Restaurant Opportunity in Davenport,
For Sale
$255,000
103 AMBERSWEET WAY, Davenport, FL 33897
Restaurant for sale with established reputation and prime location.
Property Size1,400 SF
Price / SF$182.14
Days on Market845
Property Features for 103 AMBERSWEET WAY
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,484
Building Details
Year Built
2006
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Adriana Murcia · License #3142445
(352) 217-8200
Source:
Exitrealty
Added: Jul 12, 2024
Changed: Oct 25
Last Checked: Oct 20 at 5:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property, with a size of 1400 square feet, offers a location suitable for establishing or expanding a business. The property is situated in an area with other businesses. This restaurant presents an opportunity for continued growth and development.
Key Highlights
- Excellent location for business.
- Turnkey restaurant ready for operation.
- Established good reputation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,202
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,040
$364.0K
Cap Rate 7%
$260,029
$260.0K
Cap Rate 9%
$202,244
$202.2K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$26.0K $18.60/SF
− Vacancy
−$1.8K −$1.26/SF
EGI
$24.3K $17.34/SF
− OpEx
−$6.1K −$4.33/SF
NOI
$18.2K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$364,040
Cap Rate 7%
$260,029
Cap Rate 9%
$202,244
Alternative Uses
Best Use
Specialty Retail
$260.0K
$227.5K – $303.4K
NOI $18,202 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.4K
$294.4K – $392.5K
NOI $23,550 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33897, FL
25,352
Population
13,291
Households
1.9
Avg Household Size
38
Median Age
28%
College-Educated
94%
High-School Grad
41.8 sq mi
ZIP Area
607
Density / Sq Mi
$73,457
Median Household Income
$36,154
Median Earnings
$1,880
Median Rent
$279,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant for sale with established reputation and prime location.
Where is this conventional restaurant located?
The property is located at 103 AMBERSWEET WAY Davenport, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Excellent location for business.; Turnkey restaurant ready for operation.; Established good reputation.
