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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    620 Ronald Reagan Pkwy Davenport, FL 33896-9608

    • Retail space
    • 9,372 SF
    • 1.54 lot acres
    OFF-MARKET
    Last Sale
    Dec 17, 2024
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6192078
    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.

    Current Use by Public Records

    • FedEx OnSite / Mailing Service
    • Amerigas Propane Exchange / Propane Supplier
    • Western Union / Money Transfer Service
    • Dollar General / Candy Store / Convenience Store

    Property Details for 620 Ronald Reagan Pkwy

    Year built
    2011
    Lot size
    1.54 lot acres
    Property size
    9,372 SF
    Property type
    Retail space
    APN
    272612703000003011
    APU
    272612703000003011

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,755,000
      6.5%
      $1,620,000
      7%
      $1,505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $907,000
      Market price range: $415k - $1.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,455,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,720,000
      Change: +18% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,450,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.5663
    Latitude
    28.2422
    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
    $20,864
    $637,431
    $779,090
    $1,416,521
    -
    $637,431
    $779,090
    $1,416,521

    Comparable in this City

    • Value Estimation
      $1,645,000
      11,292 SF

      2015 Aegean Way

      RETAIL STORES (PERSONAL SERVICES) • 11,292 SF
      2015 Aegean Way, Davenport, FL 33896-9728
      View Details
    • Value Estimation
      $11,140,000
      80,819 SF

      7700 Lk Wilson Rd

      RETAIL STORES (PERSONAL SERVICES) • 80,819 SF
      7700 Lk Wilson Rd, Davenport, FL 33896-9601
      View Details
    • Value Estimation
      $1,440,000
      7,699 SF

      6023 Us Hwy 17th 92nd N

      CONVENIENCE STORE • 7,699 SF
      6023 Us Hwy 17th 92nd N, Davenport, FL 33896-9704
      View Details
    • Value Estimation by Request
      2,585 SF

      8321 Champions Gate Blvd

      FINANCIAL BUILDING • 2,585 SF
      8321 Champions Gate Blvd, Champions Gate, FL 33896-8389
      View Details
    • Value Estimation
      $535,000
      3,317 SF

      8201 Champions Gate Blvd

      CONVENIENCE STORE • 3,317 SF
      8201 Champions Gate Blvd, Champions Gate, FL 33896-8387
      View Details
    • Value Estimation
      $1,200,000
      6,127 SF

      8500 Champions Gate Blvd

      CONVENIENCE STORE • 6,127 SF
      8500 Champions Gate Blvd, Champions Gate, FL 33896-8404
      View Details

    Similar Nearby for Sale

    • $4,750,000

      ChampionsGate Car Wash Facility Opportunity

      Car wash facility with cafe and coffee shop in ChampionsGate.
      1581 Berwick Dr, Davenport, FL 33896
      View Details
    • $4,750,000
      5,436 SF

      ChampionsGate Car Wash Opportunity

      Car wash facility with cafe and coffee shop on 0.98 acres.
      1581 Berwick Dr, Davenport, FL 33896
      View Details
    • $2,300,000
      2.00 Acres

      Prime Commercial Land on Orange Blossom

      Two-acre commercial land parcel on Orange Blossom Trail in Davenport, FL.
      6043 S Orange Blossom Trl, Davenport, FL 33896
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    • $9,500,000
      67.85 Acres

      Goodman Rd Development Land

      68 Acres, Prime Osceola County Location
      1145 Goodman Rd, Four Corners, FL 33896
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    • $850,000
      4,820 SF

      Champions Gate Vacation Rental

      Luxury 8BR, Disney-close investment
      1431 Wexford Way, Four Corners, FL 33896
      View Details
    • $6,400,000
      14,297 SF

      1021 Fantasy Dr

      Hotels • 14,297 SF
      1021 Fantasy Dr, Davenport, FL 33896
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,400 SF

      New Retail Space in Davenport

      Retail space for lease in a high-traffic Davenport location.
      6035-6067 Us Highway 17 92 N, Davenport, FL 33896
      View Details
    • $35 SF/Yr
      1,280 SF

      Retail Space Near Reunion Resort

      Retail space for lease near theme parks and golf resort.
      7700 Lake Wilson Rd, Davenport, FL 33896
      View Details
    • $35 SF/Yr
      1,400 SF

      Retail Space Near Golf Community

      Retail space available near Providence Golf & Country Club.
      6075-6107 Us Highway 17 92 N, Davenport, FL 33896
      View Details
    • Contact for pricing

      Land for Lease in Davenport

      Prime commercial land available for lease in Davenport, Florida.
      Davenport, FL 33896
      View Details
    • Contact for pricing

      Land for Lease on Parkway

      Commercial land available for lease with frontage on Ronald Reagan.
      6027 Us Highway 17 92 N, Davenport, FL 33896
      View Details
    • Contact for pricing
      2,512 SF

      Class A Office in ChampionsGate

      44,812± RSF office building near Omni Resort and I-4.
      8390 Champions Gate Blvd, Championsgate, FL 33896
      View Details
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    Davenport, FL 33896-9608
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    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
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