Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    828 Dixie Hwy Lake Worth, FL 33460-5042

    • Hotels
    • 2,794 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $775,000
    Show details
    Cap Rate Potential
    8.7%
    Hotels
    Location Intelligence
    Property ID
    US18-3262970
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Budget Inn Lake Worth Beach / Hotel & Motel

    Property Details for 828 Dixie Hwy

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Property size
    2,794 SF
    Zone code
    MU-DIXIE
    Property type
    Hotels
    Property subtype
    Motels
    APN
    38-43-44-27-01-016-0010
    APU
    38434427010160010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $865,000
      Market price range: $186k - $1.15M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,170,000
      Current use
      AUTO REPAIR, GARAGE
      $1,150,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $1,100,000
      Change: -6% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,015,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Worth
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0574
    Latitude
    26.6052
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,576
    $236,271
    $419,541
    $655,812
    -
    $236,271
    $419,541
    $655,812

    Comparable in this City

    • Value Estimation
      $1,800,000
      3,667 SF

      1601 Federal Hwy

      HOTEL/MOTEL • 3,667 SF
      1601 Federal Hwy, Lake Worth, FL 33460-5841
      View Details
    • Value Estimation
      $915,000
      1,740 SF

      1509 Federal Hwy, Unit 1

      HOTEL/MOTEL • 1,740 SF
      1509 Federal Hwy, Lake Worth, FL 33460-5763
      View Details
    • Value Estimation
      $2,175,000
      5,286 SF

      1105 Federal Hwy, Unit 1

      HOTEL/MOTEL • 5,286 SF
      1105 Federal Hwy, Lake Worth, FL 33460-5243
      View Details
    • Value Estimation
      $595,000
      3,730 SF

      1102 Dixie Hwy

      HOTEL/MOTEL • 3,730 SF
      1102 Dixie Hwy, Lake Worth, FL 33460
      View Details
    • Value Estimation
      $580,000
      3,020 SF

      722 Dixie Hwy

      HOTEL/MOTEL • 3,020 SF
      722 Dixie Hwy, Lake Worth, FL 33460-2527
      View Details
    • Value Estimation
      $655,000
      4,544 SF

      808 H St

      HOTEL/MOTEL • 4,544 SF
      808 H St, Lake Worth, FL 33460
      View Details

    Similar Nearby for Sale

    • $1,900,000

      Lake Worth Beach Building Opportunity

      Large lot to build your dream home in Lake Worth.
      1118 S Palmway, Lake Worth, FL 33460
      View Details
    • $715,000

      Charming Lake Worth Duplex

      Lake Worth duplex near beach and downtown shops and restaurants.
      213-215 S Ocean Breeze St, Lake Worth, FL 33460
      View Details
    • $2,500,000
      7,460 SF

      Downtown Lake Worth Retail Storefront

      7,460 SF vacant retail in historic downtown location.
      716 Lake Ave, Lake Worth, FL 33460
      View Details
    • $349,995

      Lake Worth Beach Development Opportunity

      High-elevation lot near beach, shopping, and entertainment. No HOA.
      1201 16Th Ave N, Lake Worth, FL 33460
      View Details
    • $3,500,000
      9,750 SF

      Lake Worth Mixed-Use Investment

      Multi-tenant property in historic downtown Lake Worth Beach.
      800 Lake Ave, Lake Worth, FL 33460
      View Details
    • $705,000

      Townhouse Duplex with Spacious Units

      Two-story duplex featuring large units near I-95 and downtown.
      910 N F St, Lake Worth, FL 33460
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      3,971 SF

      Prime Downtown Lake Worth Retail

      High-traffic retail space in central Lake Worth Beach.
      500 Lake Ave, Lake Worth, FL 33460
      View Details
    • $83 SF/Yr
      143 SF

      Dixie Hwy Office Suite

      Small Professional Office Space Available
      1315 Dixie Hwy Hwy, Lake Worth Beach, FL 33460
      View Details
    • $4,645 /Mo

      Updated Retail Space on Dixie

      930 SF retail/office space in Lake Worth Beach, FL.
      1808/1810 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $3,000 /Mo

      Lake Worth Duplex For Rent

      3/2 Duplex available for rent in Lake Worth, Florida.
      1502 S K Ln, Lake Worth, FL 33460
      View Details
    • Contact for pricing
      1,225 SF

      New Retail Space Available

      Customizable retail space in Lake Worth with excellent exposure.
      1601 N Dixie Hwy, Lake Worth, FL 33460
      View Details
    • $1,200,000
      620 SF

      Lake Worth Beach Multifamily Property

      Multifamily property in Lake Worth Beach with strong rental demand.
      602 N H St, Lake Worth, FL 33460
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    828 Dixie Hwy
    Lake Worth, FL 33460-5042
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!