Add Listing
    For Sale
    • 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

    707 W Dr Martin Luther King Jr Blvd Seffner, FL 33584

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $10,150,000

    69,757 SF shopping center in Seffner, Florida.

    Type:Shopping Strip
    Property size:
    69,757 SF
    Price / SF:
    $145/SF
    Added:
    Apr 3, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 3 at 5:15 am

    Property Features for 707 W Dr Martin Luther King Jr Blvd

    General Information

    Standard status
    Active
    Size
    69,757 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Kirk D. Olson

    Listing agent Kirk D. Olson License #FL: SL3113669

    Listing office Miami Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Miami Office

    Overview

    Seffner Shopping Center For Sale

    The property is a 69,757 square foot shopping center. It is located in Seffner, Florida.
    Location Intelligence

    Current Use by Public Records

    Sliding Glass Door ... General Contractor

    Suggested Use

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

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

    Similar Places Nearby

    • Northgrove Shopping Center — 725 w dr martin luther king jr blvd, seffner, fl 33584
    • mango plaza — 11720 w dr martin luther king jr blvd, seffner, fl 33584
    • Mango Plaza — 11724 E Dr Martin Luther King Jr Blvd, Seffner, FL 33584
    • Parsons Village Square — 730 W Dr Martin Luther King Jr Blvd, Seffner, FL 33584
    • Coin Cloud Bitcoin ATM — 729 W Dr Martin Luther King Jr Blvd, Seffner, FL 33584

    Location Insight

    • Map
    • Local Demand
    City
    Seffner
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.285619
    Latitude
    27.981626

    Nearby Similar for Sale

    • $4,500,000
      3,958 SF

      Profitable Commercial Property on 3.3 Acres

      Commercial property with two renovated office buildings on high-traffic highway.
      11309 E 92 HIGHWAY, SEFFNER, FL 33584
      View Details
    • $450,000
      1,788 SF

      Seffner Mixed-Use Property For Sale

      Mixed-use property in Seffner, Florida, available for sale.
      2007 S PARSONS AVENUE, SEFFNER, FL 33584
      View Details
    • $925,000
      2,787 SF

      Seffner Car Wash on MLK

      Car wash with office and lounge on high-traffic MLK Boulevard.
      11250 E DR MARTIN LUTHER KING JR BOULEVARD, SEFFNER, FL 33584
      View Details
    • $1,050,000
      2,787 SF

      Car Wash on MLK Boulevard

      Car wash with five islands on a high-traffic boulevard.
      11250 E DR MARTIN LUTHER KING JR BOULEVARD, SEFFNER, FL 33584
      View Details
    • $3,599,999
      3,958 SF

      3.3 Acres Commercial Property on Highway

      Commercial property on 3.3 acres with highway frontage.
      11325 E 92 HIGHWAY, SEFFNER, FL 33584
      View Details
    • Contact for pricing
      8,373 SF

      Auto Repair Investment Opportunity

      Value-add auto property with redevelopment potential on high-traffic corridor.
      1826 S Parsons Ave, Seffner, FL
      View Details
    • $5,378,048
      19,097 SF

      Seffner Retail Investment Opportunity

      Single-tenant, net-leased Tractor Supply Company with 9+ years remaining.
      916 W Dr Martin Luther King Jr Blvd, Seffner, FL 33584
      View Details
    • $10,150,000
      69,757 SF

      Seffner Retail Space Available

      Retail property in Seffner, Florida, with substantial square footage.
      707 W Dr Martin Luther King Jr Blvd, Seffner, FL 33584
      View Details

    FAQs

    What type of property is this?
    Shopping center - 69,757 SF shopping center in Seffner, Florida.
    Where is this shopping center located?
    The property is located at 707 W Dr Martin Luther King Jr Blvd Seffner, FL.
    What is the asking price?
    The asking price for this property is $10,150,000.
    What are key features of this property?
    This property features: 69,757 square foot shopping center; Located in Seffner, Florida; North Grove Center
    (786) 522-7064
    We can help!
    Listing Contact
    Kirk D. Olson
    Real Estate License ID: FL: SL3113669
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!