Insulated Warehouse
3034 Man Cave Lane, Traverse City, MI 49685
For Sale
$249,900
Two powered overhead doors, a finished steel interior, and separate gas and electric meters support day-to-day operations.
Property Size2,000 SF
Price / SF$124.95
Days on Market37
Property Features for 3034 Man Cave Lane
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Key Realty One-TC
(231) 559-0351
Listed By:
Jennifer Kreta · License #6501421253
(231) 492-4062
Source:
Housewant
Added: Oct 2
Changed: Nov 1
Last Checked: Nov 7 at 3:33AM
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
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Investment Insights
Based on property information with market context.
Completed in 2022, this 2,000-square-foot warehouse measures 40 feet by 50 feet, with 16-foot-4-inch sidewalls. The building has insulated walls rated R-19 and a ceiling rated R-50, plus white finished steel interior walls and attic access. A concrete slab with epoxy finish and a 4-foot apron complements two insulated 12-by-14-foot overhead doors with electric openers. A keypad-entry personnel door provides separate access. Exterior features include steel siding and a real stone front.
The building has 200-amp electrical service, ceiling fans, and a 120,000-BTU natural gas unit heater with exhaust and thermostat. Gas and electric meters are managed by the owner. A 500-gallon water tank is connected to a sink. The property is zoned Commercial.
The building has 200-amp electrical service, ceiling fans, and a 120,000-BTU natural gas unit heater with exhaust and thermostat. Gas and electric meters are managed by the owner. A 500-gallon water tank is connected to a sink. The property is zoned Commercial.
Key Highlights
- 2,000‑square‑foot warehouse completed in 2022
- 40 feet wide by 50 feet long, with 16 feet 4 inches of sidewall height
- Two 12‑by‑14‑foot insulated overhead doors with electric openers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,916
Cap Rate
6.37%
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 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.5K
$380.2K – $506.9K
NOI $30,413 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Traverse City, MI
Properties on Market for Warehouses in Traverse City
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Two powered overhead doors, a finished steel interior, and separate gas and electric meters support day-to-day operations.
Where is this warehouse located?
The property is located at 3034 Man Cave Lane Traverse City, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,000‑square‑foot warehouse completed in 2022; 40 feet wide by 50 feet long, with 16 feet 4 inches of sidewall height; Two 12‑by‑14‑foot insulated overhead doors with electric openers
