718-722 W DR MARTIN LUTHER KING JR Blvd Tampa, FL 33603
Centrally located office/retail strip center in the heart of Tampa.
Property Features for 718-722 W DR MARTIN LUTHER KING JR Blvd
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.71 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing office HUNTER REALTY & INVESTMENT LLC (813) 728-7771
Listing date Mar 10, 2026
Source Elliman
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 HUNTER REALTY & INVESTMENT LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Prime central Tampa location near St. Joseph's Medical & Legal District and downtown
- Desirable location in the heart of four highly sought‑after areas: St. Joseph's Medical & Legal District, S. Seminole Heights, N. Riverside Heights, and Tampa Heights
- Proximity to St. Joseph's Hospital
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 | $211.2k | $26.40 |
| − Vacancy | −$16.9k | −$2.11 |
| EGI | $194.3k | $24.29 |
| − OpEx | −$77.7k | −$9.72 |
| NOI | $116.6k | $14.57 |
