Two-Unit Duplex with Covered
11323 Tangerine DR, Bonita Springs, FL 34135
For Sale
$799,999
Both residences feature three bedrooms, two full bathrooms, private laundry, and open living and dining areas.
Property Size3,050 SF
Price / SF$262.29
Days on Market62
Property Features for 11323 Tangerine DR
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Patagonia Realty LLC
(239) 595-2181
Listed By:
Raul Saad
(786) 393-4845
Source:
Mdmnaplesrealestate
Added: Sep 9
Changed: Nov 7
Last Checked: Nov 9 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Patagonia Realty LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This pre-construction duplex is planned as two residences, each with three bedrooms and two full bathrooms. The layouts include open living and dining areas, a kitchen with a center island and pantry, a primary suite with a walk-in closet, private laundry, and a covered rear patio. Each home is designed with a split-bedroom arrangement, 10-foot ceilings, and 11-foot coffered ceilings. Plans, finishes, specifications, dimensions, and completion timing remain subject to final construction documents and the executed purchase agreement.
The property is near Bonita Beach Road and Imperial Parkway, with access to I-75, shopping, dining, employment centers, and Southwest Florida beaches. A second adjoining duplex at 11319 Tangerine Drive may be available for separate purchase, subject to availability.
The property is near Bonita Beach Road and Imperial Parkway, with access to I-75, shopping, dining, employment centers, and Southwest Florida beaches. A second adjoining duplex at 11319 Tangerine Drive may be available for separate purchase, subject to availability.
Key Highlights
- Two residences with three bedrooms and two bathrooms apiece
- Approximately 1,525 square feet under air per residence; approximately 3,050 square feet combined
- Kitchens include center islands and pantries
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,480
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,600
$769.6K
Cap Rate 7%
$549,714
$549.7K
Cap Rate 9%
$427,556
$427.6K
Market Conditions
NOI Build-Up for 3,050 SF
Gross rent
$57.8K $18.96/SF
− Vacancy
−$2.9K −$0.94/SF
EGI
$55.0K $18.02/SF
− OpEx
−$16.5K −$5.41/SF
NOI
$38.5K $12.62/SF
Area
Lee County, FL
Vacancy
4.94%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,600
Cap Rate 7%
$549,714
Cap Rate 9%
$427,556
Alternative Uses
Best Use
Multifamily LT 5
$549.7K
$481.0K – $641.3K
NOI $38,480 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$507.1K
$443.7K – $591.6K
NOI $35,495 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$960.0K
$840.0K – $1.12M
NOI $67,198 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 34135, FL
45,518
Population
30,904
Households
1.5
Avg Household Size
60
Median Age
39%
College-Educated
88%
High-School Grad
61.8 sq mi
ZIP Area
737
Density / Sq Mi
$86,731
Median Household Income
$37,952
Median Earnings
$1,790
Median Rent
$419,200
Median Home Value
Market
Properties on Market for Duplexes in Bonita Springs
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature three bedrooms, two full bathrooms, private laundry, and open living and dining areas.
Where is this duplex located?
The property is located at 11323 Tangerine DR Bonita Springs, FL.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Two residences with three bedrooms and two bathrooms apiece; Approximately 1,525 square feet under air per residence; approximately 3,050 square feet combined; Kitchens include center islands and pantries
