Property profile

1212 South Airport Rd Traverse City, MI 49686

FOR SALE
Warehouses
Property ID
US43-Q011644
Built 1977
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Property summary

AI-generated overview

This expansive 12,156 square foot commercial space is now available for lease, offering an ideal solution for businesses seeking functionality, efficiency, and scalability. Designed with industrial and logistics operations in mind, the property features four convenient loading docks, allowing for seamless shipping, receiving, and distribution. The interior is equipped with industrial-sized shelving, maximizing storage capacity and streamlining warehouse organization. The open layout provides flexibility for a variety of uses, including warehousing, distribution, light manufacturing, or commercial operations. Offered as a Triple Net (NNN) lease, this property provides tenants with greater control over operating expenses while benefiting from a well-maintained and highly functional space. With ample square footage, efficient loading access, and robust storage infrastructure, this property is perfectly suited to support growing business needs. bikeScore: 71, Very Bikeable walkScore: 60, Somewhat Walkable

Property profile

Verified
Property type Warehouses
Year built 1977
UPID US43-Q011644

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store

Location

1212 South Airport Rd Traverse City, MI 49686
Traverse City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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