Property profile

822 Dixie Hwy 16 Lantana, FL 33462

OFF-MARKET
Investment properties
Property ID
US18-1973511
1,598 SF 7 ac lot Built 2005
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 1,015-square-foot mixed-use commercial condo is ideally situated on Dixie Highway/US1 in Lantana, Florida, offering exceptional street visibility. Located on the ground floor of the Moorings at Lantana, this property boasts a prime location with ample customer parking. The interior features a reception area, open workspace, private meeting room, corner office, and a break room with storage. Previously used as a beauty salon, the unit has capped water lines easily reconnected if needed. Built in 2005 with renovations in 2010, this single-story space is zoned MW—MIXED USE WATERFRONT, allowing for versatile uses. The property is corporate-owned and currently has two tenants with leases commencing September 1, 2024, and expiring March 1, 2025. The asking price is $599,000. Ownership includes access to the community's impressive amenities: two pools, two spas, a gym, business center, sauna, and clubhouse. Water, sewer, exterior insurance, and common area maintenance are included in the dues. A new HVAC system was installed in 2021. The property's APN is 40-43-44-34-37-000-0110. This offering is for the real estate only

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Construction CONCRETE BLOCKS
Total area 1,598 SF
Lot 7 ac (304,920 SF)
APN 40-43-44-34-37-000-0160
UPID US18-1973511

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
  • Real Estate Agency
  • Real Estate Agency

Location

822 Dixie Hwy, Unit 16 Lantana, FL 33462-1803
Lantana metro Census 5501 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2021
Last sale
$388,000
7 recorded transactions
2021
$388,000
2016
$290,000
2013
$120,000
2009
Price N/A
2006
$475,000
2005
$394,650
1969
Price N/A

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
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