Financial
Distress signals
Property profile

1640 Dr Martin Luther King Jr St S J St Petersburg, FL 33701

FOR SALE
Office buildings
Property ID
US18-5080440
1,901 SF 0.29 ac lot Built 1995
Last sale Sep 2023 · $525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a corner lot office building located on a highly trafficked street, with dedicated on-site parking and wheelchair accessibility. It is situated within the CRA zoning district, and the site has redevelopment potential consistent with its highest and best use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$240k
Effective rate1.79%

Value estimate

· Sep 2026
$670k
$603k – $737k
CAP approach$485k
Sales comparison$714k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$10k
Operating expenses−$10k
NOI · 6.56% cap applied$30k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$667/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$375 – $1,167
Qualifying comparables6

Cap rate analysis

How does the asset earn?
6.56%
$30k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPINELLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office26.4
Law Firm20.0
Building Supply15.0

Location

1640 Dr Martin Luther King Jr St S, Unit J St Petersburg, FL 33701
County assessor Recorded deeds · 6 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
856 2nd N, Saint Petersburg, FL 33701-3106 $1,400,000 Jul 2024 2,346 SF
323 2nd N, Saint Petersburg, FL 33701-2903 $1,060,000 Apr 2022 1,859 SF
840 Bch NE, Saint Petersburg, FL 33701-2012 $450,000 Jul 2021 1,630 SF
436 2nd N, Saint Petersburg, FL 33701-3012 $815,000 May 2021 2,080 SF
700 7th N, Saint Petersburg, FL 33701-2230 $430,000 Mar 2021 2,528 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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