Warehouse Storage
For Sale
$114,900
13972 S Robinson Rd, Traverse City, MI 49684
Private storage space with utility access, off-street parking, and a high-clearance garage door for oversized vehicles.
Property Size800 SF
Price / SF$143.63
Days on Market38
Property Features for 13972 S Robinson Rd
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Warehouse & Industrial
Warehouse Space
800 SF
Drive-In Doors
1
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2013
Listing Agency:
Monarch Real Estates, LLC
Listed By:
Mary K Eckler
(231) 645-8276
Source:
Vmrealestatemichigan
Added: Aug 18
Changed: Sep 15
Last Checked: Sep 24 at 11:17AM
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 Monarch Real Estates, LLC
Investment Insights
Based on property information with market context.
This 800-square-foot warehouse storage unit at 13972 S Robinson Rd, #6, provides a dedicated interior space with a private entrance and off-street parking. The property includes a 20-by-40-foot storage barn with a 12-foot garage door, accommodating large vehicles, trailers, boats, and RVs. Electricity is available at the space, with access to water also provided.
Built in 2013, the property is located in Solon Township, Michigan, near local amenities. Its combination of enclosed storage, utility access, vehicle accommodation, and private entry supports a range of personal storage and collector-oriented uses.
Built in 2013, the property is located in Solon Township, Michigan, near local amenities. Its combination of enclosed storage, utility access, vehicle accommodation, and private entry supports a range of personal storage and collector-oriented uses.
Key Highlights
- 800‑square‑foot warehouse storage space
- 20‑by‑40‑foot storage barn
- 12‑foot garage door accommodates large vehicles, trailers, boats, and RVs
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
$6,677
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
5.81%
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%
$133,540
$133.5K
Cap Rate 7%
$95,386
$95.4K
Cap Rate 9%
$74,189
$74.2K
Market Conditions
NOI Build-Up for 800 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
$10.4K $12.96/SF
− Vacancy
−$829 −$1.04/SF
EGI
$9.5K $11.92/SF
− OpEx
−$2.9K −$3.58/SF
NOI
$6.7K $8.35/SF
Area
Grand Traverse County, MI
Vacancy
8.00%
Lease Rate
$12.96 /SF/Yr
Expense Ratio
30.00%
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%
$133,540
Cap Rate 7%
$95,386
Cap Rate 9%
$74,189
Alternative Uses
Best Use
Self Storage
$95.4K
$83.5K – $111.3K
NOI $6,677 @ 7.0% cap · market cap 5.81%
Second Best
Warehouse
$90.9K
$79.6K – $106.1K
NOI $6,366 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$173.8K
$152.1K – $202.8K
NOI $12,165 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Private storage space with utility access, off-street parking, and a high-clearance garage door for oversized vehicles.
Where is this warehouse located?
The property is located at 13972 S Robinson Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $114,900.
What are key features of this property?
This property features: 800‑square‑foot warehouse storage space; 20‑by‑40‑foot storage barn; 12‑foot garage door accommodates large vehicles, trailers, boats, and RVs
