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Property profile & analytics

1149 Periwinkle Way Sanibel, FL 33957

  • Office buildings
  • 1,275 SF
  • 0.03 lot acres
Value Estimation
Last Sale
Mar 23, 2020
$295,000
Location Intelligence
Property ID
US18-5610998
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

by Realmo proprietary methodology Last update: July 3, 2025
  • 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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,106
$0.00
$535,635
$535,635
-
$0.00
$535,635
$535,635
More about this property
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