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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Medical Office Space
2502 Sand Mine Rd, Davenport, FL 33897-3402
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US19-0293220
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
19,163 SF
Lot
0.49 ac (21,144 SF)
APN
262513999963000110
UPID
US19-0293220
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
-
Rebecca Tung Physician Medical Clinic
-
Dr. K Foster Physician Medical Clinic
-
Stephan Thornton Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
New Market-berry LLC · 6 yrs held
New Market-berry LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$4,015,000
6.5%
$3,705,000
7%
$3,440,000
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10%
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
$157 / 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
$38,453
Tax year 2023
Assessed value
$2,583,435
Assessed 2023
Previous assessed
$2,429,618
+6.3% YoY
Effective rate
1.49%
On assessed value
Assessed land
$195,619
Assessed improvement
$2,387,816
Land market value
$195,619
Improvement market value
$2,387,816
Total market value
$2,583,435
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Stories
2
Units
1
Total area
19,163 SF
Lot
0.49 ac (21,144 SF)
APN
262513999963000110
UPID
US19-0293220
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
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
2
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
New Market-berry LLC
Entity
Mailing address
3284 NORTHSIDE PKWY NW STE #515, ATLANTA, GA 30327-2286
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2019
$18,500,000
New Market-berry LLC
Berry Station LLC
Trustees Deed
related
$12,025,000 · Miscellaneous Ins Co
May 11, 2018
—
Berry Station LLC
—
Loan Modification
related
$200,000,000 · Wells Fargo Bk
Sep 23, 2015
$13,100,000
Berry Station LLC
Slate Berry Town Holdings LLC
Grant Deed
related
—
Mar 4, 2014
$13,546,000
Slate Berry Town Holdings LLC
2432 Sand Mine Road Holdings L
Grant Deed
related
—
Jul 7, 2011
—
Sand Mine Road Holdings L 2432
Berry Town Plaza LLC Coc
Trustees Deed
related
—
Feb 23, 2007
$13,252,000
Berry Town Plaza LLC
Berry Jack M SR Trust
Grant Deed
related
—
—
—
Berry Station LLC
—
Deed Of Trust
related
$200,000,000 · Wells Fargo Bk
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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