45730 Us Hwy 27th N Davenport, FL 33897
Property profile & analytics
45730 Us Hwy 27th N Davenport, FL 33897
- Commercial land
- 1.07 lot acres
Property ID
US18-0736084
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.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 45730 Us Hwy 27th N
- Lot size
- 1.07 lot acres
- Property type
- Commercial land
- APN
- 262601488301000090
- APU
- 262601488301000090
Description
This exceptional investment opportunity presents a brand-new, 4,000 square foot Sherwin-Williams storefront in Davenport, Florida. Located on US Highway 27, this property boasts a 10-year net lease (commencing October 1, 2024, and expiring September 30, 2034) with a corporate guarantee from Sherwin-Williams, a globally recognized brand. The lease includes six, five-year options with an 8% rent increase at each option. The property sits on a 0.82-acre lot and includes 26 parking spaces. Built in 2024, this single-story building is situated in a high-growth area with over 6,500 housing units nearby and benefits from high traffic counts on US Highway 27 and Ronald Reagan Parkway, with proximity to I-4. The property's strong location within a thriving retail corridor, coupled with the exceptional tenant and lease terms, makes this a compelling investment opportunity with a current Net Operating Income (NOI) of $147,000 and a 5.75% cap rate. The asking price is $2,556,500, representing a price per square foot of $639.12. The property is zoned RACX (Regional Activity Center) and offers a fee-simple ownership structure. The area's population and household growth are projected to exceed 4% annually for the next five years, further enhancing the long-term value of this investment. The average household income within one mile exceeds $112,000. This is a 100% occupied property with an occupancy date of October 1, 2024.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $815,000
- ML approach
- $895,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Polk
- State
- Florida
- Longitude
- -81.6601
- Latitude
- 28.2578
- 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
$6,863
$523,159
$0.00
$523,159
-
$523,159
$0.00
$523,159
