Public market commentary. This property is not listed for sale by Justin Crow · Mattis Advisors.

4601 Broadway

West Palm Beach, FL 33407  ·  Supermarket  ·  Folio 74434304050260010
Building
13,199
square feet
Lot
40,827
0.94 acres
Year built
2003
23 years old
Assessed value
$2,140,790
$162/SF assessed

Ownership and recorded sale history

Owner of recordBROADWAY CAPITAL LLC
Entity statusActive — Florida Division of Corporations
Last recorded sale2023 — $2,750,000
At that sale$208/SF
Years since3 years
Palm Beach County Property Appraiser and Florida Division of Corporations. Public records; may lag actual events.

What has actually traded in Broadway / North Dixie

Recorded transactions for retail properties in the Broadway and North Dixie Highway corridor, narrowed to the buildings closest to this one in size and age.

Recorded sales
8
2021–2025
Median price/SF
$247
$188 – $1,482
Median size
5,916
square feet
Median vintage
1983
year built
Computed across the 8 sales listed below — the closest matches to this building by size and vintage. Transfers under $100,000, multi-parcel portfolio deals that cannot be allocated, and land-dominant parcels are excluded.

Reading this against the corridor

The county assesses this building at $162/SF. Recorded sales of retail properties in Broadway / North Dixie since 2021 have a median of $247/SF, across a range of $188/SF to $1,482/SF.

Across those 8 recorded sales, the median sale price came in at 1.85× the county assessed value. Assessed values are set for taxation and are reset on their own schedule, so they routinely sit apart from transaction prices — in either direction.

At 13,199 SF this building is materially larger than the 5,916 SF median for retail properties trading in this corridor, which narrows the pool of directly comparable transactions.

By footprint it sits in roughly the 87th percentile of retail properties that have traded in this corridor — 2 of the 15 recorded sales were of larger buildings.

The assessment works out 34% below the median price per square foot of the comparable sales shown below. That is an arithmetic comparison of a tax figure against transaction prices, not a statement about what this building would sell for.

What this means for this building depends on what no public record contains — the leases, the condition, the rent roll.

Recorded sales of comparable size and vintage

PropertySizeBuiltSoldPricePer SF
1935 N Dixie Hwy
Stores, 1 story
13,33019562025$5,325,000$399
2121 N Tamarind Ave
Mixed Retail/Residential
4,80019472025$900,000$188
1813 N Tamarind Ave
Mixed Retail/Residential
3,13619632025$699,900$223
5701 Broadway
Auto Sales/Repair/Rental
3,45419812024$850,596$246
5300 45TH St
Service Station
6,00019852022$8,889,750$1,482
5660 N Military Trl
Department Store
6,81120152022$1,860,000$273
3111 45TH St
Stores, 1 story
24,25119892021$5,300,000$219
3100 45TH St
Auto Sales/Repair/Rental
5,83119982021$1,450,000$249
Recorded sale prices from Palm Beach County public records. Comparable transactions — not an appraisal, and not an opinion of value for this or any property.

Important Disclosures

Not a listing. The property described on this page is not listed for sale or lease by Justin Crow or Mattis Advisors. Justin Crow has no listing authority for this property and does not represent the owner unless explicitly engaged in a written agreement.

Not an appraisal. Nothing on this page constitutes an appraisal, a Broker's Opinion of Value, or a Broker Price Opinion under Florida Statute 475.612. The submarket benchmarks shown are general market observations and are not specific opinions of value for this property.

Public records. All property data is sourced from the Palm Beach County Property Appraiser's public records and is reproduced here for informational purposes. Property data may be inaccurate or out of date. Justin Crow makes no warranty as to the accuracy or completeness of any information on this page.

Owner opt-out. If you are the owner of this property and would prefer this page be removed, please email justin@mattisadvisors.com with the subject "Opt-out — Folio 74434304050260010." We will remove the page within 24 hours of receipt, no questions asked.

About. Justin Crow is a Florida-licensed real estate associate operating under Mattis Advisors. Brokerage activity is conducted through Mattis Advisors.