Warehouse with Insulated Overhead
New
For Sale
$279,900
17-3070 Man Cave Ln, Traverse City, MI
A finished interior, powered access, and installed heating support enclosed commercial operations.
Property Size2,000 SF
Price / SF$139.95
Days on Market5
Property Features for 17-3070 Man Cave Ln
General Information
Standard status
Active
Size
2,000 SF
Warehouse & Industrial
Drive-In Doors
2
Power
200 amps
Additional Details
Utilities to Site
Yes
Amenities
electric garage door openers
keypad access
Lockguard Security Protection
garage door bollards
ceiling fans
natural gas hanging unit
Building Details
Building Size
2,000 SF
Construction
Custom Truss
Listing Agency:
Key Realty One-TC
Listed By:
Jennifer Kreta · License #6501421253
(231) 492-4062
Source:
Exprealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 1:30PM
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 Key Realty One-TC
Investment Insights
Based on property information with market context.
This 2,000-square-foot warehouse measures 40 feet by 50 feet, with sidewalls reaching 16 feet 4 inches. Two insulated 12-by-14-foot overhead doors provide vehicle access, and a separate front entry uses keypad access. Inside, the building has white finished steel walls, attic access, ceiling fans, and a concrete slab with a four-foot apron. Wall insulation is rated R-19, with R-50 insulation at the ceiling. Electrical service is 200 amps, and a 75,000-BTU natural-gas unit heater is installed with an exhaust and thermostat.
The property is located at 17-3070 Man Cave Ln in Traverse City, Michigan.
The property is located at 17-3070 Man Cave Ln in Traverse City, Michigan.
Key Highlights
- 2,000‑square‑foot warehouse with 40‑foot‑by‑50‑foot dimensions
- Two 12‑by‑14‑foot insulated overhead doors with electric openers
- 16‑foot‑4‑inch sidewalls; wall insulation rated R‑19 and ceiling insulation R‑50
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,916
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,320
$318.3K
Cap Rate 7%
$227,371
$227.4K
Cap Rate 9%
$176,844
$176.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$19.9K $9.96/SF
− Vacancy
−$1.2K −$0.60/SF
EGI
$18.7K $9.36/SF
− OpEx
−$2.8K −$1.40/SF
NOI
$15.9K $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 Rate 5%
$318,320
Cap Rate 7%
$227,371
Cap Rate 9%
$176,844
Alternative Uses
Best Use
Warehouse
$227.4K
$199.0K – $265.3K
NOI $15,916 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - A finished interior, powered access, and installed heating support enclosed commercial operations.
Where is this warehouse located?
The property is located at 17-3070 Man Cave Ln Traverse City, MI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2,000‑square‑foot warehouse with 40‑foot‑by‑50‑foot dimensions; Two 12‑by‑14‑foot insulated overhead doors with electric openers; 16‑foot‑4‑inch sidewalls; wall insulation rated R‑19 and ceiling insulation R‑50
