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Property profile & analytics
OFF-MARKET
Estimated value
$8,225,000
Drive through restaurants
37 Atlantic Ave Delray Beach, FL 33444-3659
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-4083497
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1980
Construction
WOOD
Total area
1,320 SF
Lot
0.38 ac (16,753 SF)
Zoning code
OSSHAD
APN
12-43-46-16-01-060-0130
UPID
US18-4083497
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
-
Dunkin' Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.23M
Owner & transaction history
Mdg Banyan Delray Partners LLC · 5 yrs held
Mdg Banyan Delray Partners LLC
since 2020
Last sale
$8.3M
5 recorded transactions
Zoning & alternative use
OSSHAD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Old School Square Historic Arts District, OSSHAD is a mixed use district which is intended to provide for mixed uses of residential, office, and commercial activities, with an emphasis on the arts, that will encourage the restoration or preservation of historic structures and, yet, maintain and enhance the historic and pedestrian scale of the area
Zone name
Old School Square Historic Arts District
General category
MIXED_USE
Zone area
44.59 ac
Source
Realmo
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 Delray Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delray Beach 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
$11,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.23M
Range $7.40M – $9.05M · ±10% · vs last sale $8.25M (Dec 30 2020)
Last sale anchor
$8.25M
Dec 30 2020
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
$6,231 / 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
$72,790
Tax year 2023
Assessed value
$4,122,489
Assessed 2023
Previous assessed
$3,644,377
+13.1% YoY
Effective rate
1.77%
On assessed value
Assessed land
$3,929,235
Assessed improvement
$193,254
Land market value
$3,929,235
Improvement market value
$193,254
Total market value
$4,122,489
Applied tax rate
88,987.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
1,320 SF
Lot
0.38 ac (16,753 SF)
Zoning code
OSSHAD
APN
12-43-46-16-01-060-0130
UPID
US18-4083497
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
OSSHAD · Delray Beach, FLZoning OSSHAD · permitted uses
OSSHAD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Old School Square Historic Arts District, OSSHAD is a mixed use district which is intended to provide for mixed uses of residential, office, and commercial activities, with an emphasis on the arts, that will encourage the restoration or preservation of historic structures and, yet, maintain and enhance the historic and pedestrian scale of the area
Zone name
Old School Square Historic Arts District
General category
MIXED_USE
Zone area
44.59 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mdg Banyan Delray Partners LLC
Entity
Free & Clear · 5 yrs held
Mailing address
227 W MONROE ST STE #5040, CHICAGO, IL 60606-4900
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
—
Mdg Banyan Delray Partners LLC
—
Deed
related
$19,929,525 · Delray Atlantic Mortgage LLC
Jan 11, 2023
—
Mdg Banyan Delray Partners LLC
—
Deed
related
$5,421,200 · Cecilia J Egan Etal
Dec 30, 2020
—
Mdg Banyan Delray Partners LLC
Cecilia J Egan
Warranty Deed
—
Apr 8, 2019
$100
Vultaggio Philip JR.
Old Sch Square Promenade LLC
Warranty Deed
—
Nov 19, 2014
—
Old School Sq Promonade LLC
Egan,cecilia J
Grant Deed
—
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.
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