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Property profile & analytics
FOR SALE
Bars & Pubs
524 W Atlantic Ave Delray Beach, FL 33444
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-8579427
For Sale
1 / 11
$1,100,000
524 W Atlantic Ave, Delray Beach, FL 33444
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1956
Construction
WOOD
Total area
1,376 SF
Lot
0.1 ac (4,543 SF)
Zoning code
CBD
APN
12-43-46-16-01-021-0130
UPID
US18-8579427
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
-
Dynamics Swimwear Clothing & Fashion Store
-
The Bearded Rooster Bar & Pub
-
Born Free Coffee Cafe & Coffee Shop
-
Sundook Art Galleries Art Gallery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Laklack LLC · 2 yrs held
Laklack LLC
since 2024
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteri…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$1.3M
+31.6%
Retail stores
$1.2M
+28.9%
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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$950,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$880,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Mar 7 2024)
Last sale anchor
$1.00M
Mar 7 2024
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
$727 / 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
$12,331
Tax year 2023
Assessed value
$534,422
Assessed 2023
Previous assessed
$534,422
+0.0% YoY
Effective rate
2.31%
On assessed value
Assessed land
$233,795
Assessed improvement
$300,627
Land market value
$233,795
Improvement market value
$300,627
Total market value
$534,422
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,376 SF
Lot
0.1 ac (4,543 SF)
Zoning code
CBD
APN
12-43-46-16-01-021-0130
UPID
US18-8579427
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FLZoning CBD · permitted uses
CBD · Delray Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Central Business District (CBD) is established to preserve and protect the cultural and historic aspects of downtown Delray Beach and simultaneously provide for the stimulation and enhancement of the vitality and economic growth of this special area. The CBD is comprised of five sub-districts, each with regulations to support their distinctive characteristics. The CBD is compatible with land areas designated as Commercial Core on the Land Use Map
Zone name
Central Business District
General category
COMMERCIAL
Zone area
229.25 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$950,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$880,000
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Laklack LLC
Entity
Free & Clear · 2 yrs held
Mailing address
255 MURRAY RD, WEST PALM BEACH, FL 33405-3357
Ownership since
2024
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 7, 2024
$1,000,000
Laklack LLC
Del Harbour Ventures LLC
Warranty Deed
—
Apr 20, 2021
$1,100,000
Del Harbour Ventures LLC
Delray Hi LLC
Special Warranty Deed
—
Jun 27, 2019
$281,072
Delray H1 LLC
Delray H1 LLC
Warranty Deed
related
—
Sep 1, 2017
$830,000
Delray H1 LLC
Oriordan,brooke R
Warranty Deed
—
Oct 11, 2016
$300,000
Brooke R O'riordan
Allen,paul
Warranty Deed
$300,000 · Other Institutional Lenders
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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