Furnished Short-Term Rental
New
For Sale
$255,000
4510 47TH AVENUE W #203, Bradenton, FL 34210
Second-floor furnished residence with a screened lanai, partial pond view, and access to extensive community amenities.
Property Size1,174 SF
Price / SF$217.21
Days on Market4
Property Features for 4510 47TH AVENUE W #203
General Information
Standard status
Active
Size
1,174 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Amenities
screened lanai
pool
hot tub
tennis
pickleball
clubhouse
Building Details
Year Built
1990
Listing Agency:
CENTURY 21 BEGGINS ENTERPRISES
(813) 658-2121
Listed By:
Yvon Rocca · License #3347092
(941) 914-5374
Source:
Endlesssummerrealty
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 24 at 9:19AM
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 CENTURY 21 BEGGINS ENTERPRISES
Investment Insights
Based on property information with market context.
This furnished second-floor condo at Shorewalk offers 2 bedrooms and 2 bathrooms within 1,174 square feet. The residence includes comfortable living areas and a screened lanai overlooking a partial pond view. Major system updates include an A/C installed in 2024 and a water heater added in 2022. Built in 1990, the property is offered with its furnishings in place.
Shorewalk provides two pools, two hot tubs, tennis courts, pickleball, and a clubhouse. The condo is located at 4510 47th Avenue W #203 in Bradenton, with beaches, shopping, and dining nearby. Its furnished setup and community amenities support use as a seasonal residence, full-time home, or short-term rental property.
Shorewalk provides two pools, two hot tubs, tennis courts, pickleball, and a clubhouse. The condo is located at 4510 47th Avenue W #203 in Bradenton, with beaches, shopping, and dining nearby. Its furnished setup and community amenities support use as a seasonal residence, full-time home, or short-term rental property.
Key Highlights
- 2‑bedroom, 2‑bathroom furnished condo at Shorewalk
- 1,174 square feet on the second floor
- Screened lanai with a partial pond view
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
5.57%
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 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
903
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 - Second-floor furnished residence with a screened lanai, partial pond view, and access to extensive community amenities.
Where is this short term rental property located?
The property is located at 4510 47TH AVENUE W #203 Bradenton, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom furnished condo at Shorewalk; 1,174 square feet on the second floor; Screened lanai with a partial pond view
