Pine Island Investment
5261 Pine Island Rd Nw, Bokeelia, FL 33922
Six-unit office/retail building near Publix shopping center.
Property size:
5,184 SFLot size:
0.62 AcresPrice / SF:
$249/SF- Added:
- Feb 10, 2026
- Days on Market:
- 106
- Last Refresh:
- May 25 at 6:28 pm
Property Features for 5261 Pine Island Rd Nw
General Information
- Standard status
- Active
- Size
- 5,184 SF
- Lot size
- 0.62 Acres
Listing agent Michael Shevlin License #258000296 (239) 851-1727
Listing office Century 21 Sunbelt Realty (239) 851-1727
Listing date Feb 10, 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
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.
- Recent post‑Hurricane Ian remodel includes new flooring, walls, and ceilings in each unit.
- Benefit from a metal roof, storm shutters, and 5 new A/C units.
- CC zoning allows for many commercial uses and the site has potential for expansion.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$989.9K
NOI $89,087 @ 9.00% cap · cautious / downside scenario
Moderate
$1.27M
NOI $89,087 @ 7.00% cap · market / base-case scenario
Aggressive
$1.78M
NOI $89,087 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,087 @ 7.0% cap · market cap 6.88%
Second Best
Retail
$971.5K
$850.1K – $1.13M
NOI $68,005 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,214 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Bokeelia
- County
- Lee
- State
- Florida
- Longitude
- -82.1128076
- Latitude
- 26.6134248
Nearby Similar for Sale
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.
