3042 Luxury Barn Lane Unit 31 Traverse City, MI 49685
For Sale
$149,900
Flex space
Property Size1,200 SF
Price / SF$124.92
Days on Market396
Property Features for 3042 Luxury Barn Lane Unit 31
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2025
Listing Agency:
Key Realty One-TC
(231) 492-4062
Listed By:
Jennifer Kreta · License #6501421253
(231) 492-4062
Source:
Xome
Added: Jun 26, 2025
Changed: Jul 23
Last Checked: Jul 25 at 2:22AM
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.
Key Highlights
- New construction built in 2025 with concrete slab floor and metal roof
- 30' wide x 40' long x 14' 4" tall custom truss commercial building design
- R‑50 ceiling insulation plus mini‑split for heat and A/C
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $17.04 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $19.0k | $15.85 |
| − OpEx | −$6.7k | −$5.55 |
| NOI | $12.4k | $10.30 |
1,200 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 8.25%
Second Best
Warehouse
$136.4K
$119.4K – $159.2K
NOI $9,550 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Cousin Jenny's Cornish Pasties — 222 E State St Suite 102, Traverse City, MI 49684
- Forrest, A Food Studio and Private Chef — 408 s union st, traverse city, mi 49684
- Cordwood BBQ — 448 E Front St, Traverse City, MI 49686
- Across the Board Provisions — 215 w eighth st apt b, traverse city, mi 49684
- Guacamole Food Truck — 404 N Division St, Traverse City, MI 49684
FAQs
Where is this flex space located?
The property is located at 3042 Luxury Barn Lane Unit 31 Traverse City, MI.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: New construction built in 2025 with concrete slab floor and metal roof; 30' wide x 40' long x 14' 4" tall custom truss commercial building design; R‑50 ceiling insulation plus mini‑split for heat and A/C
