www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
25492052

6161 Dr M.L.K. Jr St N, St. Petersburg, FL 33703

CC
FL SL3093667
Keller Williams Tampa Properties
Listed by Keller Williams Tampa Properties
$3,789,300
103 days on market
Updated 65 days ago

St Petersburg Office Investment Opportunity

Details
APN 31-31-17-61427-092-0010
Property Type Mixed Use, Office
Sub Type Traditional Office
Square Footage 14,600
Net Rentable (SqFt) 14,200
Cap Rate 4.22%
NOI $160,000
Occupancy 85%
Tenancy Multi
Lease Type NN+
Lease Term 5
Lease Expiration 06/30/2030
Remaining Term 4
Rent Bumps Yes
Pro-Forma Cap Rate 4.75%
Pro-Forma NOI $180,000
Price per SqFt $260
Class C
Lot Size (SqFt) 30,353
Zoning Commercial
Parking Spaces 55 per unit
Investment Type Value Add
Tenant Credit Credit Rated
Lease Commencement 07/01/2025
Occupancy Date 09/30/2025
Ground Lease No
Ownership Fee Simple

Mixed Use | 4.22% CAP | 14,600 SqFt

Marketing description

Professional Office Building

KW Commercial is proud to present for Sale or Lease the Opus

Center Office Building in St. Petersburg, FL. Located only one mile

South of the Gateway Mall and just a few miles North of Downtown

St. Petersburg and the Historic Old Northeast, this property offers

high visibility and traffic counts along with excellent accessibility to

nearby housing, shopping, and dining. In addition to being close to

local amenities and less than 5 miles away from the Vinoy

Yacht/Golf Club and Park, the Opus Center Office Building is

centrally located for quick and easy access to 1-275, 4th St N, and

US-19. Whatever your needs or the needs of your future tenants, this

property boasts a great and accessible location in an area where

demand for office space continues to increase. The Opus Center

Office Building is perfect for an investor looking for an excellent

value-add opportunity, or for an owner/occupant seeking to move

their business into a solid building in a superior location

Investment highlights

PROPERTY HIGHLIGHTS

  • Easy Access to I-275,US 19, and 4th St N

  • Great Proximity to Downtown St. Pete

  • Immediately available to Lease or Sale

  • Perfect for Investor or Owner/Occupant

Listing Contacts

CC
FL SL3093667
Keller Williams Tampa Properties
Listed by Keller Williams Tampa Properties

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$160,000.00
$13,333.33/mo

Valuation Metrics

0
DSCR
4.22%
Cap Rate
4.22%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Coach Cook
License
SL3093667
Brokerage
Keller Williams Tampa Properties
Brokerage Address
5020 West Linebaugh Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591