Storage Barn Unit with 14-Foot
For Sale
$114,900
13972 S Robinson Road, Traverse City, MI 49684
COMMERCIAL - Traverse City, MI
Property Size800 SF
Price / SF$143.63
Days on Market42
Property Features for 13972 S Robinson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Manufacture/Warehouse
Exterior features
Aluminum
Lot features
Industrial Park
Directions
Headed West on 72/E Traverse HYW - Complex is on the left just before S. Lautner Rd.
Subdivision
Leelanau
Standard status
Active
Size
800 SF
Taxes and HOA fees
Tax Description
Unit 6 Bob Bobs West Side Storage Condo Sec 35 T28N R12W 0.018 A M/L MD L1180 P813/1st AMEND L1237 P118
HOA Fee
$400 Annually
Legal Description
Unit 6 Bob Bobs West Side Storage Condo Sec 35 T28N R12W 0.018 A M/L MD L1180 P813/1st AMEND L1237 P118
Building Details
Building materials
Steel
Roof type
Metal
Listing Agency:
Monarch Real Estates, LLC
(231) 946-6014
Listed By:
Mary Eckler
(231) 645-8276
Added: Jul 2
Changed: Aug 4
Last Checked: Aug 12 at 2:06AM
MLS# 1947493
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale storage unit includes a private storage space with an entrance and off-street parking. The property features a 20-by-40 storage barn configuration with a 14-foot garage door designed to accommodate larger vehicles, trailers, boats, and RVs. Electricity is provided via utility access, supporting practical day-to-day use for storing and organizing personal or hobby items.
The unit is located at 13972 S. Robinson Road in Traverse City, MI 49684, in Leelanau County. The listing notes access to water and snow plowing as part of the community association services.
For hobbyists, collectors, and individuals needing dedicated storage for larger property, this unit’s high-clearance door and private access make it straightforward to load, store, and retrieve items. Off-street parking and electricity add convenience for routine organization inside the storage barn, while HOA dues cover snow plowing, electricity, and access to water as described in the remarks.
The unit is located at 13972 S. Robinson Road in Traverse City, MI 49684, in Leelanau County. The listing notes access to water and snow plowing as part of the community association services.
For hobbyists, collectors, and individuals needing dedicated storage for larger property, this unit’s high-clearance door and private access make it straightforward to load, store, and retrieve items. Off-street parking and electricity add convenience for routine organization inside the storage barn, while HOA dues cover snow plowing, electricity, and access to water as described in the remarks.
Key Highlights
- 800 SF storage unit at 13972 S. Robinson Rd., #6 in Traverse City
- 20x40 steel storage barn with 14‑ft metal garage door
- Private storage with dedicated entrance plus off‑street parking
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
$6,677
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
5.81%
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%
$133,540
$133.5K
Cap Rate 7%
$95,386
$95.4K
Cap Rate 9%
$74,189
$74.2K
Market Conditions
NOI Build-Up for 800 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
$10.4K $12.96/SF
− Vacancy
−$829 −$1.04/SF
EGI
$9.5K $11.92/SF
− OpEx
−$2.9K −$3.58/SF
NOI
$6.7K $8.35/SF
Area
Grand Traverse County, MI
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
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%
$133,540
Cap Rate 7%
$95,386
Cap Rate 9%
$74,189
Alternative Uses
Best Use
Self Storage
$95.4K
$83.5K – $111.3K
NOI $6,677 @ 7.0% cap · market cap 5.81%
Second Best
Warehouse
$90.9K
$79.6K – $106.1K
NOI $6,366 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - Private storage unit with off-street parking and electricity for boats, RVs, trailers, and other large items.
Where is this self storage facility located?
The property is located at 13972 S Robinson Road Traverse City, MI.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 800 SF storage unit at 13972 S. Robinson Rd., #6 in Traverse City; 20x40 steel storage barn with 14‑ft metal garage door; Private storage with dedicated entrance plus off‑street parking
