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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Turn key restaurants
55 2nd Ave Delray Beach, FL 33444-3615
Entity Owned
17-yr Hold
Free & Clear
Property ID
US18-2739123
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1996
Construction
WOOD
Total area
3,615 SF
Lot
1.16 ac (50,351 SF)
Zoning code
CBD
APN
12-43-46-16-J9-001-0000
UPID
US18-2739123
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
-
Scott Sanok Marketing & Advertising (Bike/Boat/Book/etc) Store
-
FLORIDA IS PARADISE Real Estate Agency
-
Trend Marketing Brands Alternative Medicine Practice
-
Full Contact SEO Marketing & Advertising
-
Ability Commerce Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
290 East Atlantic LLC · 17 yrs held
290 East Atlantic LLC
since 2008
6 recorded transactions
Zoning & alternative use
CBD · Delray Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$299 / 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
$153,786
Tax year 2023
Assessed value
$8,125,024
Assessed 2023
Previous assessed
$7,169,886
+13.3% YoY
Effective rate
1.89%
On assessed value
Assessed land
$5,750,588
Assessed improvement
$2,374,436
Land market value
$5,750,588
Improvement market value
$2,374,436
Total market value
$8,125,024
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1996
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
3,615 SF
Lot
1.16 ac (50,351 SF)
Zoning code
CBD
APN
12-43-46-16-J9-001-0000
UPID
US18-2739123
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CBD · Delray Beach, FL
Zoning 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
Delray Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.16 ac
Current owner
From public records · entity-resolved
290 East Atlantic LLC
Entity
Free & Clear · 17 yrs held
Mailing address
200 SW 2ND STA, FORT LAUDERDALE, FL 33301-1822
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
290 East Atlantic LLC
—
Deed
related
$15,000,000 · Amerant Bk NA
Oct 11, 2016
—
290 East Atlantic LLC
—
Deed
related
$5,875,431 · Mercantil Commercebank
Sep 16, 2008
$4,200,000
290 East Atlantic LLC
Faison Grove Square LLC
Special Warranty Deed
—
—
—
290 East Atlantic LLC
—
Loan Modification
related
$15,000,000 · Amerant Bk NA
—
—
290 East Atlantic LLC
—
Deed Of Trust
related
$6,500,000 · Everbank
—
—
290 East Atlantic LLC
—
Loan Modification
related
$5,875,431 · Mercantil Commercebank
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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