Office-Warehouse Flex
876 Robinwood Court Traverse City, MI 49686
For Sale
$550,000
COMMERCIAL - Traverse City, MI
Property Size4,568 SF
Lot Size0.35 Acres
Price / SF$120.40
Days on Market25
Property Features for 876 Robinwood Court
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Wood
Standard status
Active
Size
4,568 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
LOT 94 ARBUTUS SUBD NO 3.
Utilities
Water source
Private
Building Details
Building materials
Frame
Roof type
Asphalt
Listing Agency:
Three West, LLC
(231) 929-2955
Listed By:
Bill Somerville · License #6501400610
(231) 620-2128
Added: Jul 6
Last Checked: Jul 30 at 8:06AM
MLS# 1947633
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 in-town office-warehouse flex property includes two office areas totaling 984 square feet and three adjoining warehouse areas totaling 3,584 square feet. Each warehouse area has its own overhead door, supporting practical move-in and loading needs. The building is also equipped with four restrooms, including one with a shower, plus 220V power and multiple water connection locations.
The property is located at 876 Robinwood Court in Traverse City, MI, on a 0.35-acre lot. Tenant leases are month-to-month, and the current occupants would extend if the buyer does not require all available space.
The layout is well suited for businesses that need both work space and nearby storage or light operational space, particularly given the General Mixed-Use Industrial Business (I-G) zoning. That zoning supports a variety of uses, including live/work, which can align with owner-occupants or operators looking for flexibility while maintaining direct access between office and warehouse areas.
The property is located at 876 Robinwood Court in Traverse City, MI, on a 0.35-acre lot. Tenant leases are month-to-month, and the current occupants would extend if the buyer does not require all available space.
The layout is well suited for businesses that need both work space and nearby storage or light operational space, particularly given the General Mixed-Use Industrial Business (I-G) zoning. That zoning supports a variety of uses, including live/work, which can align with owner-occupants or operators looking for flexibility while maintaining direct access between office and warehouse areas.
Key Highlights
- In‑town office/warehouse property in Traverse City off Barlow St
- Includes 2 office areas totaling 984 sq ft plus 3 adjoining warehouse areas totaling 3,584 sq ft
- Each warehouse has an overhead door; parking lot on‑site
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.7k | $16.80 |
| − Vacancy | −$11.5k | −$2.52 |
| EGI | $65.2k | $14.28 |
| − OpEx | −$16.3k | −$3.57 |
| NOI | $48.9k | $10.71 |
4,568 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$698.9K
$611.5K – $815.4K
NOI $48,923 @ 7.0% cap · market cap 8.90%
Second Best
Flex RnD
$672.2K
$588.2K – $784.2K
NOI $47,054 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$992.3K
$868.3K – $1.16M
NOI $69,463 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Grandview Catering — 1249 Woodmere Ave, Traverse City, MI 49686
Frequently Asked Questions
What type of property is this?
Flex space - In-town flex space combining offices and overhead-door warehouse bays with mixed-use I-G zoning for live/work options.
Where is this flex space located?
The property is located at 876 Robinwood Court Traverse City, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: In‑town office/warehouse property in Traverse City off Barlow St; Includes 2 office areas totaling 984 sq ft plus 3 adjoining warehouse areas totaling 3,584 sq ft; Each warehouse has an overhead door; parking lot on‑site
