13972 S Robinson Rd Unit 6, Traverse City, MI 49684
For Sale
$114,900
Own It. Use It. Rent It. Invest In It! Storage Barn Unit for Sale - 10 mins from West Bay!
Property Size800 SF
Price / SF$143.63
Days on Market49
Property Features for 13972 S Robinson Rd Unit 6
General Information
Standard status
Property type
Size
Listed By:
Jessica Lutz
(231) 392-9362
Added: Sep 22
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Use for yourself, or a rental as we have. It's been a great income for us.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,825
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,500
$136.5K
Cap Rate 7%
$97,500
$97.5K
Cap Rate 9%
$75,833
$75.8K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$12.0K $15.00/SF
− Vacancy
−$1.1K −$1.35/SF
EGI
$10.9K $13.65/SF
− OpEx
−$4.1K −$5.12/SF
NOI
$6.8K $8.53/SF
Area
Grand Traverse County, MI
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,500
Cap Rate 7%
$97,500
Cap Rate 9%
$75,833
Alternative Uses
Best Use
Mixed Use
$97.5K
$85.3K – $113.8K
NOI $6,825 @ 7.0% cap · market cap 5.94%
Second Best
Self Storage
$95.4K
$83.5K – $111.3K
NOI $6,677 @ 7.0% cap · market cap 5.81%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
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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
$375,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Self storage facilities in Grand Traverse County, MI
Properties on Market for Self storage facilities in Grand Traverse County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Own It. Use It. Rent It. Invest In It! Storage Barn Unit for Sale - 10 mins from West Bay!
Where is this self storage facility located?
The property is located at 13972 S Robinson Rd Unit 6 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: Use for yourself, or a rental as we have. It's been a great income for us.
