Duplex With Private
For Sale
$719,000
27605/609 Imperial River Rd, Bonita Springs, FL 34134
MULTI_FAMILY - Other - BONITA SPRINGS, FL
Property Size2,300 SF
Lot Size0.24 Acres
Price / SF$312.61
Days on Market179
Property Features for 27605/609 Imperial River Rd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
TFC-2
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4
Patio and Porch features
Patio
Pets allowed
Yes
Fencing
Fenced
Subdivision
BONITA SPRINGS
Standard status
Active
APN
32-47-25-B3-03210.019A
Size
2,300 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 730 FT W + 1578.5 FT N OF SE COR TH W 120 FT TH S 85 FT DESC OR 3154 PG 1530
Tax Annual Amount
8014
Legal Description
BEG 730 FT W + 1578.5 FT N OF SE COR TH W 120 FT TH S 85 FT DESC OR 3154 PG 1530
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Building Details
Year built
2000
Number of units
2
Flooring type
Tile, Wood
Building materials
Concrete Block, Stucco
Roof type
Shingle
Architectural style
Other
Listing Agency:
DomainRealty.com LLC
(239) 301-4301
Listed By:
Alexander Hulme · License #NAPLES-249529562
(239) 961-2373
Added: Feb 18
Changed: Aug 13
Last Checked: Aug 16 at 3:06PM
MLS# 226009997
Copyright © 2026 Naples Area Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,300-square-foot duplex, built in 2000, contains two residences with matching layouts. Each side provides 2 bedrooms, 2 bathrooms, approximately 1,150 square feet, vaulted ceilings, a private driveway, and patio space. Garage capacity includes one single-car garage for each unit plus an additional single-car garage serving the left-side residence. Construction features concrete block and stucco, with wood and tile flooring, central air conditioning, electric heating, and shingle roofing. The property also includes fencing and ceiling fans.
Located at 27605/609 Imperial River Road in Bonita Springs, the duplex is 1.5 miles from Bonita Beach. The property is situated on a 0.236-acre lot and carries TFC-2 zoning. Its two-residence configuration and private access provide a clear physical layout for residential occupancy or the short-term rental use referenced in the property information.
Located at 27605/609 Imperial River Road in Bonita Springs, the duplex is 1.5 miles from Bonita Beach. The property is situated on a 0.236-acre lot and carries TFC-2 zoning. Its two-residence configuration and private access provide a clear physical layout for residential occupancy or the short-term rental use referenced in the property information.
Key Highlights
- Duplex totals 2,300 square feet on a 0.236‑acre lot
- Each residence includes 2 bedrooms, 2 bathrooms, and approximately 1,150 square feet
- Three single‑car garages total, including an additional garage for the left‑side unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,443
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,860
$608.9K
Cap Rate 7%
$434,900
$434.9K
Cap Rate 9%
$338,256
$338.3K
Market Conditions
NOI Build-Up for 2,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$45.5K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$43.5K $18.91/SF
− OpEx
−$13.0K −$5.67/SF
NOI
$30.4K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$608,860
Cap Rate 7%
$434,900
Cap Rate 9%
$338,256
Alternative Uses
Best Use
Multifamily LT 5
$434.9K
$380.5K – $507.4K
NOI $30,443 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$403.0K
$352.7K – $470.2K
NOI $28,212 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$723.9K
$633.4K – $844.6K
NOI $50,674 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 34134, FL
15,906
Population
15,051
Households
1.1
Avg Household Size
70
Median Age
55%
College-Educated
98%
High-School Grad
13.4 sq mi
ZIP Area
1,187
Density / Sq Mi
$122,102
Median Household Income
$56,170
Median Earnings
$1,814
Median Rent
$659,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged residences offer private driveways, patios, and garage access near Bonita Beach.
Where is this duplex located?
The property is located at 27605/609 Imperial River Rd Bonita Springs, FL.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Duplex totals 2,300 square feet on a 0.236‑acre lot; Each residence includes 2 bedrooms, 2 bathrooms, and approximately 1,150 square feet; Three single‑car garages total, including an additional garage for the left‑side unit
