Flex Industrial Condo with Overhead
10-3903 Blair Valley Rd Traverse City, MI 49685
For Sale
$199,000
Flex condo with 16-ft ceilings and a 14-ft overhead door, plus a half bath, built in 2021 within Blair Valley Business Center.
Property Size1,175 SF
Price / SF$169.36
Days on Market14
Property Features for 10-3903 Blair Valley Rd
General Information
Standard status
Active
Size
1,175 SF
Listing Agency:
REMAX Bayshore - West Shore Dr TC
(231) 883-7570
Listed By:
BJ Brick · License #6501378609
(231) 883-7570
Source:
Exprealty
Added: Jul 16
Changed: Jul 22
Last Checked: Jul 29 at 1:32PM
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 REMAX Bayshore - West Shore Dr TC
Investment Insights
Based on property information with market context.
This for-sale flex industrial condo is part of the Blair Valley Business Center and was built in 2021. The unit offers 16-ft ceilings, a 14-ft overhead door, and a half bath, with durable vinyl, wood, and steel construction under metal roofing. Utilities include natural gas/electric heat, with municipal water and sewer. The space sits on a slab foundation and has an exterior entrance, supported by paved common parking.
The property is located one block off US-31 South, placing it minutes from Chums Corner, the airport, and downtown.
Zoning allows industrial, office, commercial, warehouse, and restaurant/food uses, supporting a versatile range of business needs for an owner-occupied or operational setup.
The property is located one block off US-31 South, placing it minutes from Chums Corner, the airport, and downtown.
Zoning allows industrial, office, commercial, warehouse, and restaurant/food uses, supporting a versatile range of business needs for an owner-occupied or operational setup.
Key Highlights
- 1,175 SF flex commercial condo in Blair Valley Business Center, built in 2021
- 16‑ft ceilings with a 14‑ft overhead door for flexible showroom, warehouse, and service use
- Includes a half bath and exterior entrance
Financial Insights For Flex RnD
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 | $20.0k | $17.04 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $18.6k | $15.85 |
| − OpEx | −$6.5k | −$5.55 |
| NOI | $12.1k | $10.30 |
1,175 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$172.9K
$151.3K – $201.7K
NOI $12,103 @ 7.0% cap · market cap 6.08%
Second Best
Warehouse
$133.6K
$116.9K – $155.9K
NOI $9,351 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex condo with 16-ft ceilings and a 14-ft overhead door, plus a half bath, built in 2021 within Blair Valley Business Center.
Where is this flex space located?
The property is located at 10-3903 Blair Valley Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,175 SF flex commercial condo in Blair Valley Business Center, built in 2021; 16‑ft ceilings with a 14‑ft overhead door for flexible showroom, warehouse, and service use; Includes a half bath and exterior entrance
