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The Palmview & Sandpiper Inns 706 Donax St 8 Room Hotel Sanibel, FL 33957 $5,300,000 ($662,500/Room) 8.50% Cap Rate
Executive Summary
Once in a generation opportunity to own not one, but two, of the few remaining motel/hotel establishments on Sanibel Island! Legally permitted for nightly rentals and generating close to $1,000,000 in annual revenue, the Palmview and Sandpiper Inns are powerhouse performers with strong historical and future rental performance. Receiving a ground up renovation in 2024 with existing management in place (if the new owner so desires), both are well outfitted to offer their new owner a consistent, worry-free, income for years to come!
Financials for 2024, 2025, and 2026 available upon request. Adjusted EBITDA of $450,534.55 for 2025. $474,731 revenue on the books for 2026 as of 3/9/26.
Financials for 2024, 2025, and 2026 available upon request. Adjusted EBITDA of $450,534.55 for 2025. $474,731 revenue on the books for 2026 as of 3/9/26.
Property Facts
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 8 | $165.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 30-46-23-T2-00304.0140 | Improvements Assessment | $395,337 |
| Land Assessment | $753,165 | Total Assessment | $1,158,468 |
Property Taxes
Parcel Number
30-46-23-T2-00304.0140
Land Assessment
$753,165
Improvements Assessment
$395,337
Total Assessment
$1,158,468
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Presented by
Palcat LLC
The Palmview & Sandpiper Inns | 706 Donax St
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