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    9805/9807 Montana Ct lot 37 Bonita Springs, FL 34135

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    For Sale
    $375,500

    MULTI_FAMILY - BONITA SPRINGS, FL

    Lot size:
    0.15 Acres
    Added:
    Jan 11, 2026
    Days on Market:
    111
    Last Refresh:
    May 2 at 9:06 pm

    Property Features for 9805/9807 Montana Ct lot 37

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    TFC-2
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
    Pets allowed
    No
    Standard status
    Active
    APN
    34-47-25-B2-01400.0370
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PARK PLACE PB 25 PG 122 W80FT OF LT37 + VAC PT OR 1987 PG 4316
    Tax Annual Amount
    5423

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air, Ceiling Fan(s), Electric
    Water front
    1

    Building Details

    Year built
    1978
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Wood Frame, Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Mary Jo Selden

    Listing agent Mary Jo Selden

    Listing office DomainRealty.com LLC 24201 Walden Center Dr. # 206, Bonita Springs, FL

    Listing date Jan 11, 2026

    MLS# 226001224 Listing URL

    Copyright © 2026 Bonita Springs-Estero REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Duplex in Bonita Springs

    Located at the end of a quiet cul-de-sac, this waterfront duplex in Bonita Springs, FL, presents an investment opportunity or flexible living arrangement along a canal leading to the Imperial River. The property consists of two one-bedroom, one-bath units, each featuring a private screened lanai that overlooks the waterway. The lanai screens were replaced at the end of 2021. Each unit is equipped with washer and dryer hookups. Positioned on a canal with access to the Imperial River, the location allows for kayaking or boating with access to the Gulf. The backyard offers views of manatees and dolphins. Both kitchens were remodeled at the end of 2022 with new cabinetry. The right-side unit includes a new refrigerator installed in 2025. Both units are equipped with A/C mini-split systems updated in 2021, and new water heaters were installed in 2022. The property features tile flooring throughout and solid wood doors. The duplex had a roof installed in 2018 and includes separate water lines, with a plumbing permit dated 10/22/20. The property is situated on a lot of 0.153 acres. This well-maintained duplex combines waterfront lifestyle appeal with updates, making it an option for investors or owner-occupants seeking waterfront living with income potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bonita Springs
    County
    Lee
    State
    Florida
    Longitude
    -81.78986
    Latitude
    26.340031

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    FAQs

    What type of property is this?
    Duplex - Waterfront duplex with canal access and updated amenities.
    Where is this duplex located?
    The property is located at 9805/9807 Montana Ct lot 37 Bonita Springs, FL.
    What is the asking price?
    The asking price for this property is $375,500.
    What are key features of this property?
    This property features: Waterfront property with canal access to the Imperial River and Gulf; Two updated one‑bedroom, one‑bath units offer investment potential; Remodeled kitchens (end of 2022) with new cabinetry and a new refrigerator in one unit (2025)
    (239) 898-6072
    We can help!
    Listing Contact
    Mary Jo Selden
    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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    9805/9807 Montana Ct lot: 37, BONITA SPRINGS, FL 34135

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