Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2538 Dr Martin Luther King Jr N St Saint Petersburg, FL 33704-2718

    • Office buildings
    • 1,530 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $580,000
    Last Sale
    Dec 06, 2022
    $575,000
    Location Intelligence
    Property ID
    US18-6243894
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 2538 Dr Martin Luther King Jr N St

    Year built
    1948
    Construction
    CONCRETE BLOCKS
    Lot size
    0.31 lot acres
    Property size
    1,530 SF
    Property type
    Office buildings
    APN
    12-31-16-84870-000-0010
    APU
    123116848700000010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $695,000
      6.5%
      $675,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $535,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $585,000
      Retail
      $720,000
      Mixed-Use
      $530,000
      Hospitality
      $720,000
      Educational
      $670,000
      Residential Income
      $745,000
      Energy
      $740,000
      Income-Based Land
      $580,000
      Food Service
      $740,000

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.647
    Latitude
    27.7955
    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
    $9,631
    $0.00
    $0.00
    $485,000
    -
    $358,699
    $126,301
    $485,000

    Comparable in this City

    • Value Estimation by Request
      1,920 SF

      3190 Dr Martin Luther King Jr N St

      OFFICE BUILDING • 1,920 SF
      3190 Dr Martin Luther King Jr N St, Saint Petersburg, FL 33704-2037
      View Details
    • Value Estimation by Request
      31,787 SF

      2600 Dr Martin Luther King Jr N St

      OFFICE BUILDING (MULTI-STORY) • 31,787 SF
      2600 Dr Martin Luther King Jr N St, Saint Petersburg, FL 33704-2744
      View Details
    • Value Estimation by Request
      1,355 SF

      2135 Dr Martin Luther King Jr N St

      OFFICE BUILDING • 1,355 SF
      2135 Dr Martin Luther King Jr N St, Saint Petersburg, FL 33704-3203
      View Details
    • Value Estimation by Request
      1,475 SF

      2111 Dr Martin Luther King Jr N St

      OFFICE BUILDING • 1,475 SF
      2111 Dr Martin Luther King Jr N St, Saint Petersburg, FL 33704-3203
      View Details
    • Value Estimation by Request
      2,052 SF

      3701 4th N St

      PROFESSIONAL BUILDING • 2,052 SF
      3701 4th N St, Saint Petersburg, FL 33704-1313
      View Details
    • Value Estimation by Request
      1,562 SF

      1923 16th N St

      OFFICE BUILDING • 1,562 SF
      1923 16th N St, Saint Petersburg, FL 33704-3919
      View Details

    Similar Nearby for Sale

    • New
      $975,000
      1,725 SF

      St. Petersburg Retail/Office Building

      Two-story retail/office building on a major thoroughfare.
      1510 Dr Martin Luther King Jr St N, St Petersburg, FL 33704
      View Details
    • New
      $2,400,000
      5,784 SF

      Turnkey Medical and Wellness Facility

      Fully equipped medical/wellness facility for sale in St. Petersburg, FL.
      1700 Dr Martin Luther King Jr St N, St Petersburg, FL 33704
      View Details
    • $849,950

      Prime Lot in Snell Isle

      Dream home opportunity in coveted Snell Isle community.
      372 Bayview Dr, St Petersburg, FL 33704
      View Details
    • $1,095,000
      2,838 SF

      Restored Triplex in Euclid St. Paul's

      Recently restored triplex in desirable St. Petersburg neighborhood.
      925 16Th Ave N, St Petersburg, FL 33704
      View Details
    • $1,100,000
      0.25 Acres

      Snell Isle Build-Ready Lot

      Cleared lot in prime location near Vinoy Golf Club.
      746 31St Ave NE, St Petersburg, FL 33704
      View Details
    • $800,000
      2,094 SF

      St. Petersburg Multifamily Investment Opportunity

      Five units in desirable Euclid neighborhood, near downtown St. Pete.
      1040 19Th Ave N, St Petersburg, FL 33704
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Suburban Office Building Near Hospital

      Six-story office building suitable for professional or medical use.
      2600 Dr Martin Luther King Jr St N, Saint Petersburg, FL 33704
      View Details
    • $25 SF/Yr
      43,740 SF

      St. Petersburg Office Space for Lease

      Prime St. Pete office suites, immediate occupancy.
      3637 4Th St, St. Petersburg, FL 33704
      View Details
    • $22 SF/Yr
      2,111 SF

      Available Office Space Near Hospital

      2,111 SF office space near St. Petersburg General Hospital.
      5747 38Th Ave N, Saint Petersburg, FL 33704
      View Details
    • $36,000

      Nicely Appointed Office Space Available

      Office space with large lobby, close to downtown.
      1510 4Th St N, St Petersburg, FL 33704
      View Details
    • Contact for pricing

      Retail Space on 4th Street

      Retail spaces available near University of South Florida St. Pete.
      2424 4Th St N, St Petersburg, FL 33704
      View Details
    • $35 SF/Yr
      2,500 SF

      Retail Space in Modern Building

      Modern retail space with high traffic and ample parking.
      182 37Th Ave N, Saint Petersburg, FL 33704
      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.
    2538 Dr Martin Luther King Jr N St
    Saint Petersburg, FL 33704-2718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.