Furnished Duplex with Renovated
For Sale
$459,000
B-182 Boundary Blvd, Rotonda West, FL 33947
Updated systems and refreshed kitchens and bathrooms support immediate residential use across both units.
Property Size2,357 SF
Price / SF$194.74
Days on Market124
Property Features for B-182 Boundary Blvd
General Information
Standard status
Active
Size
2,357 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,954
Listing Agency:
REAL ESTATE MAINSTREAM SERVICE
(941) 456-0067
Listed By:
Vadim Sizov · License #3360018
(941) 456-0067
Source:
Exprealty
Added: May 1
Changed: Aug 31
Last Checked: Aug 31 at 5:56PM
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 REAL ESTATE MAINSTREAM SERVICE
Investment Insights
Based on property information with market context.
This 2,357-square-foot duplex is offered fully furnished and includes updates to both the building systems and interior spaces. The roof was replaced in 2020, while new AC units were installed in 2023. Kitchens and bathrooms have also been renovated, providing refreshed functional areas within the two-unit layout.
The property is near parks, restaurants, public beaches, and golf courses. Its furnished configuration and residential improvements support use as a two-unit income property or an owner-occupied residence with a separate rental unit.
The property is near parks, restaurants, public beaches, and golf courses. Its furnished configuration and residential improvements support use as a two-unit income property or an owner-occupied residence with a separate rental unit.
Key Highlights
- 2,357‑square‑foot duplex
- Fully furnished two‑unit property
- Roof replaced in 2020
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
$22,801
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
4.97%
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%
$456,020
$456.0K
Cap Rate 7%
$325,729
$325.7K
Cap Rate 9%
$253,344
$253.3K
Market Conditions
NOI Build-Up for 2,357 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
$40.2K $17.04/SF
− Vacancy
−$7.6K −$3.22/SF
EGI
$32.6K $13.82/SF
− OpEx
−$9.8K −$4.15/SF
NOI
$22.8K $9.67/SF
Area
Charlotte County, FL
Vacancy
18.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$456,020
Cap Rate 7%
$325,729
Cap Rate 9%
$253,344
Alternative Uses
Best Use
Multifamily LT 5
$325.7K
$285.0K – $380.0K
NOI $22,801 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$297.3K
$260.1K – $346.8K
NOI $20,809 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$771.7K
$675.3K – $900.4K
NOI $54,022 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 33947, FL
10,462
Population
6,973
Households
1.5
Avg Household Size
65
Median Age
30%
College-Educated
96%
High-School Grad
13.3 sq mi
ZIP Area
787
Density / Sq Mi
$73,453
Median Household Income
$42,875
Median Earnings
$1,359
Median Rent
$352,300
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?
Duplex - Updated systems and refreshed kitchens and bathrooms support immediate residential use across both units.
Where is this duplex located?
The property is located at B-182 Boundary Blvd Rotonda West, FL.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 2,357‑square‑foot duplex; Fully furnished two‑unit property; Roof replaced in 2020
