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    1501 Dr M.l.k. Jr St St. Petersburg, FL 33704

    For Sale
    $4,375,000
    Property size:
    16,448 SF
    Added:
    Dec 11, 2024
    Days on Market:
    364

    Property Features for 1501 Dr M.l.k. Jr St

    General Information

    Property type
    Hotels
    Square Feet
    16,448 SF

    Building Details

    Year Built/Renovated
    1960/2023
    Buildings
    2
    Stories
    2

    HighLights

    • Highly desirable location in downtown St. Petersburg.
    • 0.6 miles to dining, retail, and nightlife.
    • Concrete block construction, fully renovated in 2022 with new exterior paint.
    • All units are fully furnished with new life‑proof vinyl plank flooring.
    • Short‑term rental license allows for flexible use as apartments, Airbnb, or boutique hotel.
    • Roof permitted in 2019.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    St. Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6465129
    Latitude
    27.7862896

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    FAQs

    Where is this hotel located?
    The property is located at 1501 Dr M.l.k. Jr St St. Petersburg, FL.
    What is the asking price?
    The asking price for this property is $4,375,000.
    What are key features of this property?
    This property features: Highly desirable location in downtown St. Petersburg.; 0.6 miles to dining, retail, and nightlife.; Concrete block construction, fully renovated in 2022 with new exterior paint.
    Request Owner's contact information
    1501 Dr M.l.k. Jr St St. Petersburg, FL 33704
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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
    1501 Dr M.l.k. Jr St St. Petersburg, FL 33704
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