3-1640 Periwinkle Way Sanibel, FL 33957
Turnkey, fully renovated office condo with built-in workspaces, multiple offices, and in-unit amenities for professional use.
Property Features for 3-1640 Periwinkle Way
General Information
- Standard status
- Active
- Size
- 987 SF
Listing office McCallion and McCallion (239) 233-1388
Listing date Oct 3, 2025
Source Exprealty
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Investment Insights
Based on property information with market context.
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 |
