Pond View Two-Bedroom
For Sale
$265,000
Pending
4425 45TH Ave W 101, Bradenton, FL 34210
Fully furnished two-bedroom, two-bath apartment with pond views in a resort-style community.
Property Size1,174 SF
Days on Market95
Property Features for 4425 45TH Ave W 101
General Information
Standard status
Pending
Size
1,174 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,500
Building Details
Building Size
1,174 SF
Year Built
1988
Stories
1
Listed By:
Jeffrey Swanson
(248) 938-1775
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Jul 23 at 10:21AM
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 Jeffrey Swanson
Investment Insights
Based on property information with market context.
This Shorewalk apartment is a 2-bedroom, 2-bath residence with a spacious, open layout and peaceful pond views. The unit is fully furnished and includes updates such as a newer AC and a dishwasher installed in 2026. The community has resort-style amenities, and the property also received a new roof in 2023.
Residents and guests can enjoy two pools and two hot tubs, along with a clubhouse offering pool billiards and Ping-Pong. Outdoor recreation includes a BBQ corner, two tennis/pickleball courts, and a playground. The property is described as being driving minutes to IMG Academy, with beaches on Anna Maria Island and Longboat Key about 10–15 minutes away. Shopping, dining, and two supermarkets are also within walking distance, along with bowling.
Designed to support flexible use, the apartment is positioned for short-term rentals, seasonal stays, or year-round enjoyment. With multiple on-site amenities and a furnished interior, it can fit buyers looking for a turnkey option within a well-equipped resort-style setting.
Residents and guests can enjoy two pools and two hot tubs, along with a clubhouse offering pool billiards and Ping-Pong. Outdoor recreation includes a BBQ corner, two tennis/pickleball courts, and a playground. The property is described as being driving minutes to IMG Academy, with beaches on Anna Maria Island and Longboat Key about 10–15 minutes away. Shopping, dining, and two supermarkets are also within walking distance, along with bowling.
Designed to support flexible use, the apartment is positioned for short-term rentals, seasonal stays, or year-round enjoyment. With multiple on-site amenities and a furnished interior, it can fit buyers looking for a turnkey option within a well-equipped resort-style setting.
Key Highlights
- Fully furnished 2‑bedroom, 2‑bath Shorewalk apartment with pond views
- Newer AC and dishwasher (2026) included
- Resort‑style community amenities: 2 pools and 2 hot tubs
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
5.36%
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 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Fully furnished two-bedroom, two-bath apartment with pond views in a resort-style community.
Where is this short term rental property located?
The property is located at 4425 45TH Ave W 101 Bradenton, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Fully furnished 2‑bedroom, 2‑bath Shorewalk apartment with pond views; Newer AC and dishwasher (2026) included; Resort‑style community amenities: 2 pools and 2 hot tubs
