Office Suite with Reception
For Sale
$165,000
111-4020 Copper Vw, Traverse City, MI 49684
Office suite offers a reception area, two private offices, kitchenette, and an open work room.
Property Size716 SF
Price / SF$230.45
Days on Market144
Property Features for 111-4020 Copper Vw
General Information
Standard status
Active
Size
716 SF
Total Parking Spaces
1
Additional Details
Furnished
Yes
Listing Agency:
Phoenix Property Partners
Listed By:
Ashley Rokos · License #6502424094
(231) 342-3775
Source:
Exprealty
Added: Jun 16
Changed: Nov 1
Last Checked: Nov 4 at 5:30PM
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 Phoenix Property Partners
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Investment Insights
Based on property information with market context.
This for-sale office suite in Copper Ridge Professional Center includes a reception area, two private offices, a kitchenette, and an open work room. Office furniture is included in the sale, including a reception desk, two wood desks, and two credenzas with chairs. The suite also comes with one designated parking space in the lower level parking garage.
Copper Ridge is described as having first-class level finishes and grounds, with convenience to Munson and downtown Traverse City. The property benefits from abundant parking intended to support both client and owner access.
The space is configured for reception and private work alongside an open work area, making it suitable for an owner-occupant looking to combine client-facing and day-to-day office functions in a single suite.
Copper Ridge is described as having first-class level finishes and grounds, with convenience to Munson and downtown Traverse City. The property benefits from abundant parking intended to support both client and owner access.
The space is configured for reception and private work alongside an open work area, making it suitable for an owner-occupant looking to combine client-facing and day-to-day office functions in a single suite.
Key Highlights
- Owner‑occupied office suite in Copper Ridge Professional Center
- Includes reception area, two private offices, kitchenette, and an open work room
- Office furniture included: reception desk, two wood desks, two credenzas, and chairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,668
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,360
$153.4K
Cap Rate 7%
$109,543
$109.5K
Cap Rate 9%
$85,200
$85.2K
Market Conditions
NOI Build-Up for 716 SF
Gross rent
$12.0K $16.80/SF
− Vacancy
−$1.8K −$2.52/SF
EGI
$10.2K $14.28/SF
− OpEx
−$2.6K −$3.57/SF
NOI
$7.7K $10.71/SF
Area
Grand Traverse County, MI
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,360
Cap Rate 7%
$109,543
Cap Rate 9%
$85,200
Alternative Uses
Best Use
Office B
$109.5K
$95.9K – $127.8K
NOI $7,668 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$155.5K
$136.1K – $181.5K
NOI $10,888 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite offers a reception area, two private offices, kitchenette, and an open work room.
Where is this office unit located?
The property is located at 111-4020 Copper Vw Traverse City, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Owner‑occupied office suite in Copper Ridge Professional Center; Includes reception area, two private offices, kitchenette, and an open work room; Office furniture included: reception desk, two wood desks, two credenzas, and chairs
