Polk County Warehouse
For Sale
Contact for pricing
315 US Hwy 17 92, Davenport, FL 33837
Expansive industrial facility ideal for distribution, logistics, or manufacturing.
Property Size213,564 SF
Price / SF$56.19
Days on Market190
Property Features for 315 US Hwy 17 92
General Information
Standard status
Active
Size
213,564 SF
Property subtype
Industrial
Zoning
I - Industrial
Building Details
Year Built
1984
Buildings
4
Listing Agency:
LoKation
(954) 545-5583
Listed By:
Tzvi Schwartz · License #3537824
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 2:39PM
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 LoKation
Investment Insights
Based on property information with market context.
This expansive industrial facility, situated in Polk County, is suitable for distribution, logistics, manufacturing, or long-term storage. The warehouse features significant clear height, wide column spacing, and multiple loading options. The property is strategically located with convenient access to major highways and benefits from a strong local labor market. Ample parking and an efficient layout are present. This property is positioned for owner-users or investors seeking growth in a thriving industrial corridor, with exceptional potential for long-term value appreciation in one of Central Florida’s key industrial hubs. The property size is 213564 square feet and is located at 315 US Hwy 17 92, Davenport, FL 33837.
Key Highlights
- Excellent clear height and wide column spacing ideal for various industrial uses.
- Strategically located in Polk County with convenient access to major highways.
- Multiple loading options.
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
$1,018,813
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
8.49%
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%
$20,376,260
$20.4M
Cap Rate 7%
$14,554,471
$14.6M
Cap Rate 9%
$11,320,144
$11.3M
Market Conditions
NOI Build-Up for 213,564 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
$1.59M $7.44/SF
− Vacancy
−$133.5K −$0.62/SF
EGI
$1.46M $6.82/SF
− OpEx
−$436.6K −$2.04/SF
NOI
$1.02M $4.77/SF
Area
Polk County, FL
Vacancy
8.40%
Lease Rate
$7.44 /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%
$20,376,260
Cap Rate 7%
$14,554,471
Cap Rate 9%
$11,320,144
Alternative Uses
Best Use
Warehouse
$20.32M
$17.78M – $23.71M
NOI $1,422,646 @ 7.0% cap · market cap 11.86%
Second Best
Industrial
$14.55M
$12.74M – $16.98M
NOI $1,018,813 @ 7.0% cap · market cap 8.49%
Theoretical Best
Office A
$51.32M
$44.91M – $59.87M
NOI $3,592,488 @ 7.0% cap · market cap 29.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
346
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Expansive industrial facility ideal for distribution, logistics, or manufacturing.
Where is this warehouse located?
The property is located at 315 US Hwy 17 92 Davenport, FL.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Excellent clear height and wide column spacing ideal for various industrial uses.; Strategically located in Polk County with convenient access to major highways.; Multiple loading options.
