Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    233 Ronald Reagan Pkwy Davenport, FL 33896

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $949,000

    High-growth Central Florida location with road and lake frontage.

    Lot size:
    1.87 Acres

    Property Features for 233 Ronald Reagan Pkwy

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.87 Acres

    Building Details

    Year built
    1948

    We can help!

    Listing Contact
    Ron Hedden
    Source: Elliman

    Listing Agency: REALTY HUB Listing Agent: Ron Hedden

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Land Opportunity

    This commercial property presents an excellent opportunity in the high-growth Central Florida market. It features over 420 feet of road frontage on Ronald Reagan Parkway and more than 220 feet of lake frontage. The property is located in a high-demand area, offering accessibility and development potential. The Community Activity Center (CAC) district allows for special residential development such as hotels, multi-family housing, and short-term rentals, as well as non-residential uses like offices, department stores, supermarkets, restaurants, and community facilities. Neighboring developments include Publix Super Market at Loughman Crossing, Mater Academy Davenport, Fantasy Island Resort, and Pointe Grand Apartment Homes. The location is minutes from shopping, dining, and attractions such as Walt Disney World Resort, making it suitable for various commercial uses. Its strategic location provides access to Interstate 4 (I-4), State Road 429 (SR 429), and State Road 417 (SR 417), ensuring connectivity to surrounding markets. The 2023 Annual Average Daily Traffic (AADT) was 28,500.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.563881
    Latitude
    28.239928

    Nearby Similar for Sale

    • $277,000
      1,400 SF

      Restaurant in Bella Plaza, Davenport

      Restaurant in Bella Plaza near highways 192 and 27.
      103 Ambersweet Way, Davenport, FL 33897
      View Details
    • $4,750,000
      5,436 SF

      ChampionsGate Car Wash Opportunity

      Car wash facility with cafe and coffee shop on 0.98 acres.
      1581 Berwick Dr, Davenport, FL 33896
      View Details
    • $299,000
      1,400 SF

      Davenport Restaurant Business For Sale

      Restaurant business for sale in a prime Davenport location.
      103 Ambersweet Way, Davenport, FL 33897
      View Details
    • $79,900

      Davenport Vacant Land in 55+ Community

      Landscaped lot in Deer Creek RV and Golf Resort.
      1055 Deer Creek Blvd, Davenport, FL 33837
      View Details
    • $96,000
      0.09 Acres

      Oversized Corner Property in Davenport

      Large corner property in 55+ community with many amenities.
      2138 St George Dr, Davenport, FL 33837
      View Details
    • $92,500
      0.08 Acres

      RV Port Lot in Davenport

      Premium RV port lot in gated 55+ community.
      833 St George Dr, Davenport, FL 33837
      View Details
    • $12,000,000
      5.54 Acres

      Davenport Industrial Warehouse Opportunity

      Expansive industrial facility in Polk County with highway access.
      315 Us Highway 17 92, Davenport, FL 33837
      View Details
    • $110,000
      0.09 Acres

      RV Lot on Golf Course

      Finished RV lot in 55+ community on golf course.
      2954 St George Dr, Davenport, FL 33837
      View Details
    • $84,900

      RV Property in Regal Ridge

      RV property in 55+ community with golf and amenities.
      410 Golfview Dr, Davenport, FL 33837
      View Details
    • $599,000

      Davenport Office Complex For Sale

      Two-building office complex in downtown Davenport, ideal for professional use.
      103 Escambia Ave, Davenport, FL 33837
      View Details
    • $799,000

      Established Logistics Company in Davenport

      Well-established logistics and hauling company specializing in refrigerated goods.
      Davenport, FL 33897
      View Details
    • $159,000
      0.08 Acres

      RV & Golf Community Lot

      Landscaped lot with aluminum port in active RV & Golf Community.
      2504 St George Dr, Davenport, FL 33837
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-growth Central Florida location with road and lake frontage.
    Where is this commercial land located?
    The property is located at 233 Ronald Reagan Pkwy Davenport, FL.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: - Prime location with over 420 feet of frontage on Ronald Reagan Parkway.; - CAC zoning permits diverse development options including hotels, multi-family, short-term rentals, and more.; - Excellent accessibility to I-4, SR 429, and SR 417.
    (407) 622-2122
    Request Owner's contact information
    233 Ronald Reagan Pkwy Davenport, FL 33896
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    233 Ronald Reagan Pkwy
    Davenport, FL 33896
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    233 Ronald Reagan Pkwy Davenport, FL 33896
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ron Hedden
    (407) 622-2122 (407) 301-8833 (407) 900-1001
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!