New Finished Warehouse
For Sale
$129,000
13715 Clark Road Unit 14, Charlevoix, MI 49720
Planned warehouse unit with secured access, finished interiors, heating, lighting, and an electronic overhead door.
Property Size896 SF
Price / SF$143.97
Days on Market282
Property Features for 13715 Clark Road Unit 14
General Information
Standard status
Active
Size
896 SF
Property subtype
Lots/Land
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Building Details
Construction
pole barn
Listing Agency:
Berkshire Hathaway HomeServices Real Estate
(231) 675-3730
Listed By:
Matthew Murray · License #6501441581
(231) 675-3730
Source:
Patobrien
Added: Nov 10, 2025
Changed: Aug 11
Last Checked: Aug 11 at 3:32AM
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 planned as a new 28' x 32' pole-barn warehouse with a shared wall adjoining Unit 15. The building is scheduled for completion before fall 2026 and will be delivered with electric service, LED lighting, in-floor heat, full metal interior walls, and an electronic overhead door.
The property will be served by a paved drive, electronic entry gate, security fencing, and community water. Its setting provides access to town and a city launch ramp, while the finished configuration offers a ready-to-use warehouse format with durable interior materials and essential building systems already incorporated.
The property will be served by a paved drive, electronic entry gate, security fencing, and community water. Its setting provides access to town and a city launch ramp, while the finished configuration offers a ready-to-use warehouse format with durable interior materials and essential building systems already incorporated.
Key Highlights
- 28' x 32' planned pole‑barn warehouse unit
- Shared wall with Unit 15
- Full metal interior walls with LED lighting
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
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
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
- National Storage — 6600 M-66, Charlevoix, MI 49720
- Walstrom Marine — 6472 M-66 N, Charlevoix, MI 49720
Frequently Asked Questions
What type of property is this?
Warehouse - Planned warehouse unit with secured access, finished interiors, heating, lighting, and an electronic overhead door.
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: 28' x 32' planned pole‑barn warehouse unit; Shared wall with Unit 15; Full metal interior walls with LED lighting
