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    Property profile & analytics
    OFF-MARKET Estimated value $10,740,000
    Medical Office Space

    410 Lionel Way, Davenport, FL 33837-7809

    49,136 SF 3.28 ac lot Built 2011
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US18-6341098
    Property summary
    AI-generated overview

    This exceptional 8.01-acre site in Davenport, Florida, presents a prime multifamily development opportunity. Located at 410 Lionel Way, Polk County (APN 27-26-31-70-9002-000-111), this property boasts convenient access to I-4, providing easy commutes to Orlando's major attractions and employers, including Disney World, Universal Studios, and SeaWorld. The site is currently approved for a 240-unit multifamily development, with potential expansion to 285 units utilizing an additional 1.5 acres. Furthermore, up to 15,400 square feet of professional office space is permissible. Situated in a rapidly growing area of northeast Polk County, the property is within walking distance of AdventHealth, a 200-bed hospital with expansion plans, and surrounded by thriving commercial and residential developments. Davenport's population has more than tripled since 2010, reflecting the area's robust growth trajectory. This location offers unparalleled access to major roadways, employment centers, and recreational amenities, making it an ideal investment for high-density residential development. The property's strategic location and development approvals make it a compelling investment opportunity in a high-growth market. The zip code is 33837.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2011
    Total area 49,136 SF
    Lot 3.28 ac (143,007 SF)
    APN 272631709002000112
    UPID US18-6341098
    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
    • HOF Surgery Center Hospital
    • AdventHealth Medical Group General Surgery at Davenport Hospital
    • Tutu Cheng, MD Physician Medical Clinic
    • Amber Shepard, MD Pediatrician Physician
    • Donald H. Youmans, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $11.44M
    CAP Approach CAP
    $9.50M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $10.74M
    Owner & transaction history
    Flagship Lionel Davenport LLC · 5 yrs held
    Flagship Lionel Davenport LLC
    since 2021
    Last sale
    $10.0M
    2 recorded transactions
    2021
    $10.0M
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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