Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    43824 Hwy 27us Davenport, FL 33837-6808
    Back to Search
    Property profile & analytics

    43824 Hwy 27us, Davenport, FL 33837-6808

    View on Map
    • Motels
    • 18,138 SF
    • 5.31 lot acres
    Off-Market
    Last Sale Dec 21, 2023
    Property ID
    US18-1275299
    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
    $2,510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 43824 Hwy 27us

    Year built
    1972
    Lot size
    5.31 lot acres
    Property type
    Motels
    APN
    272607701250034002
    APU
    272607701250034002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2023 — Outdoor Media INC Ksg Hospitality Group INC Lease —
    Jan 20, 2023 $5,800,000 Aman Hospitality LLC Ppm Hotels LLC Warranty Deed $3.8M · Westridge Lending Reit LLC
    Nov 27, 2019 — Ppm Hotels LLC — Deed · related $150k · Millennium Bk
    Apr 29, 2019 — Ppm Hotels LLC — Deed · related $3.4M · Millennium Bk
    Jan 16, 2019 $4,050,000 Ppm Hotels LLC Sep Real Estate LLC Grant Deed $689k · Millennium Bk
    Apr 16, 2015 $2,950,000 Sep Real Estate LLC Ksg Hospitality Group INC Warranty Deed $2.8M · Stearns Bk
    Mar 30, 2012 $2,129,000 Ksb Hospitality Group INC Grabow Properties LLC Grant Deed $165k · Mortgage Inv Trust 2012-43824
    Jul 7, 2005 $4,800,000 Grabow Properties LLC Maverick Estates INC Grant Deed $2.5M · California Bank & Trust
    Aug 17, 2000 $4,150,000 Maverick Estates INC Ambaji INC Grant Deed $2.7M · Fidelity Bank Florida
    — — Ppm Hotels LLC — Loan Modification, Consolidation And Extension · related $3.4M · Millennium Bk
    — — Ppm Hotels LLC — Deed Of Trust · related $150k · Millennium Bk
    — — Grabow Properties LLC — Deed Of Trust · related $100k · Genevieve Miller
    — — Ksg Hospitality Group INC — Deed Of Trust · related $1.5M · Mortgage Inv Trust 2012-43824
    — — Maverick Estates INC — Deed Of Trust · related $51k · Us Small Business Admn
    — — Grabow Properties LLC — Deed Of Trust · related $100k · Genevieve Miller

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,034,000
      Market price range: $1.86M - $6.40M
      AI Estimate
      $2,982,000
      Market price range: $2.98M - $4.14M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $4,105,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $3,325,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.6506
    Latitude
    28.2308
    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
    $56,994
    $0.00
    $0.00
    $2,710,275
    -
    $0.00
    $0.00
    $2,710,275

    Comparable in this City

    • Value Estimation
      $4,820,000
      27,427 SF

      2425 Frontage Rd

      MOTEL
      2425 Frontage Rd, Davenport, FL 33837-9193
      View Details
    • Value Estimation by Request
      1,404 SF

      1212 Us Hwy 17th 92nd S

      MOTEL
      1212 Us Hwy 17th 92nd S, Davenport, FL 33837
      View Details
    • Value Estimation
      $605,000
      5,882 SF

      40990 Hwy 27

      MOTEL
      40990 Hwy 27, Davenport, FL 33837-7893
      View Details
    • Value Estimation
      $1,395,000
      13,362 SF

      42389 Hwy 27

      MOTEL
      42389 Hwy 27, Davenport, FL 33837-6806
      View Details
    • Value Estimation by Request
      6,542 SF

      1758 Oak Blossom Dr

      Multifamily properties
      1758 Oak Blossom Dr, Davenport, FL 33837
      View Details
    • Value Estimation by Request
      6,542 SF

      1743 Oak Blossom Dr

      Mixed-use properties
      1743 Oak Blossom Dr, Davenport, FL 33837
      View Details

    Similar Nearby for Sale

    • $159,000
      0.08 Acres

      RV & Golf Community Lot

      Landscaped lot with aluminum port in active RV & Golf Community.
      2504 St George Dr, Davenport, FL 33837
      View Details
    • $79,900

      Davenport Vacant Land in 55+ Community

      Landscaped lot in Deer Creek RV and Golf Resort.
      1055 Deer Creek Blvd, Davenport, FL 33837
      View Details
    • Contact for pricing

      Premier RV Lot in Gated Oasis

      Resort-style 55+ community with RV lot or building opportunity.
      2457 St George Dr, Davenport, FL 33837
      View Details
    • Contact for pricing

      RV Lot in Resort Community

      Premier RV lot in 55+ resort-style golf community.
      2720 St George Dr, Davenport, FL 33837
      View Details
    • Contact for pricing

      Premier RV Lot in Davenport

      Resort-style 55+ gated community with golf and amenities.
      2738 St George Dr, Davenport, FL 33837
      View Details
    • Contact for pricing

      Premier RV Lot in Resort

      55+ RV resort living with golf and many amenities.
      2631 St George Dr, Davenport, FL 33837
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      435,600 SF

      Davenport Commercial Land - 10 Acres

      Prime Polk County commercial acreage.
      40990 Us Highway 27, Davenport, FL 33837
      View Details
    • Contact for pricing

      Medical Office in Park Place

      Medical office space in a rapidly growing Central Florida submarket.
      109 Park Place Blvd, Davenport, FL 33837
      View Details
    • Contact for pricing

      Regional Power Center Near Orlando

      598,427 SF retail center with frontage on I-4 and US-27.
      Posner Blvd, Davenport, FL 33837
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Up to 4.2 acres available in ascending market.
      4126 Us Highway 17 92 N, Davenport, FL 33837
      View Details
    • $38 SF/Yr
      28,952 SF

      Highway Frontage Office Sub-Lease

      1200 SF Davenport office sub-lease with highway frontage.
      42601 Highway 27, Davenport, FL 33837
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    43824 Hwy 27us
    Davenport, FL 33837-6808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    43824 Hwy 27us, Davenport, FL, 33837
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!