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Pine Island Investment Opportunity

5261 Pine Island Rd Nw Bokeelia, FL 33922

Claim this Listing
For Sale
$1,295,000

Six-unit office/retail building near Publix shopping center.

Property size:
5,184 SF
Lot size:
0.62 Acres
Price / SF:
$249/SF
Added:
Jan 8, 2026
Days on Market:
185
Last Refresh:
Jun 28 at 8:48 pm

Property Features for 5261 Pine Island Rd Nw

General Information

Standard status
Active
Size
5,184 SF
Lot size
0.62 Acres

Listing office Century 21 Sunbelt Realty

Listing date Jan 8, 2026

Source Exprealty

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 Century 21 Sunbelt Realty


Investment Insights

Based on property information with market context.

This six-unit concrete block and stucco building is located on Pine Island, Florida, across from a recently completed Publix shopping center. Each unit has been remodeled after Hurricane Ian with new flooring, walls, and ceilings. The building features five new A/C units and a metal roof, as well as storm shutters, a septic system with a lift station, and county water. Each unit contains 784 square feet. Currently, three of the units are leased at $1,250 per unit per month, resulting in a rental rate of $19.13 per square foot per year on a gross basis. To the rear of the site are two separate wood frame storage areas, one containing 480 square feet and the other containing 420 square feet. There is also a separate wood barn structure containing 1,800 square feet. The site encompasses 27,054 square feet. The current coverage ratio suggests the possibility of surplus land for expansion. The CC zoning allows for many commercial uses.

Key Highlights

  • Investment property featuring 6 remodeled office/retail units in a durable concrete block and stucco building.
  • Prime location across from the recently completed Publix shopping center on Pine Island, FL.
  • Currently, three units are leased at $1,250 per unit per month.

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 $129.4k $24.96
− Vacancy −$10.6k −$2.05
EGI $118.8k $22.91
− OpEx −$29.7k −$5.73
NOI $89.1k $17.18
5,184 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.27M
$1.11M – $1.48M (±1% cap)
NOI $89,087 @ 7.0% cap · market cap 6.88%
Second Best
Retail
$971.5K
$850.1K – $1.13M (±1% cap)
NOI $68,005 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M (±1% cap)
NOI $114,214 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Matlacha Wellness Pine ... Gym & Fitness Center Black Diamond Real ... Real Estate Agency Island Floors and Interiors Carpet & Flooring Store Island Custom Tile ... General Contractor

Suggested Use

HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Butcher Veterinary Clinic Barber Shop Storage Facility Pharmacy Plumbing Service

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

FAQs

What type of property is this?
Storefront property - Six-unit office/retail building near Publix shopping center.
Where is this storefront property located?
The property is located at 5261 Pine Island Rd Nw Bokeelia, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Investment property featuring 6 remodeled office/retail units in a durable concrete block and stucco building.; Prime location across from the recently completed Publix shopping center on Pine Island, FL.; Currently, three units are leased at $1,250 per unit per month.
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