Short-Term Rental Property Needing
For Sale
$450,000
Pending
27587 Imperial Shores Blvd, Bonita Springs, FL 34134
Bonita Springs property requiring post-flood renovation, with proximity to beaches, boating, dining, shopping, and outdoor recreation.
Property Size2,030 SF
Days on Market71
Property Features for 27587 Imperial Shores Blvd
General Information
Standard status
Pending
Size
2,030 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
post-flood renovation
Building Details
Year Built
1979
Listing Agency:
Coldwell Banker Realty
Listed By:
John Hill
(317) 965-7071
Source:
Naplespropertyguide
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 31 at 5:37PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1979, this Bonita Springs property requires renovation following flood damage. The approximately 2,030-square-foot asset offers a foundation for redevelopment as a short-term rental, seasonal retreat, or long-term income property, subject to the buyer’s plans and applicable requirements.
The property is located at 27587 Imperial Shores Blvd in Bonita Springs, Florida. Its setting provides access to Southwest Florida beaches, fishing, waterfront dining, boating opportunities, shopping, entertainment, outdoor recreation, and nearby Gulf of America canal access. The area attracts visitors throughout the year, supporting the property’s stated short-term rental positioning.
The property is located at 27587 Imperial Shores Blvd in Bonita Springs, Florida. Its setting provides access to Southwest Florida beaches, fishing, waterfront dining, boating opportunities, shopping, entertainment, outdoor recreation, and nearby Gulf of America canal access. The area attracts visitors throughout the year, supporting the property’s stated short-term rental positioning.
Key Highlights
- Post‑flood renovation required
- Approximately 2,030 square feet
- Built in 1979
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
$24,900
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
5.53%
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%
$498,000
$498.0K
Cap Rate 7%
$355,714
$355.7K
Cap Rate 9%
$276,667
$276.7K
Market Conditions
NOI Build-Up for 2,030 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
$47.3K $23.28/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$45.3K $22.30/SF
− OpEx
−$20.4K −$10.04/SF
NOI
$24.9K $12.27/SF
Area
Lee County, FL
Vacancy
4.20%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$498,000
Cap Rate 7%
$355,714
Cap Rate 9%
$276,667
Alternative Uses
Best Use
Apartment 5plus
$355.7K
$311.3K – $415.0K
NOI $24,900 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$638.9K
$559.1K – $745.4K
NOI $44,725 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
314
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
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Frequently Asked Questions
What type of property is this?
Short term rental property - Bonita Springs property requiring post-flood renovation, with proximity to beaches, boating, dining, shopping, and outdoor recreation.
Where is this short term rental property located?
The property is located at 27587 Imperial Shores Blvd Bonita Springs, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Post‑flood renovation required; Approximately 2,030 square feet; Built in 1979
