Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Office buildings
2430 Periwinkle Way Sanibel, FL 33957-3207
Entity Owned
11-yr Hold
Property ID
US19-0856221
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,040 SF
Lot
1.01 ac (43,821 SF)
Zoning code
TCL
APN
26-46-22-T2-00004.0020
UPID
US19-0856221
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
-
F.I.S.H. of Sanibel - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.71M
Owner & transaction history
F I S H Of Sanibel Captiva INC · 11 yrs held
F I S H Of Sanibel Captiva INC
since 2014
7 recorded transactions
Zoning & alternative use
TCL · Sanibel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+18.0%
Retail stores
$1.6M
+8.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,460,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,720,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,585,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$1,440,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±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
$338 / 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
$2,032
Tax year 2023
Assessed value
$1,767,628
Assessed 2023
Previous assessed
$1,365,262
+29.5% YoY
Effective rate
0.11%
On assessed value
Assessed land
$999,730
Assessed improvement
$767,898
Land market value
$999,730
Improvement market value
$767,898
Total market value
$1,767,628
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
5,040 SF
Lot
1.01 ac (43,821 SF)
Zoning code
TCL
APN
26-46-22-T2-00004.0020
UPID
US19-0856221
Jurisdiction
LEE
Zoning & alternative use
TCL · Sanibel, FL
Zoning TCL · permitted uses
TCL · Sanibel, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanibel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
F I S H Of Sanibel Captiva INC
Entity
Mailing address
2430 PERIWINKLE WAY STE B, SANIBEL, FL 33957-3224
Ownership since
2014
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
Dec 5, 2014
$1,750,000
F I S H Of Sanibel Captiva INC
Sanibel Captival Community Bank
Warranty Deed
$1,487,500 · Sanibel Captiva Community Bank
Apr 9, 2014
$100
Sanibel Captiva Cmnty Bk
Island Partners LLC Coc
Trustees Deed
related
—
Oct 10, 2007
$2,120,000
Island Partners LLC
2430 Holding
Grant Deed
$1,437,038 · Sanibel Captiva Community Bank
May 17, 2002
—
2430 Holding Co
Southtrust Bank NA
Grant Deed
$740,000 · Old Florida Bank
—
—
Island Partners LLC
—
Deed Of Trust
related
$1,475,000 · Sanibel Captiva Community Bank
—
—
2430 Holding Co
—
Deed Of Trust
related
$140,000 · Old Florida Bank
—
—
2430 Holding Co
—
Deed Of Trust
related
$1,475,000 · Sanibel Captiva Community Bank
—
—
Holding Co
—
Deed Of Trust
related
$264,000 · Old Florida 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2430 Periwinkle Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
