Property profile

708 Tarpon Bay Rd Sanibel, FL 33957

OFF-MARKET
Investment properties
Property ID
US18-2095328
1,376 SF 0.62 ac lot Built 1976
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Sanibel Island commercial property presents a rare investment opportunity. Located at 708 Tarpon Bay Road, this 2,376 square foot building sits on a sizable 0.62-acre lot, offering 200 feet of frontage on the highly trafficked Tarpon Bay Road. Its strategic location directly across from the post office ensures high visibility and consistent foot traffic. The property's versatile layout includes a 1,400 square foot commercial space, ideal for a variety of businesses, and a 1,000 square foot apartment with a 376 square foot screened porch. The apartment provides ample space for an owner, staff, or as a separate rental unit, generating additional income potential. Previously used as a restaurant, the building has undergone a complete remediation process and boasts significant upgrades, including a new roof and impact-resistant windows and doors. This turnkey property is ready for immediate occupancy and offers significant upside for a savvy investor or business owner seeking a prime location on one of Florida's most desirable islands. The property's size and location make it an attractive prospect for a wide range of commercial ventures. Don't miss this chance to secure a piece of Sanibel Island's thriving commercial landscape.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1976
Construction FRAME
Total area 1,376 SF
Lot 0.62 ac (26,890 SF)
Zoning code TCG
APN 26-46-22-T1-00222.0130
UPID US18-2095328

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
  • Computer & Electronic Repair Tech Support Center

Location

708 Tarpon Bay Rd Sanibel, FL 33957-3114
Sanibel metro Census 80203 CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2010
$635,000
2009
Price N/A
2008
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

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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