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    1149 Periwinkle Way Sanibel, FL 33957

    Sponsored
    For Sale
    $1,350,250

    Vacant Office, 3,014 sq ft, High Visibility

    Property size:
    3,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,014 square foot vacant office condo presents a unique investment opportunity in the desirable Sanibel, Florida market. Located at 1149 Periwinkle Way, this Class B, two-story building (built in 1981) offers unparalleled visibility and accessibility. The property features ample parking, a significant advantage for both employees and clients. Its prime location on Periwinkle Way allows for prominent poly signage, maximizing brand exposure. The interior layout is well-suited for a variety of businesses, boasting six individual offices, a large meeting area, a full kitchen, and two bathrooms. The property is currently vacant, providing immediate occupancy for the new owner/user. The APN is 19-46-23-T3-01200.0002. This owner/user investment is priced at $1,350,250 and presents a compelling opportunity to establish a thriving business in a highly sought-after location. The convenient access to and from the island makes it ideal for businesses serving both island residents and visitors. This is a rare opportunity to acquire a well-appointed office space in a thriving community. The property's features and location combine to offer a strong return on investment. Don't miss this chance to own a piece of Sanibel's vibrant commercial landscape.

    Property Features for 1149 Periwinkle Way

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    3,014 SF
    Class
    B

    Building Details

    Year Built
    1981
    Stories
    2

    HighLights

    • $1,350,250 asking price for this vacant, owner‑user opportunity.
    • 3,014 square foot, Class B office condo.
    • Located at 1149 Periwinkle Way, Sanibel, FL 33957 (APN: 19‑46‑23‑T3‑01200.0002).
    • Two‑story building constructed in 1981.
    • Features six offices, a meeting area, full kitchen, and two bathrooms.
    Property Profile Location Intelligence

    Current Use by Public Records

    John Naumann & Associates Real Estate Agency N Office Supply Store Sea Oats Day ... Day Spa This business is ... Office Supply Store Beach house day ... Office Supply Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Clothing Store Building Supply Gym & Fitness Daycare Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanibel
    County
    Lee
    State
    Florida
    Longitude
    -82.043643
    Latitude
    26.4450314

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    FAQs

    What type of property is this?
    Office Property / Space - Vacant Office, 3,014 sq ft, High Visibility
    Where is this office property / space located?
    The property is located at 1149 Periwinkle Way Sanibel, FL.
    What is the asking price?
    The asking price for this property is $1,350,250.
    What are key features of this property?
    This property features: $1,350,250 asking price for this vacant, owner-user opportunity.; 3,014 square foot, Class B office condo.; Located at 1149 Periwinkle Way, Sanibel, FL 33957 (APN: 19-46-23-T3-01200.0002).
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    Sanibel, FL 33957
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1149 Periwinkle Way Sanibel, FL 33957
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