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    Island Breeze St Davenport, FL 33897
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    Island Breeze St, Davenport, FL 33897

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    • Retail properties & Spaces
    • 18,000 SF
    • 6.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Island Breeze St

    Year built
    2023
    Lot size
    6.95 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Aston Pointe, a brand-new 2023 construction, offers 18,000 square feet of medical office space in Davenport, Florida. Located in Polk County, on Island Breeze St, zip code 33897, this property sits on a 6.95-acre lot and is zoned PD. The building is part of a larger development including 400 apartments currently under construction and several outparcels available for various uses. These outparcels offer opportunities for retail, restaurants (including fast-casual and QSRs), car washes, banks, dental and urgent care facilities, auto parts or service centers, and climate-controlled storage. Specific outparcel sizes vary, ranging from 0.77 acres to 2.14 acres, with some parcels suitable for single-pad ground leases and others accommodating multiple tenants. The property's strategic location at the northeast corner of Highway 27 and just south of US 192 in the Four Corners area provides excellent visibility and accessibility. Development entitlements for a 250-room hotel are also available on a separate parcel. This presents a unique opportunity to acquire a modern medical office building within a thriving mixed-use development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.6756
    Latitude
    28.3276

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      2508 Jacks Rd

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      1,460 SF

      4 Cor Blvd

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      4 Cor Blvd, Davenport, FL 33897
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    • Value Estimation by Request
      0.80 Acres

      27 Us Hwy

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    • Value Estimation
      $3,010,000
      19,163 SF

      2502 Sand Mine Rd

      MEDICAL BUILDING
      2502 Sand Mine Rd, Davenport, FL 33897-3402
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    • Value Estimation
      $1,420,000
      8,260 SF

      2500 Berry Blvd

      MEDICAL BUILDING
      2500 Berry Blvd, Davenport, FL 33897-3800
      View Details
    • Value Estimation
      $575,000
      4,404 SF

      1101 Champions Dr

      DENTAL BUILDING
      1101 Champions Dr, Davenport, FL 33897-7467
      View Details

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    Similar Nearby for Lease

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      Prime Davenport Commercial Space Available

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      Retail Space in Davenport Center

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      Retail Space in Davenport Center

      Retail space available in shopping center anchored by Publix.
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      Publix Anchored Retail Space

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      Retail Space on US Highway

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      Retail Space in Davenport Center

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    Island Breeze St
    Davenport, FL 33897
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    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
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    Island Breeze St, Davenport, FL, 33897
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