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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Office buildings
959 Periwinkle Way Sanibel, FL 33957-6924
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-8988557
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,539 SF
Lot
1.87 ac (81,544 SF)
APN
20-46-23-T4-03900.30A0
UPID
US18-8988557
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
-
Sanibel & Captiva Real Estate Bob Radigan Royal Shell Real Estate Agency
-
Tracy Walters, Royal Shell Real Estate Real Estate Agency
-
The Berry Team - Royal Shell Real Estate Real Estate Agency
-
Your Island Connection - The Berry Team Real Estate Agency
-
Royal Shell Real Estate, Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.13M
Owner & transaction history
Generation II LLC · 17 yrs held
Generation II LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+18.0%
Retail stores
$1.1M
+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%
$1,080,000
6.5%
$1,000,000
7%
$925,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,025,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,110,000
Change: +8% · Conversion: Moderate
MEDICAL BUILDING
$1,010,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$318 / 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
$27,975
Tax year 2023
Assessed value
$2,252,538
Assessed 2023
Previous assessed
$1,588,930
+41.8% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,725,133
Assessed improvement
$527,405
Land market value
$1,725,133
Improvement market value
$527,405
Total market value
$2,252,538
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
3,539 SF
Lot
1.87 ac (81,544 SF)
APN
20-46-23-T4-03900.30A0
UPID
US18-8988557
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
OFFICE BUILDING Current
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Generation II LLC
Entity
Mailing address
600 GILLIAM RD, WILMINGTON, OH 45177-9089
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Aug 1, 2008
$3,000,000
Generation II LLC
Periwinkle Way LLC
Warranty Deed
—
Sep 22, 2004
—
959 Periwinkle Way LLC
—
Trustees Deed
related
$1,150,000 · Northern Trust Bank Of Florida
Jun 17, 2004
—
959 Periwinkle Way LLC
959 Periwinkle Way LLC
Quit Claim Deed
related
—
Jan 20, 2004
$2,100,000
959 Perwinkle Way LLC
Beachview Golf Club INC
Grant Deed
$1,575,000 · Northern Trust Bank Of Florida
—
—
Estates Internationale LLC
—
Deed Of Trust
related
$500,000 · Michael M Strayhorn
—
—
959 Periwinkle Way LLC
—
Deed Of Trust
related
$13,000 · Sanibel Captiva Community Bank
—
—
959 Periwinkle Way LLC
—
Deed Of Trust
related
$1,800,000 · Sanibel Captiva Community Bank
—
—
959 Periwinkle Way LLC
—
Deed Of Trust
related
$1,800,000 · 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.
Try Rey
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