Two-Level Office
For Sale
$1,095,000
905 Fitzhugh Street, Sanibel, FL 33957
CommercialSale, Sanibel, FL
Property Size3,000 SF
Lot Size0.26 Acres
Price / SF$365
Days on Market499
Property Features for 905 Fitzhugh Street
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
West on Periwinkle Way, Right on Fitzhugh St, Building is first on left.
Subdivision
SI01 - Sanibel Island
Standard status
Active
APN
19-46-23-T4-00902.0110
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
SANIBEL CENTER BLK 2 PB 7 PG 62 LOTS 11 + 12
Tax Annual Amount
6912
Legal Description
SANIBEL CENTER BLK 2 PB 7 PG 62 LOTS 11 + 12
Building Details
Year built
1974
Floors in Building
2
Listing Agency:
Pfeifer Realty Group LLC
(239) 472-0004
Listed By:
Kerri Maw · License #280596897
(239) 292-4944
Added: Jun 2, 2025
Changed: Oct 10
Last Checked: Oct 13 at 12:06PM
MLS# 225051228
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 two-story commercial building contains 3,000 square feet, arranged with 1,500 square feet on each level. The first floor is configured as an open commercial area, while the upper floor is currently arranged as a two-bedroom apartment or office configuration. The property was built in 1974 and has 100 feet of side-street frontage.
Located at 905 Fitzhugh Street in Sanibel, the building carries Town Center Limited zoning. Its combination of open ground-floor space and separately configured upper-level rooms provides a clear physical layout for office-oriented use.
Located at 905 Fitzhugh Street in Sanibel, the building carries Town Center Limited zoning. Its combination of open ground-floor space and separately configured upper-level rooms provides a clear physical layout for office-oriented use.
Key Highlights
- 3,000‑square‑foot commercial building with 1,500 square feet on each level
- Open first‑floor layout
- Upper level currently configured with 2 bedrooms/offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,555
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,100
$1.0M
Cap Rate 7%
$736,500
$736.5K
Cap Rate 9%
$572,833
$572.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$74.9K $24.96/SF
− Vacancy
−$6.1K −$2.05/SF
EGI
$68.7K $22.91/SF
− OpEx
−$17.2K −$5.73/SF
NOI
$51.6K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,100
Cap Rate 7%
$736,500
Cap Rate 9%
$572,833
Alternative Uses
Best Use
Office B
$736.5K
$644.4K – $859.3K
NOI $51,555 @ 7.0% cap · market cap 4.71%
Second Best
Mixed Use
$528.8K
$462.7K – $616.9K
NOI $37,013 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$944.2K
$826.2K – $1.10M
NOI $66,096 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 33957, FL
6,382
Population
8,525
Households
0.7
Avg Household Size
68
Median Age
62%
College-Educated
99%
High-School Grad
16.2 sq mi
ZIP Area
394
Density / Sq Mi
$122,730
Median Household Income
$44,840
Median Earnings
$747
Median Rent
$912,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Commercial building with an open lower level and flexible upper-floor configuration in Town Center Limited zoning.
Where is this office building located?
The property is located at 905 Fitzhugh Street Sanibel, FL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 3,000‑square‑foot commercial building with 1,500 square feet on each level; Open first‑floor layout; Upper level currently configured with 2 bedrooms/offices
