Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Ready for Development Title is generated by Realmo AI

    US-27, Davenport, FL 33897

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime land in growing Polk County, Florida, build to suit.

    Type:Industrial
    Added:
    Aug 28, 2024
    Days on Market:
    644
    Last Refresh:
    May 12 at 9:35 pm

    Property Features for US-27

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Spaces For Lease

    at US-27 Contact us

    We can help!

    Listing Contact
    Gabriella Gissy

    Listing agent Gabriella Gissy License #SL3550321

    Listing office CBRE - Orlando

    Listing date Aug 28, 2024

    Source Crexi

    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 CBRE - Orlando

    HighLights

    • Build to Suit opportunity in rapidly growing Polk County, Florida.
    • High population growth rate (2.72% annually since 2020).
    • Strong household growth rate (2.58% annually since 2020).
    • High employment rate (96.2%).
    • Majority owner‑occupied housing (61.7%).
    • County growth outpaces national averages.

    Overview

    This property presents a build-to-suit opportunity in Polk County, Florida, an area experiencing significant growth. The county's population is expected to reach 812,640 in 2024, reflecting an annual growth rate of 2.72% since 2020, with a projected annual growth of 1.93% over the next five years. Household growth is also notable, with an annual increase of 2.58% since 2020 and a projected annual growth of 1.84% over the next five years. The median household income is approximately $63,515, while the per capita income is around $31,188. The labor force shows a strong employment rate of 96.2%. The housing sector is thriving, with 61.7% of housing units being owner-occupied, predominantly single-unit detached homes. The county's growth surpasses national averages in multiple sectors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.6577133
    Latitude
    28.2536448

    Nearby Similar for Lease

    • $32 SF/Yr
      1,372 SF

      Turnkey Medical Office Space

      Professional medical office space in Davenport, Florida, ready for occupancy.
      2320 NORTH BOULEVARD W, DAVENPORT, FL 33837
      View Details
    • $1,200/Mo
      325 SF

      Davenport Office Space For Rent

      Office space with utilities and internet included in rent.
      1540 SULLIVAN ROAD, DAVENPORT, FL 33896
      View Details
    • $38 SF/Yr
      28,952 SF

      Highway Frontage Office Sub-Lease

      1200 SF Davenport office sub-lease with highway frontage.
      42601 HIGHWAY 27, DAVENPORT, FL 33837
      View Details
    • $43,200 SF/Yr
      1,200 SF

      Highway 27 Commercial Sub-Lease Unit

      1200 SF commercial sub-lease unit with highway frontage.
      42601 HIGHWAY 27, Davenport, FL 33837
      View Details
    • $6 SF/Yr

      Expansive Industrial Facility in Davenport

      Large industrial warehouse in Polk County with highway access.
      315 US Hwy 17 92, Davenport, FL 33837
      View Details
    • $45,600 SF/Yr
      28,952 SF

      Davenport Retail Space For Rent

      Retail space available for lease in Davenport, Florida.
      42601 HIGHWAY 27, DAVENPORT, FL 33837
      View Details
    • $35 SF/Yr
      1,400 SF

      New Retail Space in Davenport

      Retail space for lease in a high-traffic Davenport location.
      6035-6067 Us Hwy 17 92 N, Davenport, FL
      View Details
    • $35 SF/Yr
      1,400 SF

      Retail Space Near Golf Community

      Retail space available near Providence Golf & Country Club.
      6075-6107 US Hwy 17 92 N, Davenport, FL
      View Details
    • Contact for pricing

      Davenport Office Space For Rent

      Modern office spaces in a convenient Davenport, FL location.
      2370 North Blvd W Ste C, Davenport, FL 33837
      View Details
    • Contact for pricing

      Medical Office in Park Place

      Medical office space in a rapidly growing Central Florida submarket.
      109 Park Pl Blvd, Davenport, FL 33837
      View Details
    • Contact for pricing
      5,500 SF

      Medical Office in Park Place

      Medical office space in a growing Central Florida submarket.
      109 Park Place Boulevard, Davenport, FL 33837
      View Details
    • Contact for pricing
      52,000 SF

      Logistics Space Available For Rent

      229,105 SF of logistics space, delivering in Q4 2026.
      450 Deen Still Rd, Davenport, FL, 33897
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime land in growing Polk County, Florida, build to suit.
    Where is this commercial land located?
    The property is located at US-27 Davenport, FL.
    What are key features of this property?
    This property features: Build to Suit opportunity in rapidly growing Polk County, Florida.; High population growth rate (2.72% annually since 2020).; Strong household growth rate (2.58% annually since 2020).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gabriella Gissy
    Real Estate License ID: SL3550321
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    US-27, Davenport, FL 33897
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!