10491 Brewery Creek Lane Traverse City, MI 49684
21' X 60' heated storage unit in Elmwood Township.
Property Features for 10491 Brewery Creek Lane
General Information
- Standard status
- Active
- Size
- 1,260 SF
- Property subtype
- Mixed Use
Listing office Coldwell Banker Commercial Schmidt, Realtors Traverse City
Listing date May 15, 2021
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Schmidt, Realtors Traverse City
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location near multiple marinas (Harbor West, Center Point, Elmwood, Greilickville Harbor) offering convenient access for boat and RV owners.
- Large 21' X 60' heated storage unit suitable for boats and RVs.
- Features an 18' X 22' overhead insulated door, concrete floor with drain, and 100 AMP electrical panel with 30 AMP service.
Local Financial Insights For Self Storage
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 | $16.3k | $12.96 |
| − Vacancy | −$1.3k | −$1.04 |
| EGI | $15.0k | $11.92 |
| − OpEx | −$4.5k | −$3.58 |
| NOI | $10.5k | $8.35 |
