Bonita Springs Commercial
For Sale
Contact for pricing
27831 S Tamiami Trail, Bonita Springs, FL 34135
Two buildings on 0.5 acres in Bonita Springs.
Property Size2,326 SF
Lot Size0.50 Acres
Price / SF$419.17
Days on Market981
Property Features for 27831 S Tamiami Trail
General Information
Standard status
Active
Size
2,326 SF
Class
B
Total Parking Spaces
20
Lot size
0.50 Acres
Property subtype
Office, Retail
Zoning
CIA w/US41 Overlay
Occupancy
100%
Lease Type
Net
Investment Type
Net Lease
Net Operating Income
$4,656
Building Details
Year Built
1980
Year Renovated
2017
Buildings
2
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
SERHANT
(239) 404-0005
Listed By:
Rosemary Langkawel · License #BK 3444797
Source:
Crexi
Added: Dec 17, 2023
Changed: Aug 13
Last Checked: Aug 23 at 10:00AM
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 SERHANT
Investment Insights
Based on property information with market context.
This property presents a rare opportunity to acquire 0.5 acres situated in the commercial district of Bonita Springs on US 41. The site features two freestanding buildings. The property is zoned C1A with a US 41 overlay, offering various possibilities for prospective owners. Currently, the tenants are paying below-market value, presenting a potential investment opportunity or the chance for an owner-operator to establish their business.
Key Highlights
- Prime location: .5 acres on US 41 in Bonita Springs Commercial district.
- Two free‑standing buildings included.
- Zoned C1A with US 41 overlay, offering diverse possibilities.
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
$39,972
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
4.10%
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%
$799,440
$799.4K
Cap Rate 7%
$571,029
$571.0K
Cap Rate 9%
$444,133
$444.1K
Market Conditions
NOI Build-Up for 2,326 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
$58.1K $24.96/SF
− Vacancy
−$4.8K −$2.05/SF
EGI
$53.3K $22.91/SF
− OpEx
−$13.3K −$5.73/SF
NOI
$40.0K $17.18/SF
Area
Lee County, FL
Vacancy
8.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$799,440
Cap Rate 7%
$571,029
Cap Rate 9%
$444,133
Alternative Uses
Best Use
Office B
$571.0K
$499.7K – $666.2K
NOI $39,972 @ 7.0% cap · market cap 4.10%
Second Best
Retail
$435.9K
$381.4K – $508.6K
NOI $30,513 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$732.1K
$640.6K – $854.1K
NOI $51,246 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,507
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Two buildings on 0.5 acres in Bonita Springs.
Where is this retail property located?
The property is located at 27831 S Tamiami Trail Bonita Springs, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime location: .5 acres on US 41 in Bonita Springs Commercial district.; Two free‑standing buildings included.; Zoned C1A with US 41 overlay, offering diverse possibilities.
