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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Grocery and convenience stores
404 Us Hwy 17th 92nd N Davenport, FL 33837-7638
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-3074382
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1964
Total area
3,522 SF
Lot
0.3 ac (13,199 SF)
Zoning code
C-1
APN
272703717500005010
UPID
US18-3074382
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
$945k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$745k
Owner & transaction history
Salim Mathew · 4 yrs held
Salim Mathew
since 2021
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
C-1 · Davenport, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+68.8%
Commercial (general)
$1.0M
+54.6%
Office building
$870,000
+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
$895,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Current use
MEDICAL BUILDING
$1,090,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,000,000
Change: +55% · Conversion: Easy
OFFICE BUILDING
$870,000
Change: +35% · Conversion: Moderate
AUTO REPAIR, GARAGE
$855,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$545,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $700k (Sep 30 2021)
Last sale anchor
$700k
Sep 30 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
$212 / 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
$3,622
Tax year 2023
Assessed value
$180,566
Assessed 2023
Previous assessed
$176,588
+2.3% YoY
Effective rate
2.01%
On assessed value
Assessed land
$29,700
Assessed improvement
$150,866
Land market value
$29,700
Improvement market value
$150,866
Total market value
$180,566
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
1
Total area
3,522 SF
Lot
0.3 ac (13,199 SF)
Zoning code
C-1
APN
272703717500005010
UPID
US18-3074382
Jurisdiction
POLK
Zoning & alternative use
C-1 · Davenport, FL
Zoning C-1 · permitted uses
C-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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$645,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$855,000
RETAIL STORES
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1964
Heating
NONE
Stories
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Salim Mathew
Individual
Free & Clear · 4 yrs held
Mailing address
2488 INEZ WAY, ANTIOCH, CA 94531-8556
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
—
Salim Mathew
Salim Mathew
Intrafamily Transfer
related
—
May 7, 2015
$700,000
Salim Mathew
Davenport Food INC
Warranty Deed
—
Jul 23, 2008
$175,000
Davenport Food INC
Mathias Albert C Trust
Grant Deed
—
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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