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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Turn key restaurants
1473 Periwinkle Way Sanibel, FL 33957-4511
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-0254208
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,786 SF
Lot
1.9 ac (82,761 SF)
APN
30-46-23-T1-00004.0000
UPID
US18-0254208
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
-
MudBugs Cajun Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$540k
Owner & transaction history
Mud Bugs Cajun Kitchen LLC · 10 yrs held
Mud Bugs Cajun Kitchen LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sanibel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanibel submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,404
Tax year 2023
Assessed value
$1,557,665
Assessed 2023
Previous assessed
$1,546,702
+0.7% YoY
Effective rate
1.50%
On assessed value
Assessed land
$1,012,854
Assessed improvement
$544,811
Land market value
$1,012,854
Improvement market value
$544,811
Total market value
$1,557,665
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Total area
2,786 SF
Lot
1.9 ac (82,761 SF)
APN
30-46-23-T1-00004.0000
UPID
US18-0254208
Jurisdiction
LEE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Mud Bugs Cajun Kitchen LLC
Entity
Mailing address
1473 PERIWINKLE WAY, SANIBEL, FL 33957-4511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2019
—
Mudbugs Cajun Kitchen LLC
—
Deed
related
$2,800,000 · Sanibel Captiva Cmnty Bk
Feb 7, 2019
—
Mud Bugs Cajun Kitchen LLC
—
Deed
related
$1,350,000 · Sanibel Captiva Cmnty Bk
Jan 11, 2017
—
Mud Bugs Cajun Kitchen LLC
—
Deed
related
$1,317,476 · Sanibel Captiva Cmnty Bk
Jan 19, 2016
$1,800,000
Mud Bugs Cajun Kitchen LLC
Sanibel Steak Hse Holdings LLC
Trustees Deed
$1,350,000 · Sanibel Captiva Cmnty Bk
Aug 13, 2015
$1,376,300
Sanibel Steakhouse Holdings Ll
Durpo,clark L JR & Clark L SR
Warranty Deed
—
Jun 30, 2011
—
Durpo Clark L
—
Deed Of Trust
related
$1,376,250 · Sanibel Captiva Community Bank
Sep 10, 2009
—
Clark L Durpo
—
Deed Of Trust
related
$1,376,250 · Sanibel Captiva Community Bank
May 26, 2006
$1,625,000
Clark L Durpo SR.
R & B LLC
Warranty Deed
$1,376,250 · Sanibel Captiva Community Bank
Apr 18, 2006
—
R & B LLC
—
Trustees Deed
related
$230,000 · Sanibel Captiva Community Bank
—
—
Mud Bugs Cajun Kitchen LLC
—
Loan Modification
related
$1,350,000 · Sanibel Captiva Cmnty Bk
—
—
Mudbugs Cajun Kitchen LLC
—
Loan Modification
related
$2,800,000 · Sanibel Captiva Cmnty Bk
—
—
Clark L Durpo
—
Deed Of Trust
related
$1,376,250 · Sanibel Captiva Community Bank
—
—
Clark L Durpo SR.
—
Loan Modification
related
$1,376,250 · Sanibel Captiva Community Bank
—
—
Durpo,clark L SR & Clark L JR
—
Loan Modification
related
$1,376,250 · Sanibel Captiva Cmnty Bk
—
—
Clark L Durpo JR.
—
Deed Of Trust
related
$225,000 · Sanibel Captiva Cmnty Bk
—
—
Clark L Durpo SR.
—
Deed Of Trust
related
$1,376,250 · Sanibel Captiva Community Bank
—
—
Mud Bugs Cajun Kitchen LLC
—
Loan Modification
related
$1,317,476 · Sanibel Captiva Cmnty Bk
—
—
R & B LLC
—
Deed Of Trust
related
$685,000 · Sanibel Captiva Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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