5932 Storage Loop Drive, Traverse City, MI 49685
Storage site condominium development with easy access and commercial zoning.
- Added:
- Mar 12, 2026
- Days on Market:
- 106
- Last Refresh:
- Apr 6 at 12:05 am
Property Features for 5932 Storage Loop Drive
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2024
Listing office CENTURY 21 Northland (231) 929-7900
Listing date Mar 12, 2026
Source Exitrealty
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
HighLights
- 40 x 60 Storage Unit with 16 FT Sidewalls
- Excellent Location: Easy access off US 31 and West Silver Lake Road
- Two 14' x 14' Insulated Overhead Doors
- Finished Bathroom Included
- Insulated Walls and Ceiling with Natural Gas Heat
- Extra Wide Asphalt Driveway
Overview
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 | $31.1k | $12.96 |
| − Vacancy | −$2.5k | −$1.04 |
| EGI | $28.6k | $11.92 |
| − OpEx | −$8.6k | −$3.58 |
| NOI | $20.0k | $8.35 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Traverse City
- County
- Grand Traverse
- State
- Michigan
- Longitude
- -85.6206
- Latitude
- 44.7632