Sanibel Commercial Building For
905 Fitzhugh Street Sanibel, FL 33957
905 Fitzhugh Street, Sanibel, FL, 33957
$1,095,000
For Sale
$1,095,000
COMMERCIAL - Sanibel, FL
Property Size3,000 SF
Lot Size0.26 Acres
Price / SF$365
Days on Market411
Property Features for 905 Fitzhugh Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 19-46-23-T4-00902.0110
- Size
- 3,000 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- SANIBEL CENTER BLK 2 PB 7 PG 62 LOTS 11 + 12
- Tax Annual Amount
- 6912
Building Details
- Year built
- 1974
- Floors in Building
- 2
Listing Agency
Pfeifer Realty Group LLC
(239) 472-0004
1630-I Periwinkle Way, Sanibel, FL
Listed by
Kerri Maw · License #280596897
(239) 292-4944
Added: Jun 2, 2025 Checked: Jul 17 at 10:06 am
MLS# 225051228
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.
Investment Insights
Based on property information with market context.
This commercial building, located off Periwinkle Way in Sanibel, Florida, offers 3,000 square feet of space and 100 feet of side street frontage on a 0.264-acre lot. The building features 1,500 square feet on each level. The first floor is an open layout, while the upper floor currently contains an apartment with 2 bedrooms or offices. The zoning is Town Center Limited. The primary eco zone appears to be G and partially d-2.
Key Highlights
- Prime location off Periwinkle Way.
- 3,000 sq ft commercial building.
- 100 ft of side street frontage.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.9k | $24.96 |
| − Vacancy | −$6.1k | −$2.05 |
| EGI | $68.7k | $22.91 |
| − OpEx | −$17.2k | −$5.73 |
| NOI | $51.6k | $17.18 |
3,000 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$736.5K
$644.4K – $859.3K
NOI $51,555 @ 7.0% cap · market cap 4.71%
Second Best
Mixed Use
$528.8K
$462.7K – $616.9K
NOI $37,013 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$944.2K
$826.2K – $1.10M
NOI $66,096 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Commercial building with open floor plan and residential potential.
Where is this mixed-use property located?
The property is located at 905 Fitzhugh Street Sanibel, FL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Prime location off Periwinkle Way.; 3,000 sq ft commercial building.; 100 ft of side street frontage.
