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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
2302 Nn Blvd Wg-2 Davenport, FL 33837-8920
Entity Owned
5-yr Hold
Property ID
US18-4406481
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,840 SF
Lot
0.08 ac (3,541 SF)
APN
272705726002007020
UPID
US18-4406481
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
-
Mid Florida Dermatology Associates: Gutierrez Michael MD Physician Medical Clinic
-
Family Care Medical Clinic
-
Maria Concepcion, MD Pediatrician Physician
-
Marygold Fernandez Pediatrician Physician
-
Christopher Savage Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$555k
Owner & transaction history
Shephard Max Properties LLC · 5 yrs held
Shephard Max Properties LLC
since 2021
Last sale
$520,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$880,000
+25.5%
Commercial (general)
$805,000
+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
$700,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$575,000
7%
$530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$700,000
Current use
MEDICAL BUILDING
$880,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$805,000
Change: +15% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $520k (Jun 29 2021)
Last sale anchor
$520k
Jun 29 2021
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
$195 / 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
$6,416
Tax year 2023
Assessed value
$299,000
Assessed 2023
Previous assessed
$278,000
+7.6% YoY
Effective rate
2.15%
On assessed value
Assessed land
$100
Assessed improvement
$298,900
Land market value
$100
Improvement market value
$298,900
Total market value
$299,000
Applied tax rate
90,420.0000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Total area
2,840 SF
Lot
0.08 ac (3,541 SF)
APN
272705726002007020
UPID
US18-4406481
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$700,000
MEDICAL BUILDING
Est. value
$880,000
COMMERCIAL (GENERAL)
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$690,000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Shephard Max Properties LLC
Entity
Mailing address
7652 ASHLEY PARK CT STE #306, ORLANDO, FL 32835-6199
Ownership since
2021
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 29, 2021
$520,000
Shephard Max Properties LLC
Mid Florida Dermatology Associates
Special Warranty Deed
$520,000 · Truist Bank
Jul 5, 2017
—
Mid-florida Dermatology Associ
—
Deed
related
$790,000 · Branch Bk&tr
Oct 27, 2015
—
Mid-florida Dermatology Assocs
Pointe Jme Haines City II LLC
Grant Deed
related
—
Jun 16, 2005
—
Pointe Jme Haines City II LLC
Gmq Properties LLC
Quit Claim Deed
related
—
—
—
Mid-florida Dermatology Assocs
—
Deed Of Trust
related
$322,400 · Suntrust Bk
—
—
Mid-florida Dermatology Associ
—
Deed Of Trust
related
$790,000 · Branch Bk&tr
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.
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