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    Second Floor Corner Condo Title is generated by Realmo AI

    4799 INDEPENDENCE DRIVE, Bradenton, FL 34210

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    Claim this Listing
    For Sale
    $275,000

    Two-bedroom, two-bathroom condo on the second floor.

    Type:Condo/Townhome
    Property size:
    1,525 SF
    Price / SF:
    $180/SF
    Added:
    Jan 24, 2025
    Days on Market:
    505
    Last Refresh:
    May 20 at 12:35 am

    Property Features for 4799 INDEPENDENCE DRIVE

    General Information

    Standard status
    Active
    Size
    1,525 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1979

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    Listing Contact
    Cheryl Carson

    Listing agent Cheryl Carson License #3082286

    Listing office WAGNER REALTY

    Listing date Jan 24, 2025

    Source Exitrealty

    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 WAGNER REALTY

    HighLights

    • Second floor location
    • Corner unit
    • Two bedrooms
    • Two bathrooms
    • Condo
    • Built in 1979

    Overview

    This property is a two-bedroom, two-bathroom corner condo located on the second floor. The property has a size of 1525 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $35.5k $23.28
    − Vacancy −$2.0k −$1.28
    EGI $33.5k $22.00
    − OpEx −$15.1k −$9.90
    NOI $18.5k $12.10
    1,525 SF · lease $23.28/SF/yr · vacancy 5.50% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $263.6K
    $230.7K – $307.5K (±1% cap)
    NOI $18,452 @ 7.0% cap · market cap 6.71%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $448.5K
    $392.4K – $523.2K (±1% cap)
    NOI $31,392 @ 7.0% cap · market cap 11.42%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply Gym & Fitness Center Kitchen & Bath Showroom Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bradenton
    County
    Manatee
    State
    Florida
    Longitude
    -82.6585828
    Latitude
    27.456394

    FAQs

    What type of property is this?
    Residential income property - Two-bedroom, two-bathroom condo on the second floor.
    Where is this residential income property located?
    The property is located at 4799 INDEPENDENCE DRIVE Bradenton, FL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Second floor location; Corner unit; Two bedrooms
    More about this property
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