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    771 Rabbit Rd Sanibel, FL 33957

    View on Map
    Sponsored
    For Sale
    $699,000

    MULTI_FAMILY - Other - Sanibel, FL

    Property size:
    1,260 SF
    Lot size:
    0.35 Acres
    Days on Market:
    60
    Last Refresh:
    Mar 22 at 5:06 am

    Property Features for 771 Rabbit Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Rooms
    Bathroom 1, Bedroom 2, Dining Room, Bedroom 1, Bathroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    28-46-22-T2-00005.1070
    Parking features
    Underground/Basement, Garage, Driveway, Paved or Surfaced
    Patio and Porch features
    Deck, Porch, Patio
    Pets allowed
    Yes
    Pool private
    1
    Interior features
    BuiltInFeatures, KitchenIsland, LivingDiningRoom, ShowerOnly, SeparateShower
    Exterior features
    Deck, Fence, SecurityHighImpactDoors, Patio
    Fencing
    Fenced
    Appliances
    DoubleOven, Dryer, Dishwasher, Disposal, IceMaker, Microwave, Range, Refrigerator, RefrigeratorWithIceMaker, Washer
    Size
    1,260 SF
    Lot size
    0.35 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Ceiling Fan(s), Central Air
    Water source
    Public
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1986
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    WoodSiding, WoodFrame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Bell

    Michael Saunders & Company

    Listing agent Karen Bell License #280500098

    Listing date Jan 21, 2026

    MLS# 225054981

    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.

    Learn more

    Property Insight Report

    Overview

    Sanibel Duplex with River Views

    This half duplex in Sanibel, Florida, offers views of the Sanibel River. The property features 2 bedrooms and 2 bathrooms, along with a fenced, private, saltwater pool. A new roof was installed in 2023, and new hurricane windows and doors have been added. The interior features new tile flooring throughout, and both the interior and exterior have been freshly painted. The great room and open floor plan provide expansive river views. The kitchen includes custom cabinetry, stainless steel appliances, a new custom backsplash, and new quartz counters. A new under-roof screened-in lanai/porch has been added to enhance enjoyment of the river views and wildlife. Additional updates include a new washer and dryer, new window treatments, a new dining room fixture, and new plumbing. New sod and landscaping have also been installed. The property is located near the beach and within walking distance of Rosalita's restaurant and Bailey's General Store. The property is suitable as a getaway or rental investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wilson Landscape & Pond ... Landscaping

    Suggested Use

    Restaurant Real Estate Agency Nail Salon Hotel & Motel Department Store Kitchen & Bath Showroom HVAC Service Garden Center Travel Agency Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.10848
    Latitude
    26.438584

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    FAQs

    What type of property is this?
    Single family property - Half duplex with river views, pool, and recent upgrades.
    Where is this single family property located?
    The property is located at 771 Rabbit Rd Sanibel, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Sanibel River views from an elevated location near the beach.; - Enjoy a private, fenced, saltwater pool.; - New roof (2023), hurricane windows and doors, and tile flooring throughout.
    (239) 851-0168
    Request Owner's contact information
    771 Rabbit Rd Sanibel, FL 33957
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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
    771 Rabbit Rd Sanibel, FL 33957
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    Listing Contact
    Karen Bell
    Real Estate License ID: 280500098
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