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Property profile

410 Lionel Way Davenport, FL 33837

OFF-MARKET
Medical Office Space
Property ID
US18-6341098
View Sample
49,136 SF 3.28 ac lot Built 2011
Entity Owned 5-yr Hold ~ Est. High Equity

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

Current use

Occupant on record · Public records
  • Hospital
  • Hospital
  • Physician Medical Clinic
  • Pediatrician Physician
  • 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
$12.77M

Owner & transaction history

since 2021
Last sale
$10.0M
2 recorded transactions
2021
$10.0M
2021
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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