Renovated Short-Term Rental
New
For Sale
$295,000
4420 46TH AVENUE W #202, Bradenton, FL 34210
Condo-hotel unit with an enclosed east-facing porch, updated kitchen and bathrooms, and access to pool and tennis amenities.
Property Size1,174 SF
Price / SF$251.28
Days on Market7
Property Features for 4420 46TH AVENUE W #202
General Information
Standard status
Active
Size
1,174 SF
Property subtype
Condo - Hotel
Amenities
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 5187928204, Public Survey Range: 17E, Public Survey Section: 09, Annual Amount: $3,829.5, Tax Book Number: 1205-77, Legal Description: UNIT 202 BLDG 11 PHASE 11 SHOREWALK BATH & TENNIS CLUB CONDO PI#51879.2820/4, Year: 2025, Zoning: PDP R3A
Ceramic Tile
Central Air
Central, Electric
Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
Listing ID: MFRA4705793, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-09-16, 1 day on market, Special Conditions: None
2 total bedrooms
Built in 1989, Living area: 1174, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block, Stucco
Subdivision: SHOREWALK BATH & TENNIS CLUB 11, MLS Area (Major): 34210 - Bradenton, County/Parish: Manatee
Pond
2 total bathrooms, 2 full bathrooms
Association Recreation - Owned, Buyer Approval Required, Clubhouse, No Truck/RV/Motorcycle Parking, Playground, Pool, Sidewalks, Tennis Court(s), Street Lights
Cable Connected, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected, Water Source: Public
Slab
Road Surface: Concrete
Basketball Court, Playground, Rain Gutters, Sidewalk, Tennis Court(s)
Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s), Window Treatments
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Other equipment: Basketball Court, Irrigation Equipment, Playground
Building Details
Year Built
1989
Listing Agency:
KELLER WILLIAMS ON THE WATER
(941) 729-7400
Listed By:
Robert St. Jean · License #0575707
(941) 730-1291
Source:
Miharaandassociates
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 21 at 5:20AM
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 KELLER WILLIAMS ON THE WATER
Investment Insights
Based on property information with market context.
This short-term rental condo at 4420 46th Avenue W #202 in Bradenton was built in 1989 and features a comprehensive interior renovation. The unit includes crown molding throughout, updated flooring, new kitchen cabinetry, and new cabinetry in both bathrooms. An enclosed porch with four doors can be opened or closed, and its east-facing orientation provides sunrise exposure.
The property is part of Shorewalk, a condo-hotel community positioned beside a large pool and tennis courts. The unit has a 3-day rental limit, supporting short-term rental use within the community’s operating structure.
The property is part of Shorewalk, a condo-hotel community positioned beside a large pool and tennis courts. The unit has a 3-day rental limit, supporting short-term rental use within the community’s operating structure.
Key Highlights
- Renovated condo with new kitchen and bathroom cabinetry
- Enclosed porch with 4 doors and east‑facing sunrise exposure
- Crown molding throughout the unit
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
$14,205
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
4.82%
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%
$284,100
$284.1K
Cap Rate 7%
$202,929
$202.9K
Cap Rate 9%
$157,833
$157.8K
Market Conditions
NOI Build-Up for 1,174 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
$27.3K $23.28/SF
− Vacancy
−$1.5K −$1.28/SF
EGI
$25.8K $22.00/SF
− OpEx
−$11.6K −$9.90/SF
NOI
$14.2K $12.10/SF
Area
Manatee County, FL
Vacancy
5.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$284,100
Cap Rate 7%
$202,929
Cap Rate 9%
$157,833
Alternative Uses
Best Use
Apartment 5plus
$202.9K
$177.6K – $236.8K
NOI $14,205 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 34210, FL
16,447
Population
11,870
Households
1.4
Avg Household Size
54
Median Age
37%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
1,848
Density / Sq Mi
$64,306
Median Household Income
$37,216
Median Earnings
$1,552
Median Rent
$279,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Condo-hotel unit with an enclosed east-facing porch, updated kitchen and bathrooms, and access to pool and tennis amenities.
Where is this short term rental property located?
The property is located at 4420 46TH AVENUE W #202 Bradenton, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Renovated condo with new kitchen and bathroom cabinetry; Enclosed porch with 4 doors and east‑facing sunrise exposure; Crown molding throughout the unit
