Flexible Industrial Condo
3903 Blair Valley Rd Traverse City, MI 49685
For Sale
$199,000
Versatile 1,175-sq-ft condo with 16-ft ceilings, a 14-ft overhead door, and a half bath in Blair Valley Business Center.
Property Size1,175 SF
Price / SF$169.36
Days on Market12
Property Features for 3903 Blair Valley Rd
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Commercial
Building Details
Year Built
2021
Listing Agency:
Re/max Bayshore Properties
(231) 883-7570
Listed By:
BJ Brick · License #6501378609
(231) 883-7570
Source:
Elliman
Added: Jul 19
Changed: Jul 20
Last Checked: Jul 29 at 8:04AM
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 Re/max Bayshore Properties
Investment Insights
Based on property information with market context.
This flexible commercial condo is located within the Blair Valley Business Center and offers adaptable warehouse/industrial-style space built in 2021. The unit features 16-ft ceilings, a 14-ft overhead door, and a half bath, with durable vinyl, wood, and steel construction under metal roofing. Heating is provided by natural gas/electric, and the property is served by municipal water and sewer, supported by a slab foundation with an exterior entrance.
The business center is about one block off US-31 South, with paved common parking. Zoning permits industrial, office, commercial, warehouse, and restaurant/food uses.
Offered for sale as an owner-occupied or investment property, this condo is a practical option for businesses needing flexible indoor space with overhead access.
The business center is about one block off US-31 South, with paved common parking. Zoning permits industrial, office, commercial, warehouse, and restaurant/food uses.
Offered for sale as an owner-occupied or investment property, this condo is a practical option for businesses needing flexible indoor space with overhead access.
Key Highlights
- Flexible 1,175 sq ft commercial condo in Blair Valley Business Center, built in 2021
- 16‑ft ceilings and a 14‑ft overhead door for accommodating a range of commercial uses
- Half bath plus durable vinyl, wood, and steel construction with metal roofing
Financial Insights For Flex RnD
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 | $20.0k | $17.04 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $18.6k | $15.85 |
| − OpEx | −$6.5k | −$5.55 |
| NOI | $12.1k | $10.30 |
1,175 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$172.9K
$151.3K – $201.7K
NOI $12,103 @ 7.0% cap · market cap 6.08%
Second Best
Warehouse
$133.6K
$116.9K – $155.9K
NOI $9,351 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Versatile 1,175-sq-ft condo with 16-ft ceilings, a 14-ft overhead door, and a half bath in Blair Valley Business Center.
Where is this flex space located?
The property is located at 3903 Blair Valley Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Flexible 1,175 sq ft commercial condo in Blair Valley Business Center, built in 2021; 16‑ft ceilings and a 14‑ft overhead door for accommodating a range of commercial uses; Half bath plus durable vinyl, wood, and steel construction with metal roofing
