Medical Office
For Sale
Contact for pricing
2205 North Blvd W, Davenport, FL 33837
PI-zoned medical office space near an acute care hospital and US-27 commercial corridor.
Property Size5,027 SF
Price / SF$377.96
Days on Market188
Property Features for 2205 North Blvd W
General Information
Standard status
Active
Size
5,027 SF
Class
B
Property subtype
Office
Zoning
PI
Building Details
Year Built
2002
Buildings
1
Stories
1
Listing Agency:
Foundry Commercial
Listed By:
Chris DeMartino · License #SL3638006
Source:
Crexi
Added: Apr 10
Changed: Oct 3
Last Checked: Oct 12 at 9:17PM
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 Foundry Commercial
Investment Insights
Based on property information with market context.
This medical office property at 2205 North Blvd W in Davenport comprises 5,027 square feet and was built in 2002. The site carries PI zoning, supporting its identification as a healthcare-oriented commercial asset.
AdventHealth Heart of Florida, a 202-bed acute care hospital supported by over 200 physicians, is approximately 3 miles west on US-27. The highway carries 55,500 to 68,000 vehicles per day within 1.2 to 1.4 miles of the property and serves as a major commercial and retail corridor. The surrounding 3-mile trade area population is projected to grow 18% from 2025 to 2030, while household formation is also projected to increase 18%. A SunRail extension into Polk County remains under study, including a potential Davenport stop.
AdventHealth Heart of Florida, a 202-bed acute care hospital supported by over 200 physicians, is approximately 3 miles west on US-27. The highway carries 55,500 to 68,000 vehicles per day within 1.2 to 1.4 miles of the property and serves as a major commercial and retail corridor. The surrounding 3-mile trade area population is projected to grow 18% from 2025 to 2030, while household formation is also projected to increase 18%. A SunRail extension into Polk County remains under study, including a potential Davenport stop.
Key Highlights
- 5,027‑square‑foot medical office property
- PI zoning
- Built in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,168
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,360
$1.3M
Cap Rate 7%
$902,400
$902.4K
Cap Rate 9%
$701,867
$701.9K
Market Conditions
NOI Build-Up for 5,027 SF
Gross rent
$117.6K $23.40/SF
− Vacancy
−$12.4K −$2.46/SF
EGI
$105.3K $20.94/SF
− OpEx
−$42.1K −$8.38/SF
NOI
$63.2K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,360
Cap Rate 7%
$902,400
Cap Rate 9%
$701,867
Alternative Uses
Best Use
Healthcare Medical
$902.4K
$789.6K – $1.05M
NOI $63,168 @ 7.0% cap · market cap 3.32%
Second Best
Office B
$882.2K
$772.0K – $1.03M
NOI $61,757 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,562 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - PI-zoned medical office space near an acute care hospital and US-27 commercial corridor.
Where is this medical office space located?
The property is located at 2205 North Blvd W Davenport, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,027‑square‑foot medical office property; PI zoning; Built in 2002
