37-3032 Luxury Barn Ln Traverse City, MI
37-3032 Luxury Barn Ln, Traverse City, MI, 00000
$122,900
For Sale
$122,900
Flex space
Property Size1,200 SF
Price / SF$102.42
Days on Market224
Property Features for 37-3032 Luxury Barn Ln
General Information
- Standard status
- Active
- Size
- 1,200 SF
Listing Agency
Key Realty One-TC
(231) 492-4062
Listed by
Jennifer Kreta · License #6501421253
(231) 492-4062
Source
Exprealty
Added: Dec 9, 2025 Updated: Jul 10 at 1:48 pm Checked: Jul 20 at 4:48 am
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
- Borkholder craftsman custom truss commercial buildings: 30' wide x 40' long x 14'4" tall
- Structural layout includes 5x6 spaced sidewalls at 8' o.c., endwell posts approx. 8' o.c., and trusses at 4' o.c.
- Exterior insulation and weather barrier package: Typar/house wrap plus 4 mil clear polyethylene vapor barrier with 2‑inch foam on the perimeter
Local Financial Insights For Warehouse
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 | $12.0k | $9.96 |
| − Vacancy | −$717 | −$0.60 |
| EGI | $11.2k | $9.36 |
| − OpEx | −$1.7k | −$1.40 |
| NOI | $9.5k | $7.96 |
1,200 SF · lease $9.96/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 10.06%
Second Best
Warehouse
$136.4K
$119.4K – $159.2K
NOI $9,550 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,248 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
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
Where is this flex space located?
The property is located at 37-3032 Luxury Barn Ln Traverse City, MI.
What is the asking price?
The asking price for this property is $122,900.
What are key features of this property?
This property features: Borkholder craftsman custom truss commercial buildings: 30' wide x 40' long x 14'4" tall; Structural layout includes 5x6 spaced sidewalls at 8' o.c., endwell posts approx. 8' o.c., and trusses at 4' o.c.; Exterior insulation and weather barrier package: Typar/house wrap plus 4 mil clear polyethylene vapor barrier with 2‑inch foam on the perimeter
