Financial
Distress signals
Property profile

702 Dr Martin Luther King Jr Blvd W MARTIN LUTHER KING JR Plant City, FL 33563

FOR SALE
Office buildings
Property ID
US18-5479413
2,666 SF 0.07 ac lot Built 1919
Last sale Jun 2019 · $100
Individually Owned Owner of record is an individual. 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This professional office building is located at 702 W Dr Martin Luther King Jr Boulevard in Plant City and includes approximately 2,666 square feet of interior space configured for business use. The building layout is flexible and includes both office areas and on-site ancillary space. In addition to the office component, there is a one-bedroom apartment and a separate additional apartment that has been converted to storage. The property is positioned along a major thoroughfare with street…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$2k
Tax billed · 2023
Assessed value$162k
Assessed land$19k
Assessed improvement$143k
Effective rate1.06%

Value estimate

· Sep 2026
$280k
$252k – $308k
AI approach$280k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$4k
Operating expenses−$19k
NOI · 7.88% cap applied$31k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$139/SF
ZIP average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$73 – $194
Qualifying comparables15

Cap rate analysis

How does the asset earn?
7.88%
$31k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
C-1
The purpose of C-1 zone is to provide wholesale distribution establishments and warehouses
General categoryINDUSTRIAL
JurisdictionHILLSBOROUGH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.5
Carpet & Flooring Store9.5
Computer & Electronic Repair9.4

Location

702 Dr Martin Luther King Jr Blvd W, Unit MARTIN LUTHER KING JR Plant City, FL 33563
County assessor Recorded deeds · 1 transfer 15 qualifying comp sales Zoning catalog

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
1403 Reynolds, Plant City, FL 33563-4325 $350,000 Nov 2024 2,728 SF
802 Baker, Plant City, FL 33563-3636 $334,000 Dec 2023 2,680 SF
2402 Baker, Plant City, FL 33563-2804 $580,000 Feb 2023 2,578 SF
101 Collins, Plant City, FL 33563-5529 $350,000 Oct 2022 3,102 SF
509 Alexander St, Plant City, FL 33563-7136 $640,000 Jul 2022 3,239 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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