Completely Renovated Office
3-1640 Periwinkle Way Sanibel, FL 33957
3-1640 Periwinkle Way, Sanibel, FL, 33957
$225,000
Pending
For Sale
$225,000
Pending
Turnkey, fully renovated office condo with built-in workspaces, multiple offices, and in-unit amenities for professional use.
Property Size987 SF
Days on Market290
Property Features for 3-1640 Periwinkle Way
General Information
- Standard status
- Pending
- Size
- 987 SF
Listing Agency
McCallion and McCallion
(239) 233-1388
Listed by
Susan McCallion · License #280596767
(239) 233-1388
Source
Exprealty
Added: Oct 3, 2025 Checked: Jul 17 at 6:23 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McCallion and McCallion
Investment Insights
Based on property information with market context.
Completely renovated office condo space offers a flexible layout with built-in workspaces, multiple offices, and a dedicated waiting room. The interior includes luxury vinyl plank flooring and pristine white cabinetry, along with a separate receptionist and assistant space for organized day-to-day operations. For convenience, the unit features a restroom within the space, two sinks, and in-unit laundry with a washer and dryer, plus a full-sized refrigerator.
Located on Periwinkle Way in the heart of Sanibel Island, the suite is positioned for strong visibility and accessible parking. It sits just across from Bank of the Islands and near Jerry’s Grocery Store, supporting easy finding and convenient access for clients and customers.
This turnkey configuration is well suited for a variety of professional and service-oriented businesses, including medical or veterinary uses, pet grooming, or other office-based concepts that benefit from a reception area, private offices, and in-unit utilities. With the renovation completed in 2024, operators looking for a modern, move-in-ready environment may find the space particularly appealing.
Located on Periwinkle Way in the heart of Sanibel Island, the suite is positioned for strong visibility and accessible parking. It sits just across from Bank of the Islands and near Jerry’s Grocery Store, supporting easy finding and convenient access for clients and customers.
This turnkey configuration is well suited for a variety of professional and service-oriented businesses, including medical or veterinary uses, pet grooming, or other office-based concepts that benefit from a reception area, private offices, and in-unit utilities. With the renovation completed in 2024, operators looking for a modern, move-in-ready environment may find the space particularly appealing.
Key Highlights
- Completely renovated 987 SF flexible office condo on Sanibel Island (2024)
- Built‑in workspaces plus multiple offices and a waiting room area
- Separate receptionist and assistant space within the unit
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 | $24.6k | $24.96 |
| − Vacancy | −$2.0k | −$2.05 |
| EGI | $22.6k | $22.91 |
| − OpEx | −$5.7k | −$5.73 |
| NOI | $17.0k | $17.18 |
987 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$242.3K
$212.0K – $282.7K
NOI $16,962 @ 7.0% cap · market cap 7.54%
Second Best
Healthcare Medical
$176.5K
$154.4K – $205.9K
NOI $12,354 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$310.7K
$271.8K – $362.4K
NOI $21,746 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Turnkey, fully renovated office condo with built-in workspaces, multiple offices, and in-unit amenities for professional use.
Where is this office units located?
The property is located at 3-1640 Periwinkle Way Sanibel, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Completely renovated 987 SF flexible office condo on Sanibel Island (2024); Built‑in workspaces plus multiple offices and a waiting room area; Separate receptionist and assistant space within the unit
