Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1662 Dr Martin Luther King Jr S St Saint Petersburg, FL 33701-5701
    Property profile & analytics

    1662 Dr Martin Luther King Jr S St, Saint Petersburg, FL 33701-5701

    View on Map
    • Assisted living facilities
    • 2,113 SF
    • 0.24 lot acres
    Off-Market
    Last Sale Jan 6, 2023
    $400,000
    Property ID
    US18-4858935
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 1662 Dr Martin Luther King Jr S St

    Year built
    1919
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    30-31-17-00000-320-0200
    APU
    303117000003200200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 21, 2025 — Valdene Euretta Forde Christophers Place Retirement Home Warranty Deed $250k · United Wholesale Mortgage
    Mar 19, 2024 — Valdene Euretta Forde — Deed · related $150k · Dushyant Gulati
    Jan 6, 2023 $400,000 Christophers Place Retirement Home Mitzi Marlene Pugh Warranty Deed $95k · Mitzi Pugh
    Jun 14, 2022 — Mitzi M Pugh Daniel Leon Parks Quit Claim Deed · related —
    Aug 18, 2021 — Mitzi M Pugh Daniel Leon Parks Quit Claim Deed · related —
    Oct 1, 2015 — Daniel L Parks Pugh,mitzi M Grant Deed · related —
    Jun 16, 2014 — Daniel L Parks Pugh,mitzi M Warranty Deed —
    Jan 29, 2009 $250,000 Daniel Parks Mate Management INC Warranty Deed $230k · Marlene Berthelot

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6463
    Latitude
    27.7536
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,254
    $0.00
    $0.00
    $113,500
    -
    $83,163
    $30,337
    $113,500

    Comparable in this City

    • Value Estimation
      $40,010,000
      161,244 SF

      430 Bay NE St

      HOMES (RETIRED, NURSING)
      430 Bay NE St, Saint Petersburg, FL 33701-3053
      View Details
    • Value Estimation
      $2,705,000
      7,020 SF

      900 Shr NE Dr

      HOMES (RETIRED, NURSING)
      900 Shr NE Dr, Saint Petersburg, FL 33701-2047
      View Details
    • Value Estimation by Request
      3,528 SF

      524 Highland N St

      HOMES (RETIRED, NURSING)
      524 Highland N St, Saint Petersburg, FL 33701-2120
      View Details
    • Value Estimation
      $23,210,000
      60,268 SF

      830 Shr NE Dr

      HOMES (RETIRED, NURSING)
      830 Shr NE Dr, Saint Petersburg, FL 33701-2028
      View Details
    • Value Estimation
      $35,370,000
      101,161 SF

      939 Bch NE Dr

      HOMES (RETIRED, NURSING)
      939 Bch NE Dr, Saint Petersburg, FL 33701-2031
      View Details
    • Value Estimation
      $2,660,000
      10,601 SF

      434 4th N St

      HOMES (RETIRED, NURSING)
      434 4th N St, Saint Petersburg, FL 33701-2804
      View Details

    Similar Nearby for Sale

    • $925,000
      Pending

      Historic Uptown Multifamily Investment

      Six-unit multifamily property in St. Petersburg's Historic Uptown neighborhood.
      421 10Th Ave N, St Petersburg, FL 33701
      View Details
    • Contact for pricing
      Pending

      Downtown St. Petersburg Condo

      Updated, furnished 2-bedroom condo with city views and amenities.
      470 3Rd St S, St Petersburg, FL 33701
      View Details
    • $429,000
      Pending

      St. Petersburg Triplex Investment Property

      Triplex in up-and-coming St. Petersburg location with income potential.
      655 Paris Ave S, St Petersburg, FL 33701
      View Details
    • Contact for pricing
      14,552 SF

      Historic Office Building in St. Petersburg

      Historic, character-rich office asset in downtown St. Petersburg, Florida.
      15 8Th St N, St Petersburg, FL 33701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Retail Space with Views

      Prime retail space near downtown St. Pete and Innovation Center.
      1217 4Th St S, St Petersburg, FL 33701
      View Details
    • Contact for pricing
      3,925 SF

      Retail Space in St Petersburg

      Retail space available for lease in St Petersburg, Florida.
      330 1St Ave S, St Petersburg, FL 33701
      View Details
    • Contact for pricing
      3,505 SF

      Downtown St. Petersburg Retail Space

      Prime retail location in vibrant Downtown St. Petersburg.
      218-220 N 4Th St, Saint Petersburg, FL 33701
      View Details
    • Contact for pricing

      Downtown St. Pete Retail Space

      Prime location suitable for restaurant, retail, or office use.
      560 1St Ave N, St Petersburg, FL 33701
      View Details
    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.
    1662 Dr Martin Luther King Jr S St
    Saint Petersburg, FL 33701-5701
    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

    Thank You for Inquiry
    1662 Dr Martin Luther King Jr S St, Saint Petersburg, FL, 33701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!