Custom Truss Flex/Industrial
3047 Man Cave Lane Traverse City, MI 49685
3047 Man Cave Lane, Traverse City, MI, 49685
$145,900
For Sale
$145,900
Custom truss commercial building with epoxy floors, insulated construction, and a 12x12 insulated garage-style door.
Property Size1,200 SF
Price / SF$121.58
Days on Market73
Property Features for 3047 Man Cave Lane
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2024
Listing agency
Key Realty One-TC
(231) 492-4062
Listed by
Jennifer Kreta · License #6501421253
(231) 492-4062
Source
Sabudarealty
Added: May 11 Updated: Jul 21 at 4:30PM Checked: Jul 21 at 4:30PM
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 custom truss commercial building features a Craftsman-style exterior and a 30-foot-by-40-foot footprint with 14'4" sidewall height. The structure includes insulated wall and ceiling systems, white finished steel interior walls, and full broadcast epoxy floors. It is equipped with a 200-amp electrical service with a build-out electric package and ceiling fans, along with a 45,000 BTU natural gas hanging unit, exhaust, and thermostat for heat.
The property includes a 12x12 insulated flat panel door with an electric garage door opener, plus one commercial front access door with keypad access and Lockguard security protection. Exterior improvements include Typar (or similar) guard wrap, house wrap, and a clear polyethylene vapor barrier with perimeter foam, along with exterior steel siding and an upgraded Kynar 500 paint system. A concrete slab floor includes pressure crack relief cuts and a full 4-foot owners apron.
Additional details include garage door bollards designed to help prevent dings and guide access, as well as owner-managed utility meters for gas and electric.
The property includes a 12x12 insulated flat panel door with an electric garage door opener, plus one commercial front access door with keypad access and Lockguard security protection. Exterior improvements include Typar (or similar) guard wrap, house wrap, and a clear polyethylene vapor barrier with perimeter foam, along with exterior steel siding and an upgraded Kynar 500 paint system. A concrete slab floor includes pressure crack relief cuts and a full 4-foot owners apron.
Additional details include garage door bollards designed to help prevent dings and guide access, as well as owner-managed utility meters for gas and electric.
Key Highlights
- Built in 2024: Borkholder Craftsman custom truss commercial building with Typar/house wrap and 4 mil clear polyethylene vapor barrier
- Size: 30' wide x 40' long x 14' 4" tall; sidewalls 5x6 spaced 8' o.c., with endwell posts approximately 8' o.c.
- Insulated construction: walls R‑19, ceiling R‑50; includes a 12x12 insulated R16.4 flat panel garage‑style door
Local 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 8.47%
Second Best
Industrial
$99.9K
$87.4K – $116.6K
NOI $6,993 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
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
What type of property is this?
Flex space - Custom truss commercial building with epoxy floors, insulated construction, and a 12x12 insulated garage-style door.
Where is this flex space located?
The property is located at 3047 Man Cave Lane Traverse City, MI.
What is the asking price?
The asking price for this property is $145,900.
What are key features of this property?
This property features: Built in 2024: Borkholder Craftsman custom truss commercial building with Typar/house wrap and 4 mil clear polyethylene vapor barrier; Size: 30' wide x 40' long x 14' 4" tall; sidewalls 5x6 spaced 8' o.c., with endwell posts approximately 8' o.c.; Insulated construction: walls R‑19, ceiling R‑50; includes a 12x12 insulated R16.4 flat panel garage‑style door
