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Property profile & analytics
OFF-MARKET
Office buildings

1149 Periwinkle Way 1 Sanibel, FL 33957-4701

1,275 SF 0.03 ac lot Built 1981
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-5610998
Property summary
AI-generated overview

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 profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 1,275 SF
Lot 0.03 ac (1,284 SF)
APN 19-46-23-T3-01200.0001
UPID US18-5610998
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • John Naumann & Associates Real Estate Agency
  • N (Bike/Boat/Book/etc) Store
  • Sea Oats Day Spa Alternative Medicine Practice Spa & Massage Center
  • This business is no longer open or taking clients. Please call Sanibel Day Spa for island spa needs. (Bike/Boat/Book/etc) Store
  • Beach house day spa no longer open (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
T2 Holdings Sanibel LLC · 6 yrs held
T2 Holdings Sanibel LLC
since 2020
Last sale
$295,000
7 recorded transactions
2020
Price N/A
2019
$295,000
2017
Price N/A
2015
$310,000
2013
$299,000
2012
$299,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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