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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Turn key restaurants
717 Lk Ave Lake Worth, FL 33460-3812
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2621250
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1926
Construction
WOOD
Total area
4,594 SF
Lot
0.11 ac (4,879 SF)
Zoning code
DT
APN
38-43-44-21-15-019-0121
UPID
US18-2621250
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
-
El Diablo Tequila & Taco Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.48M
Owner & transaction history
717 Lake Ave Holdings LLC · 4 yrs held
717 Lake Ave Holdings LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
DT · Lake Worth, 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 Lake Worth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Worth 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
$2,395,000
ML approach
$2,530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±10% · vs last sale $2.50M (Jan 18 2022)
Last sale anchor
$2.50M
Jan 18 2022
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
$540 / 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
$27,457
Tax year 2023
Assessed value
$978,006
Assessed 2023
Previous assessed
$904,117
+8.2% YoY
Effective rate
2.81%
On assessed value
Assessed land
$323,136
Assessed improvement
$654,870
Land market value
$323,136
Improvement market value
$654,870
Total market value
$978,006
Applied tax rate
38,453.0000
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
1926
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,594 SF
Lot
0.11 ac (4,879 SF)
Zoning code
DT
APN
38-43-44-21-15-019-0121
UPID
US18-2621250
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
DT · Lake Worth, FLZoning DT · permitted uses
DT · Lake Worth, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1926
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
717 Lake Ave Holdings LLC
Entity
Mailing address
1013 LUCERNE AVE STE #30, LAKE WORTH BEACH, FL 33460-3746
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$2,500,000
717 Lake Ave Holdings LLC
717 Lake Avenue LLC
Special Warranty Deed
—
Jul 15, 2020
—
717 Lake Avenue LLC
—
Deed
related
$775,773 · Cimaglia Hldgs Number Two LLC
Sep 6, 2019
—
717 Lake Avenue LLC
—
Deed
related
$650,000 · Kcm Entertainment LLC
Jul 11, 2019
—
717 Lake Avenue LLC
—
Deed
related
$250,000 · Kcm Entertainment LLC
Nov 2, 2018
$100
717 Lake Avenue LLC
Pelican Investment Group LLC
Grant Deed
related
—
Aug 13, 2018
$1,400,000
717 Lake Avenue LLC
Callaros Steak House LLC
Grant Deed
related
—
Jul 31, 2018
$1,400,000
Pelican Investment Group LLC
Callaros Steak House LLC
Warranty Deed
—
Jul 31, 2018
—
717 Lake Avenue LLC
—
Deed
related
$888,000 · Cimaglia Hldgs Number Two LLC
Jun 17, 2013
$900,000
Callaros Steak House LLC
Cimaglia Holdings Number Two L
Warranty Deed
$888,000 · Cimaglia Holdings Number Two L
Oct 7, 2010
$515,000
Cimaglia Holdings Two LLC
Sa Challenger INC
Quit Claim Deed
related
—
Apr 8, 2010
$320,100
Sa Challenger INC
Carant INC Coc
Trustees Deed
related
—
Jun 28, 2005
$355,910
Carant INC
Cela,gilbert
Warranty Deed
—
Jun 28, 1994
$185,000
Larry Etal Sweetwood
Colnaghi,daniel
Warranty Deed
related
$160,000
—
—
717 Lake Avenue LLC
—
Loan Modification
related
$650,000 · Kcm Entertainment LLC
—
—
717 Lake Avenue LLC
—
Deed Of Trust
related
$250,000 · Kcm Entertainment LLC
—
—
Gilbert Cela
—
Deed Of Trust
related
$210,664 · First Union Nat'l Bank Florida
—
—
Carant INC
—
Deed Of Trust
related
$600,000 · Greenpoint Mortgage Funding
—
—
717 Lake Avenue LLC
—
Deed Of Trust
related
$775,773 · Cimaglia Hldgs Number Two LLC
—
—
717 Lake Avenue LLC
—
Loan Modification
related
$888,000 · Cimaglia Hldgs Number Two LLC
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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