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    887 Casa Ybel Rd Sanibel, FL 33957

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    Sponsored
    For Sale
    $749,000

    MULTI_FAMILY - Ranch - Sanibel, FL

    Type:Single Family Residence
    Property size:
    2,764 SF
    Lot size:
    0.34 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 21 at 9:06 pm

    Property Features for 887 Casa Ybel Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Security features
    Security
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Dining Room, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3
    Bedrooms
    5
    Bathrooms
    4
    APN
    25-46-22-T2-00700.0010
    Patio and Porch features
    Patio
    Pets allowed
    Yes
    Interior features
    LivingDiningRoom
    Exterior features
    Fence, SecurityHighImpactDoors, Patio
    Fencing
    Fenced
    Size
    2,764 SF
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1974
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Metal, Flat, Built-Up
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jayne Lumley

    Michael Saunders & Company

    Listing agent Jayne Lumley License #280520002

    Listing date Mar 20, 2026

    MLS# 2026012925

    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 Triplex: Income Opportunity

    This triplex presents a rare investment opportunity, featuring a total of five bedrooms and four bathrooms. The building was mitigated in 2023 and completed in 2024, incorporating impact doors and windows, including patio doors that open to porches. The left side of the triplex comprises a two-bedroom, one-bath unit with a private driveway. The right side offers a larger floor plan with two bedrooms, two baths, and two separate patios/decks. An efficiency unit on the far right includes one bedroom and one bath. The property is zoned residential multi-family and is located mid-island, offering potential for a home-style business. It is within walking distance of a shopping center, restaurants, and medical facilities, as well as the Jordan Marsh Preserve Park. Gulfside City Park beaches are also a short distance away. The property features a new roof, gutters, and insulation, along with new electric and plumbing systems, and stainless-steel appliances installed in 2024. Flood and wind insurance are in place. The units are newly furnished and turnkey. The building is situated on a 0.339-acre lot and has a property size of 2764 square feet. The property offers possibilities such as living on one side while renting out the others, or using it as a family compound, in-law suite, or worker housing for resorts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.058676
    Latitude
    26.440661

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    FAQs

    What type of property is this?
    Triplex - Five-bedroom, four-bath triplex in a prime Sanibel location.
    Where is this triplex located?
    The property is located at 887 Casa Ybel Rd Sanibel, FL.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Fully mitigated triplex (completed 2024) with 5 beds, 4 baths, offering immediate rental income potential.; - All impact doors and windows, including patio doors, providing enhanced security.; - Newly renovated in 2024 with new roof, gutters, insulation, electric, plumbing, and stainless-steel appliances.
    (239) 872-2546
    Request Owner's contact information
    887 Casa Ybel Rd Sanibel, FL 33957
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    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
    887 Casa Ybel Rd Sanibel, FL 33957
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    We can help!
    Listing Contact
    Jayne Lumley
    Real Estate License ID: 280520002
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