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Property profile & analytics
FOR SALE
Strip malls
5261 Pine Island Rd Bokeelia, FL 33922
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US18-5096789
For Sale
1 / 41
$1,295,000
5261 Pine Island Rd, Bokeelia, FL 33922
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
784 SF
Lot
0.62 ac (27,054 SF)
Zoning code
CC
APN
28-44-22-00-00022.0000
UPID
US18-5096789
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
-
Matlacha Wellness Pine Island Studio Gym & Fitness Center
-
Black Diamond Real Estate Group Real Estate Agency
-
Island Floors and Interiors Carpet & Flooring Store Hardware & Home Improvement
-
Island Custom Tile and Marble LLC General Contractor Renovation Specialist
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
Island D LLC · 14 yrs held
Island D LLC
since 2012
5 recorded transactions
Zoning & alternative use
CC · Bokeelia, FL
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 Bokeelia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bokeelia 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
$6,899
Tax year 2023
Assessed value
$507,016
Assessed 2023
Previous assessed
$438,332
+15.7% YoY
Effective rate
1.36%
On assessed value
Assessed land
$106,702
Assessed improvement
$400,314
Land market value
$106,702
Improvement market value
$400,314
Total market value
$507,016
Applied tax rate
7.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
784 SF
Lot
0.62 ac (27,054 SF)
Zoning code
CC
APN
28-44-22-00-00022.0000
UPID
US18-5096789
Jurisdiction
LEE
Zoning & alternative use
CC · Bokeelia, FL
Zoning CC · permitted uses
CC · Bokeelia, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bokeelia. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Island D LLC
Entity
Mailing address
PO BOX 449, ST JAMES CITY, FL 33956-0449
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2020
—
Island D LLC
—
Deed
related
$43,900 · United States Small Business Admin
Jul 3, 2012
$285,000
Island D LLC
Arpasi,michael A & Cheryl L
Warranty Deed
—
Dec 16, 2003
$106,600
Michael A Arpasi
Scott,velma G
Grant Deed
$140,000 · Old Florida Bank
—
—
Michael A Arpasi
—
Deed Of Trust
related
$25,000 · Old Florida Bank
—
—
Michael A Arpasi
—
Deed Of Trust
related
$165,000 · Bank Of Florida Sw
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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