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    410 Lionel Way Davenport, FL 33837-7809

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    410 Lionel Way Davenport, FL 33837-7809


    • Medical Office Space
    • 49,136 SF
    • 3.28 lot acres
    Off-Market
    Last Sale Mar 19, 2021
    $10,000,000
    Property ID
    US18-6341098
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $10,740,000
    Show details
    Cap Rate Potential
    4.8%
    Medical Office Space
    Location Intelligence

    Current Use by 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

    Property Details for 410 Lionel Way

    Year built
    2011
    Lot size
    3.28 lot acres
    Property size
    49,136 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    272631709002000112
    APU
    272631709002000112

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $12,770,000
      ML approach
      $11,435,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $10,290,000
      6.5%
      $9,500,000
      7%
      $8,820,000
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $15,200,000
      Current use
      COMMERCIAL (GENERAL)
      $13,920,000
      Change: -8% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.6418
    Latitude
    28.1787
    CBSA code
    29460
    CBSA name
    LAKELAND, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $179,195
    $414,717
    $8,224,579
    $8,639,296
    -
    $414,717
    $8,224,579
    $8,639,296
    More about this property
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