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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
2 Ww N Blvd Davenport, FL 33837-9587
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3053241
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
3,942 SF
Lot
2.34 ac (102,018 SF)
Zoning code
A-1
APN
272704722000020241
UPID
US18-3053241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kottke Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$865k
Owner & transaction history
Reyne Holdings LLC · 1 yrs held
Reyne Holdings LLC
since 2025
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
A-1 · Davenport, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+25.5%
Commercial (general)
$1.1M
+14.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Davenport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davenport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$970,000
Current use
MEDICAL BUILDING
$1,220,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,115,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$960,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $1.00M (Mar 25 2025)
Last sale anchor
$1.00M
Mar 25 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$219 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,873
Tax year 2023
Assessed value
$390,714
Assessed 2023
Previous assessed
$436,780
-10.5% YoY
Effective rate
2.02%
On assessed value
Assessed land
$61,224
Assessed improvement
$329,490
Land market value
$61,224
Improvement market value
$329,490
Total market value
$390,714
Applied tax rate
90,430.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
3,942 SF
Lot
2.34 ac (102,018 SF)
Zoning code
A-1
APN
272704722000020241
UPID
US18-3053241
Jurisdiction
POLK
Zoning & alternative use
A-1 · Davenport, FL
Zoning A-1 · permitted uses
A-1 · Davenport, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Davenport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$960,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Reyne Holdings LLC
Entity
Mailing address
PO BOX 642, DAVENPORT, FL 33836-0642
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
$1,000,000
Reyne Holdings LLC
Fcd Enterprises INC
Warranty Deed
$876,000 · Citizens Bank & Trust
Apr 11, 2002
$160,000
Wayne T Fellows INC
C & R Trust
Grant Deed
$110,000 · Wachovia Bank NA
Jun 5, 2000
$49,900
Benchmark Mechanical INC
Temples,virgina B
Quit Claim Deed
related
—
Apr 7, 2000
$49,000
Virginia B Temples
Benchmark Mechanical INC
Quit Claim Deed
related
—
May 15, 1998
$150,000
Benchmark Mechanical INC
C & R Trust
Grant Deed
$100,000 · Seller
—
—
Wayne T Fellows INC
—
Deed Of Trust
related
$525,000 · Florida Traditions Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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