Harbour View Centre Office
333 W Grandview Parkway Traverse City, MI 49684
333 W Grandview Parkway, Traverse City, MI, 49684
$375,000
Pending
For Sale
$375,000
Pending
1210 sq ft white box office with bay views.
Property Size1,210 SF
Lot Size1.65 Acres
Days on Market1114
Property Features for 333 W Grandview Parkway
General Information
- Standard status
- Pending
- Size
- 1,210 SF
- Lot size
- 1.65 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2002
Listing Agency
Three West, LLC
(231) 534-5225
Listed by
Kevin L Endres · License #6502377374
(231) 534-5225
Source
Exitrealty
Added: Jun 30, 2023 Checked: Jul 17 at 5:28 am
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 Three West, LLC
Investment Insights
Based on property information with market context.
This is a 1210 sq ft white box office space located on the third floor of the Harbour View Centre. The Class A building features high-quality finishes and a professional setting. Large windows provide natural light, and high ceilings enhance the sense of space. The western wall of windows offers views of West Grand Traverse Bay. Condo association dues are $330.63 per month. Use Exclusions exist for Financial Institutions. No residential short term rentals are allowed.
Key Highlights
- Prime "white box" office space (1210 sq ft) in a Class A building.
- Located in the Harbour View Centre.
- Large windows with views of West Grand Traverse Bay.
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 | $20.3k | $16.80 |
| − Vacancy | −$3.0k | −$2.52 |
| EGI | $17.3k | $14.28 |
| − OpEx | −$4.3k | −$3.57 |
| NOI | $13.0k | $10.71 |
1,210 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$185.1K
$162.0K – $216.0K
NOI $12,959 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.9K
$230.0K – $306.7K
NOI $18,400 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jay Tompkins
Foster Care Service
Merrill Lynch Wealth ...
Financial Advisor
Home Service Delivery ...
Trucking Company
Merrill Lynch Wealth ...
Financial Advisor
Traverse City State ...
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 1210 sq ft white box office with bay views.
Where is this office units located?
The property is located at 333 W Grandview Parkway Traverse City, MI.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime "white box" office space (1210 sq ft) in a Class A building.; Located in the Harbour View Centre.; Large windows with views of West Grand Traverse Bay.
