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Property profile & analytics
FOR SALE
Medical Office Space
405 Lionel Way, Davenport, FL 33837
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-7767149
For Sale
1 / 15
$4,400,000
405 Lionel Way, Davenport, FL 33837
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Total area
9,448 SF
Lot
1.41 ac (61,202 SF)
APN
272631709002000020
UPID
US18-7767149
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
-
Heart and Vascular Institute of Florida Medical Clinic
-
Dr. Zaheed Tai, D.O. - Comprehensive Cardiovascular Specialists Physician
-
Comprehensive Cardiovascular Specialists Medical Clinic
-
Dr. Matthew D'alessandro Physician
-
Dr. Irfan Siddiqui Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$6.10M
Owner & transaction history
Usvi 405 Lionel Way LLC · 4 yrs held
Usvi 405 Lionel Way LLC
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+49.2%
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
$7,280,000
ML approach
$7,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,360,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$6.10M
Range $5.49M – $6.70M · ±10% · vs last sale $5.70M (Dec 30 2021)
Last sale anchor
$5.70M
Dec 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
$645 / 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
$38,502
Tax year 2023
Assessed value
$1,861,573
Assessed 2023
Previous assessed
$1,809,801
+2.9% YoY
Effective rate
2.07%
On assessed value
Assessed land
$443,715
Assessed improvement
$1,417,858
Land market value
$443,715
Improvement market value
$1,417,858
Total market value
$1,861,573
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
2015
Heating
NONE
Stories
1
Units
1
Total area
9,448 SF
Lot
1.41 ac (61,202 SF)
APN
272631709002000020
UPID
US18-7767149
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
RESTAURANT
Est. value
$4.4M
RESTAURANT
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
2015
Heating
NONE
Stories
1
Units
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Usvi 405 Lionel Way LLC
Entity
Mailing address
2 SEAPORT LN, BOSTON, MA 02210-2001
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
$5,700,000
Usvi 405 Lionel Way LLC
Primemed Davenport LLC
Special Warranty Deed
$26,585,000 · Webster Bank NA
Oct 9, 2019
$4,600,000
Primemed Davenport LLC
Empire Realty Davenport LLC
Grant Deed
$3,220,000 · Td Bk NA
Aug 16, 2019
—
Empire Realty Davenport LLC
—
Deed
related
$2,175,000 · Seacoast Nat'l Bk
Jan 2, 2015
$1,450,000
Rims Realty Davenport LLC
Haines City Land Holdings LLC
Grant Deed
$1,087,500 · Regions Bk
Dec 4, 2014
$1,200,000
Haines City Land Holdings LLC
Centerstate Bk Of Fl
Grant Deed
related
$1,200,000 · Fields-realty LLC
Jun 4, 2013
$400
Sthrn Bk First
Civix-sr 70 LLC Coc
Trustees Deed
related
—
—
—
Empire Realty Davenport LLC
—
Deed Of Trust
related
$2,175,000 · 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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