High-Ceiling Office
1-3819 4 Mile Rd N Traverse City, MI 49696
1-3819 4 Mile Rd N, Traverse City, MI, 49696
$329,000
For Sale
$329,000
Well-maintained office condo in a newer professional building with high ceilings and exceptionally clean interior space.
Property Size1,600 SF
Price / SF$205.63
Days on Market17
Property Features for 1-3819 4 Mile Rd N
General Information
- Standard status
- Active
- Size
- 1,600 SF
Listing agency
REO-TCRandolph-233022
(231) 714-4787
Listed by
Blake Bernard · License #6501380347
(231) 714-4787
Source
Exprealty
Added: Jul 6 Updated: Jul 21 at 10:11PM Checked: Jul 22 at 8:08AM
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 REO-TCRandolph-233022
Investment Insights
Based on property information with market context.
This well-maintained commercial condo is located in a newer, professional building and offers an exceptionally clean, versatile office space. The unit features high ceilings and is suitable for medical, professional, or other office uses.
Set within a small commercial complex, the property includes ample parking and offers easy access. It’s positioned on Traverse City’s east side, just minutes from the waterfront, and sits directly off the TART Trail for client and employee convenience.
Overall, the space presents a straightforward, move-in-ready office option within a purpose-built commercial setting with parking and accessible surroundings.
Set within a small commercial complex, the property includes ample parking and offers easy access. It’s positioned on Traverse City’s east side, just minutes from the waterfront, and sits directly off the TART Trail for client and employee convenience.
Overall, the space presents a straightforward, move-in-ready office option within a purpose-built commercial setting with parking and accessible surroundings.
Key Highlights
- Well‑maintained office condo in a newer professional building
- High ceilings and exceptionally clean interior office space
- Versatile layout suited for medical, professional, or other office uses
Local Financial Insights For Healthcare Medical
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 | $41.7k | $26.04 |
| − Vacancy | −$3.5k | −$2.21 |
| EGI | $38.1k | $23.83 |
| − OpEx | −$15.2k | −$9.53 |
| NOI | $22.9k | $14.30 |
1,600 SF · lease $26.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$326.8K
$285.9K – $381.2K
NOI $22,874 @ 7.0% cap · market cap 6.95%
Second Best
Office B
$244.8K
$214.2K – $285.6K
NOI $17,136 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$347.6K
$304.1K – $405.5K
NOI $24,330 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Well-maintained office condo in a newer professional building with high ceilings and exceptionally clean interior space.
Where is this office units located?
The property is located at 1-3819 4 Mile Rd N Traverse City, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Well‑maintained office condo in a newer professional building; High ceilings and exceptionally clean interior office space; Versatile layout suited for medical, professional, or other office uses
