1149 Periwinkle Way Sanibel, FL 33957
- Office buildings
- 1,275 SF
- 0.03 lot acres
Current Use by Public Records
- John Naumann & Associates / Real Estate Consultant / Real Estate Agency
- N / Office Supply Store
- Sea Oats Day Spa / Day Spa
- This business is no longer open or taking clients. Please call Sanibel Day Spa for island spa needs. / Office Supply Store
- Beach house day spa no longer open / Office Supply Store
Property Details for 1149 Periwinkle Way
- Year built
- 1981
- Lot size
- 0.03 lot acres
- Property size
- 1,275 SF
- Property type
- Office buildings
- APN
- 19-46-23-T3-01200.0001
- APU
- 194623T3012000001
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $265,000
- 6.5%
- $295,000
- 7%
- $265,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $255,000
- Mixed-Use
- $300,000
- Hospitality
- $295,000
- Educational
- $285,000
- Residential Income
- $280,000
- Energy
- $285,000
- Income-Based Land
- $280,000
- Food Service
- $290,000
Location Insight
- Map
- Local Demand
- City
- Sanibel
- County
- Lee
- State
- Florida
- Longitude
- -82.0435
- Latitude
- 26.4451
- CBSA code
- 15980
- CBSA name
- CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA