Five-Bay Auto
New
For Sale
$1,299,900
11 W MAGNOLIA Street, Davenport, FL 33837
Commercial Sale, DAVENPORT, FL
Property Size3,670 SF
Lot Size0.62 Acres
Price / SF$354.20
Days on Market3
Property Features for 11 W MAGNOLIA Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Subdivision
DAVENPORT
Lot features
Corner Lot, Paved
Directions
From I-4 West, Take Exit 55 for US-27 South. Continue on US-27 S. Turn left onto CR 547 / Lee Jackson Hwy toward Davenport. Continue to US-17/92 (Hinson Ave). Turn right on US-17/92, then turn left onto Magnolia St W. Property is on the left.
Standard status
Active
APN
27-27-03-717500-021040
Size
3,670 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DAVENPORT PB 3 PG 58 & 59 BLK 21 LOTS 4 - 6, DAVENPORT PB 3 PG 58 & 59 BLK 21 LOTS 7 & 8 E OF HWY and DAVENPORT PB 3 PG 58 & 59 BLK 21 LOTS 7 & 8 E OF HWY.
Tax Annual Amount
3078
Legal Description
DAVENPORT PB 3 PG 58 & 59 BLK 21 LOTS 4 - 6, DAVENPORT PB 3 PG 58 & 59 BLK 21 LOTS 7 & 8 E OF HWY and DAVENPORT PB 3 PG 58 & 59 BLK 21 LOTS 7 & 8 E OF HWY.
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Amenities
office
restroom
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete
Building materials
Metal Frame, Metal Siding
Roof type
Metal
Listing Agency:
LOVELAND PROPERTIES
Listed By:
Cleve Loveland · License #602469
(407) 352-8118
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 11 at 4:06AM
MLS# O6440465
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,670-square-foot automotive facility includes five oversized service bays, large bay doors designed for larger vehicles, an office, and a restroom. The building has a metal frame, metal siding, concrete flooring, a metal roof, ductless heating, and wall/window cooling. Construction dates to 1980.
The property encompasses 0.62 acres and includes the lot adjoining the building, providing additional outdoor area. The site is fenced and has electricity available with a septic tank. Located at 11 W MAGNOLIA Street in Davenport, Florida, the property carries C-1 zoning; buyers should independently confirm permitted uses, measurements, and other property details.
The property encompasses 0.62 acres and includes the lot adjoining the building, providing additional outdoor area. The site is fenced and has electricity available with a septic tank. Located at 11 W MAGNOLIA Street in Davenport, Florida, the property carries C-1 zoning; buyers should independently confirm permitted uses, measurements, and other property details.
Key Highlights
- 3,670 square feet of automotive facility space
- Five oversized service bays with large bay doors
- 0.62‑acre property includes adjoining lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,214
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,280
$824.3K
Cap Rate 7%
$588,771
$588.8K
Cap Rate 9%
$457,933
$457.9K
Market Conditions
NOI Build-Up for 3,670 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.9K $17.40/SF
− Vacancy
−$5.0K −$1.36/SF
EGI
$58.9K $16.04/SF
− OpEx
−$17.7K −$4.81/SF
NOI
$41.2K $11.23/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,280
Cap Rate 7%
$588,771
Cap Rate 9%
$457,933
Alternative Uses
Best Use
Retail
$588.8K
$515.2K – $686.9K
NOI $41,214 @ 7.0% cap · market cap 3.17%
Second Best
Industrial
$250.1K
$218.9K – $291.8K
NOI $17,508 @ 7.0% cap · market cap 1.35%
Theoretical Best
Office A
$881.9K
$771.7K – $1.03M
NOI $61,735 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Fenced automotive facility with oversized service bays, office space, and an adjoining lot for additional yard area.
Where is this auto shop located?
The property is located at 11 W MAGNOLIA Street Davenport, FL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 3,670 square feet of automotive facility space; Five oversized service bays with large bay doors; 0.62‑acre property includes adjoining lot
