$5,300,000
Palmview and Sandpiper Inns
Details
Property Type Multifamily, Hospitality
Sub Type Hotel, Motel
Square Footage 7,500
Cap Rate 8.49%
NOI $450,000
Occupancy 85%
Tenancy Single
Rent Bumps No
Pro-Forma Cap Rate 8.49%
Pro-Forma NOI $450,000
Price per SqFt $707
Acreage 1.000
Parking Spaces 1 per key
Investment Type Institutional
Generational opportunity- Legally zoned hotel/motel on Sanibel Island with $450k annual net income
Marketing description
One of the very few remaining legally zoned nightly rentals on Sanibel Island, providing an opportunity to own an incredibly differentiated business with few competitors that generated more than $450,000 in net income annually in 2024,2025, and in projected 2026 performance.
Investment highlights
One of the very few remaining legally zoned nightly rentals on Sanibel Island, providing an opportunity to own an incredibly differentiated business with few competitors that generated more than $450,000 in net income annually in 2024,2025, and in projected 2026 performance.
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$450,000.00
$37,500.00/mo
Valuation Metrics
0
DSCR
8.49%
Cap Rate
8.49%
ROI
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