Multi-Unit Office/Retail
5261 Pine Island Road Bokeelia, FL 33922
For Sale
$1,295,000
COMMERCIAL - Bokeelia, FL
Property Size4,704 SF
Lot Size0.62 Acres
Price / SF$275.30
Days on Market201
Property Features for 5261 Pine Island Road
General Information
Property type
Commercial Sale
Property subtype
Office
Fencing
Fenced
Standard status
Active
APN
28-44-22-00-00022.0000
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARL IN N1/2 OF NE 1/4 OF SE 1/4 AS DESC IN OR 1051 PG 0893
Tax Annual Amount
8253
Building Details
Year built
1979
Floors in Building
1
Listing Agency:
Century 21 Sunbelt Realty
(239) 283-1100
Listed By:
Michael Shevlin · License #258000296
(239) 851-1727
Added: Jan 8
Changed: Jun 27
Last Checked: Jul 28 at 1:06PM
MLS# 2026007144
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 is a six-unit concrete block and stucco office/retail building. Each unit was remodeled following Hurricane Ian with new flooring, walls, and ceiling. The property also includes five new A/C units, a metal roof, and storm shutters. Site utilities include septic with a lift station and county water. In addition to the main building units, there are two separate wood frame storage areas to the rear, containing 480 sf and 420 sf. There is also a separate wood barn structure containing 1,800 sf.
The property is located on Pine Island, FL, across from a recently completed Publix shopping center. The listing also notes that the rear of the site includes these additional storage and barn structures.
For buyers and operators, this configuration can support a mix of tenants seeking office and retail space within a single investment property. With three of the six units currently leased, the building offers a starting point for income-producing occupancy while the other units remain available. The property is zoned CC, which the listing states allows many commercial uses, and the site coverage is described as suggesting possible surplus land for expansion.
The property is located on Pine Island, FL, across from a recently completed Publix shopping center. The listing also notes that the rear of the site includes these additional storage and barn structures.
For buyers and operators, this configuration can support a mix of tenants seeking office and retail space within a single investment property. With three of the six units currently leased, the building offers a starting point for income-producing occupancy while the other units remain available. The property is zoned CC, which the listing states allows many commercial uses, and the site coverage is described as suggesting possible surplus land for expansion.
Key Highlights
- Prime location across from a recently completed Publix shopping center.
- Concrete block and stucco construction with a metal roof and storm shutters.
- Recently remodeled interiors in all 6 units after Hurricane Ian with new flooring, walls, and ceilings.
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 | $117.4k | $24.96 |
| − Vacancy | −$9.6k | −$2.05 |
| EGI | $107.8k | $22.91 |
| − OpEx | −$26.9k | −$5.73 |
| NOI | $80.8k | $17.18 |
4,704 SF · lease $24.96/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,838 @ 7.0% cap · market cap 6.24%
Second Best
Retail
$881.5K
$771.4K – $1.03M
NOI $61,708 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,639 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Six renovated office/retail units with multiple HVAC upgrades and storm protections support flexible commercial leasing.
Where is this office units located?
The property is located at 5261 Pine Island Road 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: Prime location across from a recently completed Publix shopping center.; Concrete block and stucco construction with a metal roof and storm shutters.; **Recently remodeled interiors in all 6 units** after Hurricane Ian with new flooring, walls, and ceilings.
