Warehouse Unit with In-Floor
For Sale
$129,000
13715 Clark Road Unit 14, Charlevoix, MI 49720
New pole barn warehouse unit with electronic gate access, security fencing, and in-floor heat.
Property Size896 SF
Price / SF$143.97
Days on Market299
Property Features for 13715 Clark Road Unit 14
General Information
Standard status
Active
Size
896 SF
Property subtype
Lot
Additional Details
Fenced Yard
Yes
Drive-In Doors
1
Listing Agency:
Berkshire Hathaway HomeServices Real Estate
Listed By:
Matthew Murray · License #6501441581
(231) 675-3730
Source:
Patobrien
Added: Nov 10, 2025
Changed: Sep 2
Last Checked: Sep 5 at 5:44AM
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 Berkshire Hathaway HomeServices Real Estate
Investment Insights
Based on property information with market context.
Unit 14 is a new pole barn warehouse to be built with a shared wall to unit 15. The building is planned to come completely finished, including electric service, LED lighting, in-floor heat, full metal interior walls, and an electronic overhead door.
The new association will feature a paved drive with an electronic gate, security fence, and community water. The property is close to town and the city launch ramp.
Completion is targeted before fall of 2026, and certain building changes or upgrades may be available upon buyer request. Seller financing is also available.
The new association will feature a paved drive with an electronic gate, security fence, and community water. The property is close to town and the city launch ramp.
Completion is targeted before fall of 2026, and certain building changes or upgrades may be available upon buyer request. Seller financing is also available.
Key Highlights
- New pole barn warehouse unit 14 planned as a 28' x 32' building with a shared wall to unit 15
- Association has a paved drive with electronic gate access and security fencing
- Community water provided for the association
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,827
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$136,540
$136.5K
Cap Rate 7%
$97,529
$97.5K
Cap Rate 9%
$75,856
$75.9K
Market Conditions
NOI Build-Up for 896 SF
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.
Gross rent
$8.9K $9.96/SF
− Vacancy
−$892 −$1.00/SF
EGI
$8.0K $8.96/SF
− OpEx
−$1.2K −$1.34/SF
NOI
$6.8K $7.62/SF
Area
Charlevoix County, MI
Vacancy
10.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$136,540
Cap Rate 7%
$97,529
Cap Rate 9%
$75,856
Alternative Uses
Best Use
Warehouse
$97.5K
$85.3K – $113.8K
NOI $6,827 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$181.4K
$158.7K – $211.6K
NOI $12,696 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49720, MI
9,127
Population
6,236
Households
1.5
Avg Household Size
52
Median Age
38%
College-Educated
97%
High-School Grad
95.5 sq mi
ZIP Area
96
Density / Sq Mi
$76,127
Median Household Income
$41,563
Median Earnings
$985
Median Rent
$265,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Walstrom Marine — 6472 M-66 N, Charlevoix, MI 49720
- National Storage — 6600 M-66, Charlevoix, MI 49720
Frequently Asked Questions
What type of property is this?
Warehouse - New pole barn warehouse unit with electronic gate access, security fencing, and in-floor heat.
Where is this warehouse located?
The property is located at 13715 Clark Road Unit 14 Charlevoix, MI.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: New pole barn warehouse unit 14 planned as a 28' x 32' building with a shared wall to unit 15; Association has a paved drive with electronic gate access and security fencing; Community water provided for the association
