Second Floor Corner
4799 INDEPENDENCE DRIVE Bradenton, FL 34210
For Sale
$275,000
Two-bedroom, two-bathroom condo on the second floor.
Property Size1,525 SF
Price / SF$180.33
Days on Market550
Property Features for 4799 INDEPENDENCE DRIVE
General Information
Standard status
Active
Size
1,525 SF
Property subtype
Condo/Townhome
Building Details
Year Built
1979
Listing Agency:
WAGNER REALTY
(941) 524-9907
Listed By:
Cheryl Carson · License #3082286
(941) 524-9907
Source:
Exitrealty
Added: Jan 25, 2025
Changed: Jul 6
Last Checked: Jul 29 at 5:43AM
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
Investment Insights
Based on property information with market context.
This property is a two-bedroom, two-bathroom corner condo located on the second floor. The property has a size of 1525 square feet.
Key Highlights
- Second floor location
- Corner unit
- Two bedrooms
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
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
NOI $31,392 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
