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Property profile & analytics
OFF-MARKET
Estimated value
$47,585,000
Outlet malls
2318 Waverly Barn Rd Ste 100 Davenport, FL 33897-8608
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-4047605
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Total area
406,208 SF
Lot
59.48 ac (2,590,818 SF)
APN
262601999965000050
UPID
US18-4047605
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.76M
Blend (final)
Blend
$47.59M
Owner & transaction history
Davenport Owner IV LLC · 1 yrs held
Davenport Owner IV LLC
since 2024
Last sale
$51.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$74.4M
+18.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$63,115,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$74,445,000
Change: +18% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$62,815,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$47.59M
Range $42.83M – $52.34M · ±10% · vs last sale $51.00M (Aug 7 2024)
Last sale anchor
$51.00M
Aug 7 2024
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
$117 / 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
$386,434
Tax year 2023
Assessed value
$32,876,989
Assessed 2023
Previous assessed
$32,876,989
+0.0% YoY
Effective rate
1.18%
On assessed value
Total market value
$32,876,989
Applied tax rate
90,000.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Units
1
Total area
406,208 SF
Lot
59.48 ac (2,590,818 SF)
APN
262601999965000050
UPID
US18-4047605
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
RETAIL STORES Current
Est. value
$63.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$74.4M
INDUSTRIAL (GENERAL)
Est. value
$62.8M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2007
Heating
NONE
Stories
1
Units
1
Lot
59.48 ac
Current owner
From public records · entity-resolved
Davenport Owner IV LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
$51,000,000
Davenport Owner IV LLC
Prologis Targeted Us Logistics Fund
Special Warranty Deed
—
Jul 2, 2008
—
Amb Palmetto Distribution Cent
—
Deed Of Trust
related
$19,085,700 · Prudential Insurance Co
Nov 14, 2007
—
Amb Palmetto Distribution Cent
Amb Property II
Quit Claim Deed
related
—
Nov 10, 2005
—
Polk County
Amb Property II
Grant Deed
related
—
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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