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Property profile & analytics
OFF-MARKET
Investment properties
2340 Periwinkle Way R1 Sanibel, FL 33957-3203
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-2625612
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Total area
747 SF
Lot
0.08 ac (3,283 SF)
APN
26-46-22-T2-006R0.0010
UPID
US18-2625612
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
-
Community Housing and Resources, Inc. City Government Office
-
Capitva Current Publishing House Newspaper & Magazine
-
The Village Shops Business Service Center Corporate Office
-
Strickland Janet M Law Firm
-
Rizzo Thomas F Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rlr Investments LLC · 7 yrs held
Rlr Investments LLC
since 2018
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,648
Tax year 2023
Assessed value
$250,661
Assessed 2023
Previous assessed
$358,087
-30.0% YoY
Effective rate
1.46%
On assessed value
Assessed improvement
$250,661
Improvement market value
$250,661
Total market value
$250,661
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1986
Heating
NONE
Stories
1
Bathrooms
1
Total area
747 SF
Lot
0.08 ac (3,283 SF)
APN
26-46-22-T2-006R0.0010
UPID
US18-2625612
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
1986
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Rlr Investments LLC
Entity
Free & Clear · 7 yrs held
Mailing address
600 GILLIAM RD, WILMINGTON, OH 45177-9089
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2018
$357,500
Rlr Investments LLC
Simcoe,gerald J JR & Carol J
Warranty Deed
—
Oct 3, 2011
$279,000
Carol J Simcoe
Sanibel Captiva Community Bank
Corporation Deed
$223,200 · Sanibel Captiva Community Bank
Jun 22, 2011
$5,400
Sanibel Captiva Cmnty Bk
Thompson,sheila B Coc
Trustees Deed
related
—
Jul 18, 2007
—
Sheila B Thompson
—
Trustees Deed
related
$35,000 · Sanibel Captiva Community Bank
Aug 24, 2004
$325,000
Sheila B Thompson
Lawrence,sylvia L
Warranty Deed
$289,000 · Sanibel Captiva Community Bank
May 9, 1997
$120,000
Sylvia L Lawrence
Anderson,herbert J
Grant Deed
—
—
—
Sylvia L Lawrence
—
Deed Of Trust
related
$50,000 · Bank Of America
—
—
Sylvia L Lawrence
—
Deed Of Trust
related
$25,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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