Turnkey Duplex with Impact
For Sale
$530,000
357 Boundary Boulevard, Rotonda West, FL 33947
Newly built 2022 duplex with hurricane-impact windows and doors, public water and sewer, and fully furnished interiors.
Property Size2,626 SF
Price / SF$201.83
Days on Market40
Property Features for 357 Boundary Boulevard
General Information
Standard status
Active
Size
2,626 SF
Property subtype
Multi-Family
Building Details
Year Built
2022
Listing Agency:
RE/MAX PALM REALTY OF VENICE
(941) 525-6818
Listed By:
Regina Melman · License #3455400
Source:
Whitesandsfl
Added: Jul 21
Changed: Aug 10
Last Checked: Aug 28 at 12:39PM
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 RE/MAX PALM REALTY OF VENICE
Investment Insights
Based on property information with market context.
Newly built in 2022, this turnkey duplex offers two separate sides, each featuring 3 bedrooms and 2 bathrooms. The interiors include luxury vinyl plank flooring, tile in wet areas, tray ceilings, and an open-concept layout. Each side is presented fully furnished, with gourmet kitchens offering granite countertops, soft-close cabinetry, pantry closets, and a modern design. Additional building features include spray-foam attic insulation and hurricane-impact windows and doors. The exterior is constructed with solid block, with paver driveways, a sprinkler system, rain gutters, and landscaping.
The property is serviced by public water and public sewer and is described as being in a non-flood zone. It is located in the Rotonda West community, and the public remarks note proximity to Gulf beaches, parks, golf courses, dining, and shopping.
Overall, the duplex provides a clean, modern, low-maintenance configuration with a furnished setup and storm-resistant improvements already in place on both sides.
The property is serviced by public water and public sewer and is described as being in a non-flood zone. It is located in the Rotonda West community, and the public remarks note proximity to Gulf beaches, parks, golf courses, dining, and shopping.
Overall, the duplex provides a clean, modern, low-maintenance configuration with a furnished setup and storm-resistant improvements already in place on both sides.
Key Highlights
- Newly built 2022 duplex with 2,626 sq. ft. under air (each side has 3 bedrooms and 2 bathrooms).
- Hurricane‑impact windows and doors, plus spray‑foam attic insulation for comfort and energy efficiency.
- Public water and public sewer available; solid block construction connected to city utilities.
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
$25,403
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
4.79%
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%
$508,060
$508.1K
Cap Rate 7%
$362,900
$362.9K
Cap Rate 9%
$282,256
$282.3K
Market Conditions
NOI Build-Up for 2,626 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
$44.7K $17.04/SF
− Vacancy
−$8.5K −$3.22/SF
EGI
$36.3K $13.82/SF
− OpEx
−$10.9K −$4.15/SF
NOI
$25.4K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /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%
$508,060
Cap Rate 7%
$362,900
Cap Rate 9%
$282,256
Alternative Uses
Best Use
Multifamily LT 5
$362.9K
$317.5K – $423.4K
NOI $25,403 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$859.8K
$752.4K – $1.00M
NOI $60,188 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 33947, FL
10,462
Population
6,973
Households
1.5
Avg Household Size
65
Median Age
30%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
787
Density / Sq Mi
$73,453
Median Household Income
$42,875
Median Earnings
$1,359
Median Rent
$352,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Newly built 2022 duplex with hurricane-impact windows and doors, public water and sewer, and fully furnished interiors.
Where is this duplex located?
The property is located at 357 Boundary Boulevard Rotonda West, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Newly built 2022 duplex with 2,626 sq. ft. under air (each side has 3 bedrooms and 2 bathrooms).; Hurricane‑impact windows and doors, plus spray‑foam attic insulation for comfort and energy efficiency.; Public water and public sewer available; solid block construction connected to city utilities.
