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    Old Lake Wilson Rd Davenport, FL 33896

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    Old Lake Wilson Rd Davenport, FL 33896

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    • Retail properties & Spaces
    • 37,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Old Lake Wilson Rd

    Property size
    37,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 37,500 square foot medical office building in Davenport, Florida, offers multiple tenancy options. Situated on an 8.065-acre lot, this two-story building provides flexible space ranging from 9,000 to 37,500 contiguous square feet. Currently, 83,500 square feet are vacant, presenting a significant opportunity for medical practices or related businesses. The property boasts a highly desirable Commercial zoning designation within Polk County. Its strategic location offers unparalleled access to a thriving community, adjacent to a new 712-unit luxury apartment complex (half already occupied), and in close proximity to the Orlando Reunion Hotel & Resort and Champions Gate Club & Resort. The property's convenient location, just a short 15-20 minute drive from major Orlando attractions like Disney World, Animal Kingdom, Hollywood Studios, and SeaWorld, ensures high visibility and accessibility for patients and staff. This is a rare opportunity to establish a prominent presence in a rapidly growing area with strong potential for long-term success. The property's size and zoning make it ideal for a variety of medical uses. This is a must-see for any investor or business seeking a prime location in the heart of Central Florida's booming medical market. The address is 0 Old Lake Wilson Rd, Davenport, FL 33896.

    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
    -81.5712
    Latitude
    28.2525

    Comparable in this City

    • Value Estimation
      $2,740,000
      13,146 SF

      8460 Champions Gate Blvd

      MEDICAL BUILDING • 13,146 SF
      8460 Champions Gate Blvd, Champions Gate, FL 33896-9301
      View Details
    • Value Estimation
      $585,000
      4,322 SF

      6019 Us Hwy 17th 92nd N

      DENTAL BUILDING • 4,322 SF
      6019 Us Hwy 17th 92nd N, Davenport, FL 33896-9704
      View Details
    • Value Estimation by Request
      1.11 Acres

      900 Heritage Pass

      Restaurants • 1.11 Acres
      900 Heritage Pass, Davenport, FL 33896
      View Details
    • Value Estimation by Request
      7,453 SF

      6305 Hwy 17-92

      Automotive properties • 7,453 SF
      6305 Hwy 17-92, Davenport, FL 33896
      View Details
    • Value Estimation by Request
      62,714 SF

      8281-8311 Championsgate Blvd

      Retail properties & Spaces • 62,714 SF
      8281-8311 Championsgate Blvd, Kissimmee, FL 33896
      View Details
    • Value Estimation
      $1,865,000
      11,688 SF

      8011 Osceola Polk Line Rd

      HOSPITAL - PRIVATE • 11,688 SF
      8011 Osceola Polk Line Rd, Davenport, FL 33896-9102
      View Details

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    • $1,995,000
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      2,512 SF

      ChampionsGate Class A Office Space

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      New Retail Space in Davenport

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      1,280 SF

      Retail Space Near Reunion Resort

      Retail space for lease near theme parks and golf resort.
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      Retail Space Near Golf Community

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      Prime Land Near ChampionsGate Resort

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      Osceola Polk Line Rd, Davenport, FL 33896
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    Old Lake Wilson Rd
    Davenport, FL 33896
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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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