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

4802 S Dixie Hwy

West Palm Beach, FL 33405  ·  Mixed Retail/Residential  ·  Folio 74434403100020320
Building
4,211
square feet
Lot
12,885
0.30 acres
Year built
1960
66 years old
Assessed value
$1,443,004
$343/SF assessed

Ownership and recorded sale history

Owner of recordGM4802 LLC
Entity statusActive — Florida Division of Corporations
Last recorded sale2023 — $2,100,000
At that sale$499/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 South Dixie / Georgia Avenue

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

Recorded sales
8
2021–2025
Median price/SF
$308
$142 – $496
Median size
3,976
square feet
Median vintage
1958
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 $343/SF. Recorded sales of retail properties in South Dixie / Georgia Avenue since 2021 have a median of $308/SF, across a range of $142/SF to $496/SF.

Across those 8 recorded sales, the median sale price came in at 1.30× 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.

By footprint it sits in roughly the 60th percentile of retail properties that have traded in this corridor — 8 of the 20 recorded sales were of larger buildings.

The assessment works out 11% above 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
4900 S Dixie Hwy
Stores, 1 story
5,94219632025$1,675,000$282
5909 S Dixie Hwy
Mixed Retail/Residential
3,60119522025$1,305,000$362
6620 S Dixie Hwy
Mixed Retail/Residential
2,97419552024$1,475,000$496
215 Southern Blvd
Stores, 1 story
4,26519652022$1,900,000$445
5508 S Dixie Hwy
Mixed Retail/Residential
3,83419532022$875,000$228
928 Belvedere Rd
Stores, 1 story
6,00019622022$870,000$145
3717 S Dixie Hwy
Mixed Retail/Residential
4,11819492021$1,375,000$334
7301 S Dixie Hwy + 1 more parcel
Stores, 1 story · combined 3,703 SF portfolio sale
3,70319722021$525,000$142
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 74434403100020320." 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.