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    Gulf-Access Triplex with Private Pool Title is generated by Realmo AI

    4811 Gary Road, Bonita Springs, FL 34134

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    For Sale
    $1,195,000

    Fully renovated triplex with three rental units, featuring a private pool and canal frontage for flexible coastal living.

    Type:Multi-family
    Added:
    Nov 20, 2025
    Days on Market:
    198
    Last Refresh:
    Jun 5 at 1:54 am

    Property Features for 4811 Gary Road

    General Information

    Standard status
    Active
    Property subtype
    Multi-family

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    John Tsiskakis

    Listing agent John Tsiskakis

    Listing office John R Wood Properties

    Listing date Nov 20, 2025

    Source Johnrwood

    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 John R Wood Properties

    HighLights

    • Fully renovated 3‑unit triplex built in 1978 with canal frontage at the end of a peaceful canal
    • Private pool plus lanai and pool deck tied to open‑concept living/dining with French doors to bring indoor‑outdoor flow
    • Unit C: 4 bedrooms, 3 bathrooms, more than 1,700 SF, and a lock‑off suite with separate living area and kitchenette
    • Unit C flexible layout includes a separate lock‑off suite to support extended stays or potential rental income flexibility
    • Unit B: 2 bedrooms, 1 bathroom, over 800 SF, with an open‑air verandah overlooking the canal
    • Unit D: 1 bed, 1 bath second‑floor apartment with a screened balcony featuring water and pool views

    Overview

    This fully renovated Gulf-access triplex includes three rental units, each updated with upgraded finishes, new furnishings, appliances, and complete housewares. The property offers a private pool and outdoor pool deck, with indoor-outdoor living promoted through open living spaces and wide access to outdoor areas. Unit C is the largest home, featuring 4 bedrooms and 3 bathrooms with a flexible layout that includes a lock-off suite with a separate living area and kitchenette. The open-concept living and dining area connects to the kitchen, and French doors open to the lanai and pool deck. Unit B offers 2 bedrooms and 1 bathroom, with an open living and dining area that extends to an open-air verandah overlooking the canal. Unit D is a 1-bedroom, 1-bath second-floor apartment with a screened balcony and water and pool views.

    The triplex sits at the end of a peaceful canal, providing a waterfront setting and Gulf access. It is described as just minutes from Bonita Beach and close to Barefoot Beach Preserve, supporting a coastal lifestyle with nearby opportunities for boating, kayaking, fishing, and Gulf sunsets.

    With three distinct residential units, this property can fit buyers seeking a multifamily setup in a renovated, turnkey condition. The inclusion of a lock-off suite in Unit C adds versatility for different occupancy needs, while the combination of pool access and canal views supports tenant appeal for extended stays or longer-term renters.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bonita Springs
    County
    Lee
    State
    Florida
    Longitude
    -81.8278155
    Latitude
    26.3314629

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    FAQs

    What type of property is this?
    Triplex - Fully renovated triplex with three rental units, featuring a private pool and canal frontage for flexible coastal living.
    Where is this triplex located?
    The property is located at 4811 Gary Road Bonita Springs, FL.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Fully renovated 3‑unit triplex built in 1978 with canal frontage at the end of a peaceful canal; Private pool plus lanai and pool deck tied to open‑concept living/dining with French doors to bring indoor‑outdoor flow; Unit C: 4 bedrooms, 3 bathrooms, more than 1,700 SF, and a lock‑off suite with separate living area and kitchenette
    (239) 233-9313
    We can help!
    Listing Contact
    John Tsiskakis
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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