Technical
Financial
Distress signals
Property profile

1149 Periwinkle Way 3 Sanibel, FL 33957

OFF-MARKET
Office buildings
Property ID
US18-5089459
1,406 SF 0.03 ac lot Built 1981
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Total area 1,406 SF
Lot 0.03 ac (1,414 SF)
APN 19-46-23-T3-01200.0003
UPID US18-5089459

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • (Bike/Boat/Book/etc) Store
  • Alternative Medicine Practice Spa & Massage Center
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

1149 Periwinkle Way, Unit 3 Sanibel, FL 33957-4701
Sanibel metro Census 80202 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
$395k
Comparable Approach Comparable
$631k
Blend (final) Blend
$625k

Owner & transaction history

since 2024
Last sale
$625,000
7 recorded transactions
2024
$625,000
2021
$415,000
2017
Price N/A
2015
$310,000
2012
$299,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $990,000 +143.4%
Commercial (general) $875,000 +114.4%
Neighborhood: shopping center $480,000 +18.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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