Flex Office Industrial
103 Harbor Dr Charlevoix, MI 49720
103 Harbor Dr, Charlevoix, MI, 49720
$488,000
For Sale
$488,000
Versatile flex space with an open floor plan, high ceilings, dedicated loading entrance, and off-street parking.
Property Size4,200 SF
Price / SF$116.19
Days on Market16
Property Features for 103 Harbor Dr
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Industrial, Office
Listing agency
Graham Real Estate
(231) 526-6251
Listed by
Slava Mykhayls
(231) 526-6251
Source
Cpix.resimplifi
Added: Jul 6 Updated: Jul 21 at 2:08AM Checked: Jul 21 at 3:12AM
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 Graham Real Estate
Investment Insights
Based on property information with market context.
Well-positioned commercial building in the City of Charlevoix near the entrance to the Charlevoix Airport. The space is configured with an open floor plan and high ceilings, offering flexible layout options for a range of commercial uses.
The property includes a dedicated loading and unloading entrance, city water and sewer, and natural gas radiant heat. Off-street parking is available for occupants and visitors.
With its versatile interior configuration and practical site features for move-in operations, this building supports both establishing and expanding a business within a high-visibility, accessible setting.
The property includes a dedicated loading and unloading entrance, city water and sewer, and natural gas radiant heat. Off-street parking is available for occupants and visitors.
With its versatile interior configuration and practical site features for move-in operations, this building supports both establishing and expanding a business within a high-visibility, accessible setting.
Key Highlights
- Well‑positioned commercial building in the City of Charlevoix near the entrance to Charlevoix Airport
- Open floor plan with high ceilings and versatile space for a wide range of commercial uses
- Dedicated loading/unloading entrance for easier deliveries and access
Local 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 | $70.6k | $16.80 |
| − Vacancy | −$15.5k | −$3.70 |
| EGI | $55.0k | $13.10 |
| − OpEx | −$13.8k | −$3.28 |
| NOI | $41.3k | $9.83 |
4,200 SF · lease $16.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$589.7K
$516.0K – $688.0K
NOI $41,278 @ 7.0% cap · market cap 8.46%
Second Best
Flex RnD
$573.9K
$502.2K – $669.5K
NOI $40,172 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$850.2K
$743.9K – $991.9K
NOI $59,512 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile flex space with an open floor plan, high ceilings, dedicated loading entrance, and off-street parking.
Where is this flex space located?
The property is located at 103 Harbor Dr Charlevoix, MI.
What is the asking price?
The asking price for this property is $488,000.
What are key features of this property?
This property features: Well‑positioned commercial building in the City of Charlevoix near the entrance to Charlevoix Airport; Open floor plan with high ceilings and versatile space for a wide range of commercial uses; Dedicated loading/unloading entrance for easier deliveries and access
