Lake Worth, FL 33460-2574
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-2131685
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1949
Construction
WOOD
Total area
1,700 SF
Lot
0.15 ac (6,504 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-244-0050
UPID
US18-2131685
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
-
Phrancesca Desauguste, ARNP Physician
-
Carlos Vazquez-Santiago Medical Clinic
-
Dr. Gerardo Alvarado Physician
-
American Care Medical Center Medical Clinic
-
Alexandra Renelus Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$714k
Blend (final)
Blend
$535k
Owner & transaction history
818 North Dixie LLC · 4 yrs held
818 North Dixie LLC
since 2022
4 recorded transactions
Zoning & alternative use
MU-DIXIE · Lake Worth, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$700,000
+27.6%
Medical building
$670,000
+22.2%
Neighborhood: shopping center
$620,000
+12.8%
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%
$800,000
6.5%
$740,000
7%
$685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
AUTO REPAIR, GARAGE
$700,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +22% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$620,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$490,000
Change: -11% · Conversion: Moderate
WAREHOUSE, STORAGE
$470,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$445,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$315 / 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
$10,218
Tax year 2023
Assessed value
$420,602
Assessed 2023
Previous assessed
$360,881
+16.5% YoY
Effective rate
2.43%
On assessed value
Assessed land
$119,702
Assessed improvement
$300,900
Land market value
$119,702
Improvement market value
$300,900
Total market value
$420,602
Applied tax rate
38,453.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
1
Total area
1,700 SF
Lot
0.15 ac (6,504 SF)
Zoning code
MU-DIXIE
APN
38-43-44-21-15-244-0050
UPID
US18-2131685
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$550,000
AUTO REPAIR, GARAGE
Est. value
$700,000
MEDICAL BUILDING
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$620,000
RETAIL STORES
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$445,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
818 North Dixie LLC
Entity
Free & Clear · 4 yrs held
Mailing address
265 SE 6TH AVE, DELRAY BEACH, FL 33483-5226
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
$575,000
818 North Dixie LLC
818 North Dixie LLC
Warranty Deed
related
—
Apr 28, 2016
—
818 North Dixie LLC
Suga Dev LLC
Warranty Deed
—
Apr 24, 2015
$303,800
Suga Dev LLC
Summertime Dev Corp Coc
Trustees Deed
—
Oct 14, 1998
$120,000
Summertime Dev Corp
Jordan,albert G & Barbara L
Grant Deed
$76,000 · Sterling 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.
Try Rey
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