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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Strip malls
40230 Hwy 27 Davenport, FL 33837-7806
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5898828
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Total area
21,361 SF
Lot
2.16 ac (94,046 SF)
APN
272631708500010082
UPID
US18-5898828
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
-
Trisha Khanna, MD, FAAD Physician Medical Clinic
-
Pardy & Rodriguez, P.A. Injury and Accident Attorneys Law Firm
-
Premier Medical Medical Clinic
-
R & R Rapid Response Professional Medical Agency Home Health Care Service Nursing Agency
-
Rosé Beauty Bar Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.28M
Comparable Approach
Comparable
$5.57M
Blend (final)
Blend
$4.26M
Owner & transaction history
Ridgecrest LLC · 5 yrs held
Ridgecrest LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+68.8%
Commercial (general)
$6.1M
+54.6%
Office building
$5.3M
+34.5%
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
$4,470,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,630,000
6.5%
$4,275,000
7%
$3,965,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,915,000
Current use
MEDICAL BUILDING
$6,610,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,050,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$5,265,000
Change: +35% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,200,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$3,320,000
Change: -15% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,305,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10% · vs last sale $3.50M (Feb 19 2021)
Last sale anchor
$3.50M
Feb 19 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
$199 / 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
$60,668
Tax year 2023
Assessed value
$2,915,868
Assessed 2023
Previous assessed
$2,915,868
+0.0% YoY
Effective rate
2.08%
On assessed value
Total market value
$2,915,868
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Units
1
Total area
21,361 SF
Lot
2.16 ac (94,046 SF)
APN
272631708500010082
UPID
US18-5898828
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.1M
OFFICE BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2013
Heating
NONE
Stories
1
Units
1
Lot
2.16 ac
Current owner
From public records · entity-resolved
Ridgecrest LLC
Entity
Mailing address
1723 BARTOW RD, LAKELAND, FL 33801-6553
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
$3,500,000
Ridgecrest LLC
Aleeco Properties LLC
Warranty Deed
$2,400,000 · Midflorida Cu
Apr 30, 2018
—
Aleeco Properties LLC
—
Deed
related
$935,031 · Seacoast Nat'l Bk
May 8, 2017
$587,400
Hh Cr 547 Investors I LLC
Citrus Ents INC
Grant Deed
—
Aug 30, 2012
—
Aleeco Properties LLC
—
Trustees Deed
related
$1,208,729 · Bankfirst
Apr 7, 2006
$45,000
Aleeco Properties LLC
Brungard,gary L
Warranty Deed
—
Jan 18, 2005
$287,500
Aleeco Properties LLC
Brungard,gary L
Warranty Deed
—
—
—
Aleeco Properties LLC
—
Deed Of Trust
related
$1,882,000 · First Commercial Bank Florida
—
—
Aleeco Properties LLC
—
Loan Modification
related
$1,608,729 · Bankfirst
—
—
Aleeco Properties LLC
—
Loan Modification
related
$935,031 · Seacoast Nat'l 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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