Flex Space with
For Sale
Contact for pricing
2827 Cass Road, Traverse City, MI 49684
A compact office and showroom component complements the open work area, with air conditioning in the office portion.
Property Size2,450 SF
Price / SF$1.12
Days on Market149
Property Features for 2827 Cass Road
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Commercial
Zoning
Industrial
Warehouse & Industrial
Warehouse Space
1,610 SF
Office Build-Out
840 SF
Drive-In Doors
1
Additional Details
Property Use
Lite Industrial
Building Details
Building Size
2,450 SF
Year Built
2000
Listed By:
JEFF Gates
(586) 298-1509
Source:
Housewant
Added: Jun 3
Changed: Oct 27
Last Checked: Oct 27 at 3:17AM
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 JEFF Gates
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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.
This 2,450-square-foot flex property combines 840 square feet of office and showroom space with 1,610 square feet of open shop area. The office/showroom portion has air conditioning, and the shop is served by a 14-foot overhead door. The building was constructed in 2000 and is zoned Industrial.
Located at 2827 Cass Road in Garfield Charter Township, the property is next to Northwest Lock.
Located at 2827 Cass Road in Garfield Charter Township, the property is next to Northwest Lock.
Key Highlights
- 2,450 square feet total: 840 square feet of office/showroom and 1,610 square feet of open shop area
- 14‑foot overhead door serving the shop area
- Air conditioning in the office/showroom portion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,277
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,540
$285.5K
Cap Rate 7%
$203,957
$204.0K
Cap Rate 9%
$158,633
$158.6K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$22.1K $9.00/SF
− Vacancy
−$1.7K −$0.68/SF
EGI
$20.4K $8.33/SF
− OpEx
−$6.1K −$2.50/SF
NOI
$14.3K $5.83/SF
Area
Grand Traverse County, MI
Vacancy
7.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,540
Cap Rate 7%
$203,957
Cap Rate 9%
$158,633
Alternative Uses
Best Use
Retail
$432.8K
$378.7K – $504.9K
NOI $30,294 @ 7.0% cap · market cap 1,101.60%
Second Best
Flex RnD
$360.5K
$315.5K – $420.6K
NOI $25,237 @ 7.0% cap · market cap 917.71%
Theoretical Best
Office A
$532.2K
$465.7K – $620.9K
NOI $37,256 @ 7.0% cap · market cap 1,354.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Balanced
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
Frequently Asked Questions
What type of property is this?
Flex space - A compact office and showroom component complements the open work area, with air conditioning in the office portion.
Where is this flex space located?
The property is located at 2827 Cass Road Traverse City, MI.
What are key features of this property?
This property features: 2,450 square feet total: 840 square feet of office/showroom and 1,610 square feet of open shop area; 14‑foot overhead door serving the shop area; Air conditioning in the office/showroom portion
