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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Grocery and convenience stores
2460 Periwinkle Way Sanibel, FL 33957-3207
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4489632
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,706 SF
Lot
0.66 ac (28,659 SF)
Zoning code
TCL
APN
26-46-22-T2-00006.0000
UPID
US18-4489632
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
-
7-Eleven Grocery & Convenience Store
-
Western Union Bank Credit Union
-
Citibank Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
$660k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Estero Properties LLC · 1 yrs held
Estero Properties LLC
since 2024
Last sale
$1.0M
1 recorded transaction
Zoning & alternative use
TCL · Sanibel, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the TCL town center limited commercial district, like the TCG town center general commercial district, is also to provide for commercial and mixed-use development in the geographical center of the city. Because of this area relatively good access from Periwinkle Way, Palm Ridge Road and Tarpon Bay Road, and proximity to civic, cultural and gov…
Zone name
Town Center Limited
General category
MIXED_USE
Zone area
24.38 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$1.7M
+81.8%
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
$1,040,000
ML approach
$1,040,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$925,000
Current use
COMMERCIAL (GENERAL)
$1,680,000
Change: +82% · Conversion: Easy
RETAIL STORES
$850,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$785,000
Change: -15% · Conversion: Moderate
MEDICAL BUILDING
$775,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10% · vs last sale $1.04M (Dec 30 2024)
Last sale anchor
$1.04M
Dec 30 2024
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
$384 / 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
$19,627
Tax year 2023
Assessed value
$1,646,559
Assessed 2023
Previous assessed
$1,446,770
+13.8% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,326,374
Assessed improvement
$320,185
Land market value
$1,326,374
Improvement market value
$320,185
Total market value
$1,646,559
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
Similar Nearby for Lease
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
2,706 SF
Lot
0.66 ac (28,659 SF)
Zoning code
TCL
APN
26-46-22-T2-00006.0000
UPID
US18-4489632
Jurisdiction
LEE
Zoning & alternative use
TCL · Sanibel, FLZoning TCL · permitted uses
TCL · Sanibel, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the TCL town center limited commercial district, like the TCG town center general commercial district, is also to provide for commercial and mixed-use development in the geographical center of the city. Because of this area relatively good access from Periwinkle Way, Palm Ridge Road and Tarpon Bay Road, and proximity to civic, cultural and governmental uses, the TCL town center limited district is a preferred location for retail development and therefore higher floor area ratios are permitted. The TCL town center limited commercial district is designed to provide an opportunity for a variety and mixture of retail, office, and service uses which support the establishment and retention of island and resident serving commercial uses and discourage commercial uses that cater principally to the day visitor to the city.
Zone name
Town Center Limited
General category
MIXED_USE
Zone area
24.38 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$850,000
OFFICE BUILDING
Est. value
$785,000
MEDICAL BUILDING
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Estero Properties LLC
Entity
Mailing address
2711 N HASKELL AVE, DALLAS, TX 75204-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
$1,040,000
Estero Properties LLC
7 Eleven INC
Special Warranty Deed
$884,000 · 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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