Office Suite with Reception
111-4020 Copper Vw Traverse City, MI 49684
111-4020 Copper Vw, Traverse City, MI, 49684
$165,000
For Sale
$165,000
Office suite offers a reception area, two private offices, kitchenette, and an open work room.
Property Size716 SF
Price / SF$230.45
Days on Market38
Property Features for 111-4020 Copper Vw
General Information
- Standard status
- Active
- Size
- 716 SF
Listing agency
Phoenix Property Partners
(231) 342-3775
Listed by
Ashley Rokos · License #6502424094
(231) 342-3775
Source
Exprealty
Added: Jun 16 Updated: Jul 22 at 12:02PM Checked: Jul 22 at 12:02PM
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
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
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 | $12.0k | $16.80 |
| − Vacancy | −$1.8k | −$2.52 |
| EGI | $10.2k | $14.28 |
| − OpEx | −$2.6k | −$3.57 |
| NOI | $7.7k | $10.71 |
716 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office suite offers a reception area, two private offices, kitchenette, and an open work room.
Where is this office units 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
