1446 Periwinkle Way Sanibel, FL 33957
Property profile & analytics
1446 Periwinkle Way Sanibel, FL 33957
- Retail space
- 2,358 SF
- 0.43 lot acres
Property ID
US18-4599589
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.
Location Intelligence
Current Use by Public Records
- Islander Trading Post / Home Decor Store / (Bike/Boat/Book/etc) Store
Property Details for 1446 Periwinkle Way
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.43 lot acres
- Property size
- 2,358 SF
- Property type
- Retail space
- APN
- 19-46-23-T4-00021.0020
- APU
- 194623T4000210020
Description
This exceptional Sanibel Island offering presents a unique investment opportunity encompassing a prime commercial location and multiple residential units. The property boasts 150 feet of frontage along Periwinkle Way, Sanibel's main thoroughfare, ensuring high visibility and accessibility. The main structure is a 2,358-square-foot retail building featuring multiple showrooms, ideal for a variety of businesses. Ample parking is available directly in front, providing convenient access for customers and residents. Beyond the retail space, the property includes a substantial 2,390-square-foot residence, offering four bedrooms and two bathrooms, along with private natural views overlooking a pond and the Bailey Homestead Preserve. A separate workshop and storage building is also included, featuring an additional apartment above. This combined property, situated on a 0.49-acre lot, presents a rare chance to acquire a thriving commercial space alongside valuable residential units in the heart of Sanibel Island. The existing structures offer immediate income potential, while the prime location and substantial frontage provide significant long-term growth opportunities. This is a truly exceptional opportunity to own a piece of Sanibel Island's vibrant commercial and residential landscape. The asking price for this unique property is $3,995,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $515,000
- 6.5%
- $475,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $786,000
Market price range: $385k - $786k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $740,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $805,000 Change: +9% Conversion: Moderate
- OFFICE BUILDING
- $685,000 Change: -8% Conversion: Easy
- MEDICAL BUILDING
- $675,000 Change: -9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sanibel
- County
- Lee
- State
- Florida
- Longitude
- -82.0523
- Latitude
- 26.4436
- 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
$15,687
$650,817
$650,664
$1,301,481
-
$650,817
$650,664
$1,301,481
