Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Highlands Reserve Blvd Davenport, FL 33897

    • Retail space
    • 2,499 SF
    • 9.03 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    5.8%
    Retail space
    Location Intelligence
    Property ID
    US18-7588487
    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

    • Highlands Reserve Golf Club / Golf Driving Range / Snack Bar
    • Swimming Pool / Swimming Pool

    Property Details for Highlands Reserve Blvd

    Year built
    1998
    Lot size
    9.03 lot acres
    Property size
    2,499 SF
    Property type
    Retail space
    APN
    262524000000033010
    APU
    262524000000033010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $485,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $470,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $655,000
      Market price range: $189k - $656k
      AI Estimate
      $328,000
      Market price range: $111k - $328k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $390,000
      Current use
      MEDICAL BUILDING
      $775,000
      Change: +99% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $710,000
      Change: +82% Conversion: Easy
      OFFICE BUILDING
      $615,000
      Change: +59% Conversion: Easy
      AUTO REPAIR, GARAGE
      $610,000
      Change: +57% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $460,000
      Change: +18% Conversion: Moderate
      WAREHOUSE, STORAGE
      $310,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Polk
    State
    Florida
    Longitude
    -81.6723
    Latitude
    28.3024
    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
    $25,944
    $1,624,575
    $281,164
    $1,905,739
    -
    $1,624,575
    $281,164
    $1,905,739

    Comparable in this City

    • Value Estimation
      $4,190,000
      9,504 SF

      49571 Hwy 27

      RETAIL STORES (PERSONAL SERVICES) • 9,504 SF
      49571 Hwy 27, Davenport, FL 33897-9507
      View Details
    • Value Estimation
      $1,050,000
      10,340 SF

      49493 Hwy 27

      RETAIL STORES (PERSONAL SERVICES) • 10,340 SF
      49493 Hwy 27, Davenport, FL 33897-7518
      View Details
    • Value Estimation
      $3,440,000
      3,311 SF

      49503 Hwy 27

      RETAIL STORES (PERSONAL SERVICES) • 3,311 SF
      49503 Hwy 27, Davenport, FL 33897-9507
      View Details
    • Value Estimation
      $555,000
      12,690 SF

      Jacks Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,690 SF
      Jacks Rd, Davenport, FL 33897
      View Details
    • Value Estimation
      $530,000
      9,484 SF

      49599 Hwy 27

      CONVENIENCE STORE • 9,484 SF
      49599 Hwy 27, Davenport, FL 33897-9507
      View Details
    • Value Estimation
      $275,000
      3,468 SF

      44039 Hwy 27

      CONVENIENCE STORE • 3,468 SF
      44039 Hwy 27, Davenport, FL 33897-8801
      View Details

    Similar Nearby for Sale

    • $7,668,000
      13,802 SF

      CVS Pharmacy Investment Opportunity

      Florida Retail Property - Net Lease
      49581 Us Highway 27, Davenport, FL 33897
      View Details
    • $299,000
      1,400 SF

      Restaurant in Bella Plaza, Davenport

      Restaurant in Bella Plaza near highways 192 and 27.
      103 Ambersweet Way, Davenport, FL 33897
      View Details
    • Contact for pricing
      18,000 SF

      Aston Pointe Medical Office

      18,000 SF Medical Office Building, Davenport, FL
      0 Island Breeze St, Davenport, FL 33897
      View Details
    • $1,350,000
      180,000 SF

      Davenport Land Parcels For Sale

      Prime investment opportunity in the desirable Davenport market at Aston Pointe.
      1000 Western Breeze Cir, Davenport, FL 33897
      View Details
    • $299,000
      1,400 SF

      Davenport Restaurant Business For Sale

      Restaurant business for sale in a prime Davenport location.
      103 Ambersweet Way, Davenport, FL 33897
      View Details
    • $205,000

      Furnished Condo in Bahama Bay Resort

      Renovated 3-bedroom condo with water view in gated resort.
      1110 New Providence Promenade 1110, Davenport, FL 33897
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      105,000 SF

      Champions Drive Retail Opportunity

      Prime retail space near Champions Crossing and Publix.
      1180 Champions Dr, Davenport, FL 33897
      View Details
    • Contact for pricing
      180,000 SF

      Retail/Restaurant Parcels For Lease

      Retail, restaurant, and automotive parcels available for ground lease.
      1000 Western Breeze Cir, Davenport, FL 33897
      View Details
    • $35 SF/Yr
      7,500 SF

      Berry Plaza: Class A Office Space

      7,500 SF Office Building, Davenport, FL
      2508 Jacks Rd, Davenport, FL 33897
      View Details
    • Contact for pricing
      5,647 SF

      Retail Space in Davenport Center

      Retail space available in shopping center anchored by Publix.
      2520 Sand Mine Rd, Davenport, FL 33897
      View Details
    • Contact for pricing

      Publix Anchored Retail Space

      Retail spaces available in high-growth Davenport, Florida.
      2424 Sand Mine Rd, Davenport, FL 33897
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Davenport Center

      Retail space available in shopping center anchored by Publix.
      2402-2440 Sand Mine Rd, Davenport, FL 33897
      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.
    Highlands Reserve Blvd
    Davenport, FL 33897
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.