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    Saint Petersburg Office Space Available Title is generated by Realmo AI

    1327 Dr Martin Luther King Jr St S, Saint Petersburg, FL

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    Office space available for rent in Saint Petersburg, Florida.

    Type:OFFICE
    Property size:
    2,804 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $284/SF
    Added:
    Apr 18, 2025
    Days on Market:
    429
    Last Refresh:
    May 20 at 8:33 pm

    Property Features for 1327 Dr Martin Luther King Jr St S

    General Information

    Standard status
    Active
    Size
    2,804 SF
    Lot size
    0.31 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 1327 Dr Martin Luther King Jr St S Contact us

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    Listing Contact
    Harrison Gault

    Listing agent Harrison Gault

    Listing office Commercial Partners Realty

    Listing date Apr 18, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Commercial Partners Realty

    HighLights

    • Office space for rent
    • Located in Saint Petersburg, Florida

    Overview

    This property offers 2,804 square feet of office space for rent. It is located on Dr Martin Luther King Jr St S in Saint Petersburg, Florida.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $73.0k $26.04
    − Vacancy −$15.0k −$5.34
    EGI $58.0k $20.70
    − OpEx −$14.5k −$5.18
    NOI $43.5k $15.53
    2,804 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $621.9K
    $544.2K – $725.6K (±1% cap)
    NOI $43,536 @ 7.0% cap · market cap 5.45%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $729.3K
    $638.2K – $850.9K (±1% cap)
    NOI $51,054 @ 7.0% cap · market cap 6.39%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6469
    Latitude
    27.7573

    FAQs

    What type of property is this?
    Office units - Office space available for rent in Saint Petersburg, Florida.
    Where is this office units located?
    The property is located at 1327 Dr Martin Luther King Jr St S Saint Petersburg, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Office space for rent; Located in Saint Petersburg, Florida
    (727) 677-8070 Call to check price and availability
    More about this property
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