Professional Office Building with
702 W Dr Martin Luther King Jr Boulevard Plant City, FL 33563
702 W Dr Martin Luther King Jr Boulevard, Plant City, FL, 33563
$445,000
For Sale
$445,000
Office building with flexible workspace, a month-to-month one-bedroom unit, and additional storage converted from an apartment.
Property Size2,666 SF
Price / SF$166.92
Days on Market238
Property Features for 702 W Dr Martin Luther King Jr Boulevard
General Information
- Standard status
- Active
- Size
- 2,666 SF
- Property subtype
- Office
Building Details
- Year Built
- 1919
Listing agency
KELLER WILLIAMS REALTY SMART
(863) 577-1234
Listed by
Tabatha Pugh · License #3376544
Source
Xome
Added: Nov 27, 2025 Updated: Jul 20 at 8:36PM Checked: Jul 22 at 3:50AM
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 KELLER WILLIAMS REALTY SMART
Investment Insights
Based on property information with market context.
Available for sale, this professional office building at 702 W Dr Martin Luther King Jr Boulevard in Plant City offers a flexible interior layout with approximately 2,666 square feet of space for a variety of business uses. The property also includes residential and ancillary components: a one-bedroom apartment that is month-to-month, plus an additional apartment that has been converted to storage.
The building is positioned along a major thoroughfare, providing prominent street frontage and visibility for a professional office setting. Public remarks also note close proximity to downtown, government offices, medical facilities, and key community services.
With a mix of office space and on-site storage, the configuration supports an owner-user or investor approach, with room to tailor the space to individual operational needs. Easy to show—schedule your tour to review the layout and existing improvements.
The building is positioned along a major thoroughfare, providing prominent street frontage and visibility for a professional office setting. Public remarks also note close proximity to downtown, government offices, medical facilities, and key community services.
With a mix of office space and on-site storage, the configuration supports an owner-user or investor approach, with room to tailor the space to individual operational needs. Easy to show—schedule your tour to review the layout and existing improvements.
Key Highlights
- Office building on a corner lot in Plant City CBD at 702 W Dr Martin Luther King Jr Blvd
- Over 2,500 sq ft of interior space with a flexible layout for professional office uses
- Central air cooling and heating system listed as “3”
Local Financial Insights For Healthcare Medical
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 | $44.8k | $16.80 |
| − Vacancy | −$3.8k | −$1.43 |
| EGI | $41.0k | $15.37 |
| − OpEx | −$16.4k | −$6.15 |
| NOI | $24.6k | $9.22 |
2,666 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$351.3K
$307.4K – $409.8K
NOI $24,589 @ 7.0% cap · market cap 5.53%
Second Best
Office B
$257.0K
$224.9K – $299.9K
NOI $17,991 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$772.1K
$675.6K – $900.8K
NOI $54,047 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Focus Magazine
Publishing House
TURFBrands
(Bike/Boat/Book/etc) Store
Premier Windows and Doors
Hardware & Home Improvement
Buck's Professional Painting
Painting
Bulletproof Design
Marketing & Advertising
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with flexible workspace, a month-to-month one-bedroom unit, and additional storage converted from an apartment.
Where is this office building located?
The property is located at 702 W Dr Martin Luther King Jr Boulevard Plant City, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Office building on a corner lot in Plant City CBD at 702 W Dr Martin Luther King Jr Blvd; Over 2,500 sq ft of interior space with a flexible layout for professional office uses; Central air cooling and heating system listed as “3”
