Steel Storage Warehouse with Garage
For Sale
$114,900
13972 S Robinson Road, Traverse City, MI 49684
Commercial, Traverse City, MI
Property Size800 SF
Price / SF$143.63
Days on Market8
Property Features for 13972 S Robinson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Manufacture/Warehouse
Exterior features
Aluminum
Lot features
Industrial Park
Directions
Headed West on 72/E Traverse HYW - Complex is on the left just before S. Lautner Rd.
Subdivision
Leelanau
Standard status
Active
Size
800 SF
Taxes and HOA fees
Tax Description
Unit 6 Bob Bobs West Side Storage Condo Sec 35 T28N R12W 0.018 A M/L MD L1180 P813/1st AMEND L1237 P118
HOA Fee
$400 Annually
Legal Description
Unit 6 Bob Bobs West Side Storage Condo Sec 35 T28N R12W 0.018 A M/L MD L1180 P813/1st AMEND L1237 P118
Building Details
Building materials
Steel
Roof type
Metal
Listing Agency:
Monarch Real Estates, LLC
(231) 946-6014
Listed By:
Mary Eckler
(231) 645-8276
Added: Sep 1
Last Checked: Sep 8 at 10:06PM
MLS# 1950070
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 800-square-foot warehouse includes a 20-by-40-foot storage barn, private entry, and off-street parking. Steel construction, aluminum exterior features, and a metal roof provide the core building materials. A 12-foot garage door accommodates large vehicles, trailers, boats, and RVs. Electricity is available at the property, with access to water also provided.
The property is located at 13972 S. Robinson Road, #6, in Traverse City, Michigan, within postal code 49684. HOA services include snow plowing, electricity, and water access. The configuration provides dedicated storage space with a drive-in garage opening and utility access.
The property is located at 13972 S. Robinson Road, #6, in Traverse City, Michigan, within postal code 49684. HOA services include snow plowing, electricity, and water access. The configuration provides dedicated storage space with a drive-in garage opening and utility access.
Key Highlights
- 800 square feet of warehouse space
- 20‑by‑40‑foot storage barn
- 12‑foot garage door for 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
$6,366
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
5.54%
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%
$127,320
$127.3K
Cap Rate 7%
$90,943
$90.9K
Cap Rate 9%
$70,733
$70.7K
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
$8.0K $9.96/SF
− Vacancy
−$478 −$0.60/SF
EGI
$7.5K $9.36/SF
− OpEx
−$1.1K −$1.40/SF
NOI
$6.4K $7.96/SF
Area
Grand Traverse County, MI
Vacancy
6.00%
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%
$127,320
Cap Rate 7%
$90,943
Cap Rate 9%
$70,733
Alternative Uses
Best Use
Warehouse
$90.9K
$79.6K – $106.1K
NOI $6,366 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
58
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- M-72 Recreational Storage Condominium Assn — 5800 Shugart Ln, Traverse City, MI 49684
- Unity Pointe Storage — 5795 Kyre Ct, Traverse City, MI 49684
- National Storage — 6400 E Traverse Hwy, Traverse City, MI 49684
Frequently Asked Questions
What type of property is this?
Warehouse - Private storage space includes utility access and off-street parking.
Where is this warehouse located?
The property is located at 13972 S Robinson Road 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 feet of warehouse space; 20‑by‑40‑foot storage barn; 12‑foot garage door for large vehicles, trailers, boats, and RVs
