Versatile Flex-Warehouse Building For
For Sale
$629,000
3160 Continental Drive, Traverse City, MI 49686
5,000 SF flex-warehouse with drive-thru capability and ample parking.
Property Size5,000 SF
Lot Size0.70 Acres
Price / SF$125.80
Days on Market153
Property Features for 3160 Continental Drive
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.70 Acres
Property subtype
Industrial
Building Details
Year Built
1979
Listing Agency:
Coldwell Banker Commercial Schmidt Realtors
(231) 633-0432
Listed By:
Dan Stiebel · License #6506040160
(231) 633-0432
Source:
Cbcworldwide
Added: Mar 5
Changed: Jul 10
Last Checked: Apr 9 at 9:00PM
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 Commercial Schmidt Realtors
Investment Insights
Based on property information with market context.
This 5,000 SF flex-warehouse building is located off S. Airport Road near the Airport. The building is set up for one or two businesses and features drive-thru capability and parking lots on both sides. It could be split into two units, each with a 12' overhead door, offices, bathroom, parking, heaters, and separately metered electric and gas. Loft storage is available above the offices. The building features block construction, 3-phase electric, 14' clear span ceilings, washer/dryer hook-up, private well and municipal sewer. It is situated on a 0.7 acre corner lot.
Key Highlights
- 5,000 SF flex‑warehouse building suitable for one or two businesses.
- Convenient location off S. Airport Road near the Airport.
- Easily divisible into two units, each with separate utilities, offices, bathroom, and 12' overhead door.
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 | $85.2k | $17.04 |
| − Vacancy | −$6.0k | −$1.19 |
| EGI | $79.2k | $15.85 |
| − OpEx | −$27.7k | −$5.55 |
| NOI | $51.5k | $10.30 |
5,000 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$735.8K
$643.8K – $858.4K
NOI $51,503 @ 7.0% cap · market cap 8.19%
Second Best
Warehouse
$568.4K
$497.4K – $663.2K
NOI $39,790 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- west bay catering — 767 A Duell Rd, Traverse City, MI 49686
Frequently Asked Questions
What type of property is this?
Flex space - 5,000 SF flex-warehouse with drive-thru capability and ample parking.
Where is this flex space located?
The property is located at 3160 Continental Drive Traverse City, MI.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 5,000 SF flex‑warehouse building suitable for one or two businesses.; Convenient location off S. Airport Road near the Airport.; Easily divisible into two units, each with separate utilities, offices, bathroom, and 12' overhead door.
