Renovated Gulf-Access
For Sale
$738,000
27633 635 Imperial Shores Blvd, Bonita Springs, FL 34134
Two updated rental units offer canal access, covered parking, and established short-term rental history near Bonita Beach.
Property Size1,950 SF
Price / SF$378.46
Days on Market51
Property Features for 27633 635 Imperial Shores Blvd
General Information
Standard status
Active
Size
1,950 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1971
Year Renovated
2024
Buildings
1
Listing Agency:
Knowledge Base Real Estate
Listed By:
Logan Lockwood · License #251535222
(239) 398-8934
Source:
Napleshomesearcher
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 4 at 2:09PM
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 Knowledge Base Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two matching 2-bedroom, 2-bathroom residences, each measuring 975 square feet. Both units underwent full renovations in 2024, including new air-conditioning systems. Each side also has dedicated covered parking, while the roof was replaced in 2013. The property was built in 1971 and is located in the Imperial Shores community.
A Gulf-access canal behind the property connects by bridge to open water, with Bonita Beach less than 2 miles away. Dining and shopping are also described as nearby. Both residences have an established short-term rental history. The property experienced flooding during Hurricanes Ian and Milton.
A Gulf-access canal behind the property connects by bridge to open water, with Bonita Beach less than 2 miles away. Dining and shopping are also described as nearby. Both residences have an established short-term rental history. The property experienced flooding during Hurricanes Ian and Milton.
Key Highlights
- Two identical 2‑bedroom, 2‑bathroom units, each measuring 975 square feet
- Full property renovation completed in 2024
- New A/C systems installed in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,811
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,220
$516.2K
Cap Rate 7%
$368,729
$368.7K
Cap Rate 9%
$286,789
$286.8K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$38.6K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$36.9K $18.91/SF
− OpEx
−$11.1K −$5.67/SF
NOI
$25.8K $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 Rate 5%
$516,220
Cap Rate 7%
$368,729
Cap Rate 9%
$286,789
Alternative Uses
Best Use
Multifamily LT 5
$368.7K
$322.6K – $430.2K
NOI $25,811 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$341.7K
$299.0K – $398.7K
NOI $23,919 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$613.7K
$537.0K – $716.0K
NOI $42,962 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
382
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
Frequently Asked Questions
What type of property is this?
Duplex - Two updated rental units offer canal access, covered parking, and established short-term rental history near Bonita Beach.
Where is this duplex located?
The property is located at 27633 635 Imperial Shores Blvd Bonita Springs, FL.
What is the asking price?
The asking price for this property is $738,000.
What are key features of this property?
This property features: Two identical 2‑bedroom, 2‑bathroom units, each measuring 975 square feet; Full property renovation completed in 2024; New A/C systems installed in both units
