Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1021 Fantasy Dr Davenport, FL 33896
    Back to Search
    Property profile & analytics

    1021 Fantasy Dr, Davenport, FL 33896

    View on Map
    • Hospitality properties
    • 14,297 SF
    For Sale
    $6,400,000
    View Listing →
    1021 Fantasy Dr, Davenport, FL 33896 For Sale
    $6,400,000
    14,297 SF

    1021 Fantasy Dr, Davenport, FL 33896

    Hospitality properties

    1021 Fantasy Dr, Davenport, FL 33896
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 1021 Fantasy Dr

    Property type
    Hospitality properties
    Property subtype
    Hotels

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.5618
    Latitude
    28.239

    Comparable in this City

    • Value Estimation by Request
      238 SF

      Championsgate Blvd

      HOTEL/MOTEL
      Championsgate Blvd, Davenport, FL 33896
      View Details
    • Value Estimation
      $13,895,000
      62,094 SF

      8485 Miracle Dr

      HOTEL/MOTEL
      8485 Miracle Dr, Champions Gate, FL 33896-5515
      View Details
    • Value Estimation by Request
      1,321 SF

      8495 Miracle Dr, Unit 408

      HOTEL/MOTEL
      8495 Miracle Dr, Champions Gate, FL 33896-5580
      View Details
    • Value Estimation by Request
      1,321 SF

      8495 Miracle Dr, Unit 507

      HOTEL/MOTEL
      8495 Miracle Dr, Champions Gate, FL 33896-5581
      View Details
    • Value Estimation by Request
      1,321 SF

      8495 Miracle Dr, Unit 510

      HOTEL/MOTEL
      8495 Miracle Dr, Champions Gate, FL 33896-5581
      View Details
    • Value Estimation by Request
      1,715 SF

      8495 Miracle Dr, Unit 301

      HOTEL/MOTEL
      8495 Miracle Dr, Champions Gate, FL 33896-5579
      View Details

    Similar Nearby for Sale

    • $1,995,000
      2.00 Acres

      Prime Commercial Land Opportunity

      2-acre commercial land with high-demand uses in rapidly evolving corridor.
      6043 S Orange Blossom Trl, Davenport, FL 33896
      View Details
    • Contact for pricing
      14,297 SF

      Hollywood Experience Mansion Opportunity

      Resort-style estate with 20 bedrooms, ideal for short-term rental.
      1021 Fantasy Dr, Davenport, FL 33896
      View Details
    • $1,995,000
      2.00 Acres

      Prime Commercial Land Opportunity

      2-acre commercial land on Orange Blossom Trail, Davenport, FL.
      6043 S Orange Blossom Trl, Davenport, FL 33896
      View Details
    • $6,400,000
      14,297 SF

      1021 Fantasy Dr

      Hotels
      1021 Fantasy Dr, Davenport, FL 33896
      View Details
    • $1,745,000
      1.34 Acres

      Commercial Lot in Growing Area

      1.34 acre commercial lot in Davenport, Florida for sale.
      6020 Us Highway 17 92 N, Davenport, FL 33896
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      325 SF

      Davenport Office Space For Rent

      Office space with utilities and internet included in rent.
      1540 Sullivan Rd, Davenport, FL 33896
      View Details
    • Contact for pricing

      Prime Land Near ChampionsGate Resort

      1.88 AC parcel near Publix, I-4, and ChampionsGate.
      Osceola Polk Line Rd, Davenport, FL 33896
      View Details
    • Contact for pricing
      2,512 SF

      Class A Office in ChampionsGate

      44,812± RSF office building near Omni Resort and I-4.
      8390 Champions Gate Blvd, Championsgate, FL 33896
      View Details
    • Contact for pricing
      1,280 SF

      Retail Space Near Reunion Resort

      Retail space for lease near theme parks and golf resort.
      7700 Lake Wilson Rd, Davenport, FL 33896
      View Details
    • Contact for pricing

      Land for Lease on Parkway

      Commercial land available for lease with frontage on Ronald Reagan.
      6027 Us Highway 17 92 N, Davenport, FL 33896
      View Details
    View Listing
    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.
    1021 Fantasy Dr
    Davenport, FL 33896
    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
    1021 Fantasy Dr, Davenport, FL, 33896
    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!