Dental Medical Office
New
For Sale
$500,000
10748 E Traverse Highway, Traverse City, MI 49684
Configured for a dental practice, the property carries C-O Commercial Office zoning and includes on-site parking.
Property Size1,800 SF
Days on Market7
Property Features for 10748 E Traverse Highway
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Office
Zoning
C-O
Taxes and HOA fees
Annual Taxes
$11,053
Building Details
Building Size
1,800 SF
Year Built
2004
Listing Agency:
Century 21 Northland
Listed By:
David Wilsey · License #6501381559
(231) 357-7967
Source:
Themittengroup
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 13 at 12:39AM
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 Century 21 Northland
Investment Insights
Based on property information with market context.
Built in 2004, this medical office property is arranged for a dental practice, with on-site parking for staff and visitors. Its C-O Commercial Office zoning supports the property’s office classification.
The Tart Trail provides a connection toward downtown, with multiple beaches nearby.
The Tart Trail provides a connection toward downtown, with multiple beaches nearby.
Key Highlights
- Existing layout is configured for a dental practice
- C‑O Commercial Office zoning
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,733
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,660
$514.7K
Cap Rate 7%
$367,614
$367.6K
Cap Rate 9%
$285,922
$285.9K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.9K $26.04/SF
− Vacancy
−$4.0K −$2.21/SF
EGI
$42.9K $23.83/SF
− OpEx
−$17.2K −$9.53/SF
NOI
$25.7K $14.30/SF
Area
Grand Traverse County, MI
Vacancy
8.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$514,660
Cap Rate 7%
$367,614
Cap Rate 9%
$285,922
Alternative Uses
Best Use
Healthcare Medical
$367.6K
$321.7K – $428.9K
NOI $25,733 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$275.4K
$241.0K – $321.3K
NOI $19,278 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for a dental practice, the property carries C-O Commercial Office zoning and includes on-site parking.
Where is this medical office space located?
The property is located at 10748 E Traverse Highway Traverse City, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Existing layout is configured for a dental practice; C‑O Commercial Office zoning; Built in 2004
