1640 DR MARTIN LUTHER KING JR STREET S #J, St Petersburg, FL 33701
Office space on a highly trafficked street with parking.
- Added:
- Mar 13, 2026
- Days on Market:
- 107
- Last Refresh:
- Mar 16 at 11:04 am
Property Features for 1640 DR MARTIN LUTHER KING JR STREET S #J
General Information
- Standard status
- Active
- Size
- 1,901 SF
- Lot size
- 0.29 Acres
Building Details
- Year Built
- 1995
Listing office LOKATION (954) 545-5583
Listing date Mar 13, 2026
Source Corcoran
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 LOKATION
HighLights
- Corner lot location on highly trafficked MLK street.
- Redevelopment potential.
- Property located within the CRA zoning district.
- On‑site parking lot.
- Wheelchair accessible.
- Seller financing options available.
Overview
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 | $49.5k | $26.04 |
| − Vacancy | −$10.1k | −$5.34 |
| EGI | $39.4k | $20.70 |
| − OpEx | −$9.8k | −$5.18 |
| NOI | $29.5k | $15.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6463263
- Latitude
- 27.7539083
