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    1101 Periwinkle Way unit D1 Sanibel, FL 33957

    View on Map
    For Sale
    $415,000

    SINGLE_FAMILY - Sanibel, FL

    Type:Office
    Lot size:
    0.03 Acres
    Added:
    Nov 22, 2025
    Days on Market:
    130
    Last Refresh:
    Apr 1 at 6:06 pm

    Property Features for 1101 Periwinkle Way unit D1

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    19-46-23-T3-0060D.0010
    Lot size
    0.03 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    TREE TOP CENTRE CONDO OR 1727 PG 4403 UNIT D-1
    TaxAnnualAmount
    3583

    Building Details

    Year built
    1984
    Floors in Building
    1

    We can help!

    Listing Contact
    Jennifer McSorley
    Jennifer McSorley

    Listing agent Jennifer McSorley License #258010375

    Listing office Pfeifer Realty Group LLC 1630-I Periwinkle Way, Sanibel, FL

    Listing date Nov 22, 2025

    MLS# 2025020641

    Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sanibel Island Office Condo

    This is a turnkey, stabilized office condo situated directly on Periwinkle Way, the primary commercial corridor of Sanibel Island. The property has been fully renovated, featuring a new HVAC system, updated electrical components, modern finishes, and a professional build-out consisting of three offices. The unit is equipped with impact windows throughout. The existing glass-separated office spaces are adaptable and can be removed or modified to suit different needs. The current configuration includes separate lighting and AC vents for each office space, with ample room for a reception area, meeting space, kitchenette, and back-office functions. A fully remodeled private restroom is included. The unit comes with three dedicated parking spaces. The existing layout is suitable for a flexible co-working office space. This property presents an opportunity for a hands-off investment or future owner-user in an island market with limited office condos available. The property is currently leased, providing immediate income to a new owner. The lot size is 0.0293 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Island Vacations of Sanibel ... Vacation Rental Coast 2 Coast ... Vacation Rental Seascapes Vacation Rentals Property Management Company Sanibel Sandbox Real Estate Agency Engel & Voelkers Sanibel Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Gym & Fitness Center Daycare Center Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.041933
    Latitude
    26.445591

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    FAQs

    What type of property is this?
    Office units - Turnkey, stabilized office condo on Periwinkle Way, Sanibel Island.
    Where is this office units located?
    The property is located at 1101 Periwinkle Way unit D1 Sanibel, FL.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Prime location directly on Periwinkle Way, Sanibel Island's main commercial street.; Fully renovated with new HVAC, updated electrical, modern finishes, impact windows, and remodeled restroom.; Turnkey, stabilized office condo with immediate income from existing lease.
    (239) 560-2355
    We can help!
    Listing Contact
    Jennifer McSorley
    Jennifer McSorley
    Real Estate License ID: 258010375
    Learn More
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    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
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