Storage Warehouse with Insulated Overhead
For Sale
$199,000
18-6369 E Railway Cmn, Williamsburg, MI 49690
A 200-amp service and plumbing for a gas heater support flexible storage use.
Property Size1,345 SF
Price / SF$147.96
Days on Market376
Property Features for 18-6369 E Railway Cmn
General Information
Standard status
Active
Size
1,345 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Power
200 amps
Property Use
Storage
Listing Agency:
Coldwell Banker Schmidt Traverse City
Listed By:
Karen Schmidt · License #6501234844
(231) 218-4463
Source:
Exprealty
Added: Oct 16, 2025
Changed: Oct 26
Last Checked: Oct 26 at 8:23PM
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 Coldwell Banker Schmidt Traverse City
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,345-square-foot warehouse unit measures 26.9 feet by 50 feet. It has a 14-foot by 14-foot insulated overhead door with opener, a service door, and one window. The unit is plumbed for a gas heater and includes cold water with a hose bib, along with 200-amp electrical service. A shared bathroom with a sink and laundry tub is available to users of the property.
The unit is in Railway Commons Business Park in Acme Township, with access to M-72 and US-31.
The unit is in Railway Commons Business Park in Acme Township, with access to M-72 and US-31.
Key Highlights
- 1,345‑square‑foot warehouse unit measuring 26.9 feet by 50 feet
- 14‑foot by 14‑foot insulated overhead door with opener
- 200‑amp electrical service; plumbing for a gas heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,704
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$214,080
$214.1K
Cap Rate 7%
$152,914
$152.9K
Cap Rate 9%
$118,933
$118.9K
Market Conditions
NOI Build-Up for 1,345 SF
Gross rent
$13.4K $9.96/SF
− Vacancy
−$804 −$0.60/SF
EGI
$12.6K $9.36/SF
− OpEx
−$1.9K −$1.40/SF
NOI
$10.7K $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%
$214,080
Cap Rate 7%
$152,914
Cap Rate 9%
$118,933
Alternative Uses
Best Use
Warehouse
$152.9K
$133.8K – $178.4K
NOI $10,704 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.2K
$255.7K – $340.9K
NOI $20,453 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49690, MI
6,494
Population
3,476
Households
1.9
Avg Household Size
50
Median Age
45%
College-Educated
97%
High-School Grad
82.7 sq mi
ZIP Area
79
Density / Sq Mi
$105,701
Median Household Income
$47,114
Median Earnings
$1,279
Median Rent
$329,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- AAA Self Storage — 6631 M-72, Williamsburg, MI 49690
- Acme Mini Storage — 6985 M-72, Williamsburg, MI 49690
Frequently Asked Questions
What type of property is this?
Warehouse - A 200-amp service and plumbing for a gas heater support flexible storage use.
Where is this warehouse located?
The property is located at 18-6369 E Railway Cmn Williamsburg, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,345‑square‑foot warehouse unit measuring 26.9 feet by 50 feet; 14‑foot by 14‑foot insulated overhead door with opener; 200‑amp electrical service; plumbing for a gas heater
