Corner Short-Term Rental
For Sale
$259,000
4601 46TH STREET COURT W #201, Bradenton, FL 34210
Two-bedroom condominium with a private lanai, resort amenities, and access to Shorewalk’s rental pool.
Property Size1,174 SF
Price / SF$220.61
Days on Market13
Property Features for 4601 46TH STREET COURT W #201
General Information
Standard status
Active
Size
1,174 SF
Property subtype
Condo - Hotel
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Amenities
two swimming pools with hot tubs
tennis and pickleball courts
beautifully maintained grounds
Building Details
Year Built
1987
Listing Agency:
CENTURY 21 BEGGINS ENTERPRISES
(813) 658-2121
Listed By:
Yvon Rocca · License #3347092
(941) 914-5374
Source:
Dennisrealty
Added: Sep 9
Changed: Sep 20
Last Checked: Sep 21 at 7:00AM
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 1,174-square-foot corner condominium at Shorewalk Vacation Villas includes 2 bedrooms and 2 bathrooms, along with a bright living and dining area and a private lanai. Built in 1987, the residence is positioned for vacation use, seasonal occupancy, or short-term rental operation, with the possibility of joining the Shorewalk Rental Pool.
Community amenities include two swimming pools with hot tubs, tennis and pickleball courts, and maintained grounds. The property is in Bradenton, 15 minutes from the beaches, and approximately 25 driving minutes from Sarasota Airport. Tampa International Airport is about 70 minutes away, while Orlando is approximately 2 to 2 1/2 hours by car, depending on traffic.
Community amenities include two swimming pools with hot tubs, tennis and pickleball courts, and maintained grounds. The property is in Bradenton, 15 minutes from the beaches, and approximately 25 driving minutes from Sarasota Airport. Tampa International Airport is about 70 minutes away, while Orlando is approximately 2 to 2 1/2 hours by car, depending on traffic.
Key Highlights
- 1,174‑square‑foot condominium with 2 bedrooms and 2 bathrooms
- Corner residence with a private lanai
- Two swimming pools with 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
5.48%
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 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$345.2K
$302.1K – $402.8K
NOI $24,167 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
949
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 - Two-bedroom condominium with a private lanai, resort amenities, and access to Shorewalk’s rental pool.
Where is this short term rental property located?
The property is located at 4601 46TH STREET COURT W #201 Bradenton, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,174‑square‑foot condominium with 2 bedrooms and 2 bathrooms; Corner residence with a private lanai; Two swimming pools with hot tubs
