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Property profile & analytics
FOR LEASE
Medical Office Space
4301 Sanibel Captiva Rd Sanibel, FL 33957
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5096937
For Lease
1 / 2
$22 SF/Yr
4301 Sanibel Captiva Rd, Sanibel, FL 33957
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,544 SF
Lot
4.46 ac (194,278 SF)
APN
20-46-22-T1-00003.0150
UPID
US18-5096937
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
-
FYZICAL Therapy & Balance Centers - Sanibel Physician
-
San-Cap Medical Center Medical Clinic
-
David Lackenby, PT Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.31M
Owner & transaction history
4301 Sanibel Captiva LLC · 3 yrs held
4301 Sanibel Captiva LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+19.5%
Retail stores
$1.4M
+9.9%
Office building
$1.3M
+1.3%
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
$1,340,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,300,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,550,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,430,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$1,315,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.30M (Aug 10 2022)
Last sale anchor
$1.30M
Aug 10 2022
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
$288 / 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
$13,986
Tax year 2023
Assessed value
$963,005
Assessed 2023
Previous assessed
$833,708
+15.5% YoY
Effective rate
1.45%
On assessed value
Assessed land
$537,970
Assessed improvement
$425,035
Land market value
$537,970
Improvement market value
$425,035
Total market value
$963,005
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
4,544 SF
Lot
4.46 ac (194,278 SF)
APN
20-46-22-T1-00003.0150
UPID
US18-5096937
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE 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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.46 ac
Current owner
From public records · entity-resolved
4301 Sanibel Captiva LLC
Entity
Mailing address
85 ML STA, ROSWELL, GA 30075-4952
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
4301 Sanibel Captiva LLC
Robyne Marsteller
Warranty Deed
—
Aug 10, 2022
$1,300,000
4301 Sanibel Captiva LLC
Richard Kuehner
Personal Representative Deed
—
Dec 20, 2018
—
Paul D Kuehner
—
Deed
related
$388,000 · Sanibel Captiva Cmnty Bk
Nov 20, 2018
—
P Denis Kuehner
—
Deed
related
$141,400 · United States Small Business Admin
Mar 9, 2018
—
Paul D Kuehner
—
Deed
related
$75,000 · Sanibel Captiva Cmnty Bk
Oct 4, 2017
—
P Denis Kuehner
—
Trustees Deed
related
$75,000 · Sanibel Captiva Cmnty Bk
Oct 29, 2015
—
Paul D Kuehner
Yorgey,robyne J
Quit Claim Deed
related
—
—
—
Rosalind Wegryn
—
Deed Of Trust
related
$50,000 · Amsouth Bank
—
—
Kuehner P Denis Living Trust
—
Deed Of Trust
related
$388,000 · Sanibel Captiva Community Bank
—
—
Paul D Kuehner
—
Deed Of Trust
related
$67,500 · Sanibel Captiva Community Bank
—
—
Kuehner P D
—
Deed Of Trust
related
$100,000 · Sanibel Captiva Community Bank
—
—
Paul D Kuehner
—
Loan Modification
related
$75,000 · Sanibel Captiva Cmnty Bk
—
—
Kuehner P D & Robyne J Trust
—
Deed Of Trust
related
$100,000 · Sanibel Captiva Community Bank
—
—
Kuehner P D
—
Deed Of Trust
related
$250,000 · Sanibel Captiva Community Bank
—
—
Stanley P Wegryn
—
Deed Of Trust
related
$50,000 · Community Bank Of The Islands
—
—
P Denis Kuehner
—
Loan Modification
related
$100,000 · Sanibel Captiva Cmnty Bk
—
—
Kuehner P Denis Living Trust
—
Deed Of Trust
related
$100,000 · Sanibel Captiva Community Bank
—
—
Paul D Kuehner
—
Loan Modification
related
$388,000 · Sanibel Captiva Cmnty Bk
—
—
Kuehner P Denis Living Trust
—
Deed Of Trust
related
$38,000 · 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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