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    10101 Dr St. Petersburg, FL 33716

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    For Lease
    Contact for pricing

    Class A Office, Fully Leased, Prime Location

    Lot size:
    88,447 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A executive office building, The Point at Gateway, is located at 10101 Dr Martin Luther King Jr, St. Petersburg, FL 33716, in Pinellas County. The property boasts a total of 88,447 square feet, currently 100% occupied under a single tenancy agreement. Built in 1987 and extensively renovated in 2018, this building offers a modern and efficient workspace. Situated on a 6.195-acre lot, it provides ample parking with a ratio of 4.5 spaces per 1,000 square feet. The building's prime location within the Gateway submarket places it in the heart of one of the Southeast's most dynamic and desirable office locations. This area is a significant economic driver for Pinellas County, exhibiting a remarkably low Class A vacancy rate of only 1.8%, and a robust employment base exceeding 60,000 individuals. The Gateway submarket also commands the second-highest average Class A rents among Tampa's suburban markets, second only to Westshore. This strong market performance is further supported by significant recent multi-family development, with seven new Class A projects totaling 2,141 units constructed in the last four years. This property represents a rare opportunity to acquire a fully leased, high-quality asset in a thriving and highly sought-after location.

    Property Features for 10101 Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    88,447 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1987/2018

    Unit(s) available at that property

    Space
    Available Space
    Size
    88,447 SF

    HighLights

    • Prime location at the Gandy Boulevard and 9th Street Interchange, offering excellent connectivity to Tampa and St. Petersburg.
    • Exceptional access to a growing, high‑quality workforce.
    • Convenient proximity to St. Pete‑Clearwater International Airport (5 minutes) and Tampa International Airport (15 minutes).
    • Draws from a large population base: 2.5 million people within a 45‑minute commute.
    • Situated in Pinellas County's most dynamic commercial corridor with abundant retail amenities.
    • High density of multi‑family housing: over 8,500 units within two miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6537455
    Latitude
    27.8756643

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Fully Leased, Prime Location
    Where is this office property / space located?
    The property is located at 10101 Dr St. Petersburg, FL.
    What are key features of this property?
    This property features: Prime location at the Gandy Boulevard and 9th Street Interchange, offering excellent connectivity to Tampa and St. Petersburg.; Exceptional access to a growing, high-quality workforce.; Convenient proximity to St. Pete-Clearwater International Airport (5 minutes) and Tampa International Airport (15 minutes).
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    10101 Dr St. Petersburg, FL 33716
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    Realmo Value Estimation

    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.

    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.

    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
    10101 Dr St. Petersburg, FL 33716
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