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    7231 Atlantic Ave Delray Beach, FL 33446-1305
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    Property profile & analytics

    7231 Atlantic Ave, Delray Beach, FL 33446-1305

    View on Map
    • Drive through restaurants
    • 2,356 SF
    • 1.03 lot acres
    Off-Market
    Property ID
    US18-4492463
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dunkin' / Bakery / Discount Store

    Property Details for 7231 Atlantic Ave

    Year built
    1990
    Construction
    WOOD
    Lot size
    1.03 lot acres
    Zone code
    CG
    Property type
    Drive through restaurants
    APN
    00-42-46-16-01-003-0060
    APU
    424616010030060

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2017 $31,745,000 Atklantic Aveune Assocviares LLC Rlv Oridole Special Warranty Deed $20M · Florida Community Bank NA
    Nov 9, 2016 — Clpf-pompano LLC — Deed · related $200M · Miscellaneous Ins Co
    Feb 1, 2005 $23,031,277 Oriole Plaza Rlv Oriole Plaza LLC Grant Deed —
    — — Clpf-pompano LLC — Deed Of Trust · related $200M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Delray Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.1607
    Latitude
    26.4542
    CBSA code
    33100
    CBSA name
    MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,754
    $1,176,578
    $226,022
    $1,402,600
    -
    $1,176,578
    $226,022
    $1,402,600

    Comparable in this City

    • Value Estimation
      $725,000
      1,959 SF

      8854 Atlantic Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      8854 Atlantic Ave, Delray Beach, FL 33446-9804
      View Details
    • Value Estimation
      $540,000
      2,940 SF

      15020 Jog Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      15020 Jog Rd, Delray Beach, FL 33446-1218
      View Details
    • Value Estimation
      $2,670,000
      4,755 SF

      15058 Jog Rd

      RESTAURANT
      15058 Jog Rd, Delray Beach, FL 33446-1218
      View Details
    • Value Estimation
      $19,220,000
      92,892 SF

      13400 State Rd 7th 7

      SHOW ROOM, WAREHOUSE
      13400 State Rd 7th 7, Delray Beach, FL 33446-9627
      View Details
    • Value Estimation
      $890,000
      3,432 SF

      9278 158th S Rd

      SHOW ROOM, WAREHOUSE
      9278 158th S Rd, Delray Beach, FL 33446-9708
      View Details
    • Value Estimation
      $3,755,000
      14,508 SF

      Atlantic Ave

      SHOW ROOM, WAREHOUSE
      Atlantic Ave, Delray Beach, FL 33446
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,940 SF

      Delray Beach Vacant Retail Building

      Vacant 2,940 SF building on 1.0 acre lot.
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    • Contact for pricing
      1,265 SF

      Entertainment-Oriented Lifestyle Center For Rent

      Entertainment-oriented lifestyle center with retail, restaurants, and outdoor amphitheater.
      14917 Lyons Rd, Delray Beach, FL 33446
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    • New
      $289,000
      16,323 SF

      Turn-Key Newly Renovated Restaurant

      Modern dining area and fully equipped kitchen positioned for strong foot and vehicle traffic along Jog Road.
      15280 S Jog Rd, Delray Beach, FL 33446
      View Details
    • $175,000

      Pet Grooming Business Opportunity

      Established pet grooming business for sale in Delray Beach, FL.
      Delray Beach, FL 33446
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    • $3,750,000
      2.70 Acres

      2.7 Acres on 441

      2.7-acre parcel in Delray Beach with rezoning potential.
      10069 La Reina Rd, Delray Beach, FL 33446
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    • $7,500,000
      6.33 Acres

      Prime Land in Delray Beach

      6.4 acres with potential for medical, office, or retail.
      15445 S State Rd 7, Delray Beach, FL 33446
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Retail Space in Delray Beach

      Retail spaces available in high-traffic Delray Beach shopping center.
      16850 S Jog Rd, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      1,450 SF

      Delray Beach Retail Opportunity

      Retail space available in entertainment-oriented lifestyle center.
      14859 Lyons Rd, Delray Beach, FL 33446
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Delray Beach, Florida.
      13760 Jog Rd, Delray Beach, FL 33446
      View Details
    • Contact for pricing

      Retail & Restaurant Space Available

      Retail and restaurant spaces in a premier lifestyle destination.
      Delray, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      1,960 SF

      Retail Space in Lifestyle Center

      Retail space available in entertainment-oriented lifestyle center.
      9173 W Atlantic Ave, Delray Beach, FL 33446
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Atlantic Plaza

      Retail space available in a high-traffic shopping center.
      15200 S Jog Rd, Delray Beach, FL 33446
      View Details
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    Delray Beach, FL 33446-1305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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