Property profile

2402 Palm Rdg Rd Sanibel, FL 33957

OFF-MARKET
Investment properties
Property ID
US18-4521406
2,656 SF 0.31 ac lot Built 1974
Individually Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,656 SF
Lot 0.31 ac (13,678 SF)
Zoning code TCG
APN 26-46-22-T2-0030E.0120
UPID US18-4521406

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
  • Property Management Company Condominium Rental Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

2402 Palm Rdg Rd Sanibel, FL 33957-3222
Sanibel metro Census 80204 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2016
1 recorded transaction
2016
$832,500

Zoning & alternative use

TCG · Sanibel, FL
Zoning description

The purpose of the TCG town center general commercial district is to provide for commercial and mixed use development in the geographical center of the city. Because of this area's relatively good access from Periwinkle…

General category MIXED_USE

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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