Professional Office
3819 N 4 Mile Road Unit 1 Traverse City, MI 49696
3819 N 4 Mile Road Unit 1, Traverse City, MI, 49696
$329,000
For Sale
$329,000
Well-maintained office condo with high ceilings and clean, flexible interior space in a professional building.
Property Size1,489 SF
Price / SF$220.95
Days on Market21
Property Features for 3819 N 4 Mile Road Unit 1
General Information
- Standard status
- Active
- Size
- 1,489 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2003
Listing agency
Reo-tcrandolph-233022
(231) 714-4787
Listed by
Blake Bernard · License #6501380347
(231) 714-4787
Source
Xome
Added: Jul 3 Updated: Jul 22 at 11:28AM Checked: Jul 22 at 11:28AM
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 Reo-tcrandolph-233022
Investment Insights
Based on property information with market context.
This well-maintained commercial condo is located within a newer, professional building and offers exceptionally clean, versatile office space. The unit features high ceilings, supporting a spacious feel and flexible workspace layouts suitable for a range of office uses.
The property sits within a small commercial complex with ample parking, providing convenient access for clients and employees. It is positioned on Traverse City’s east side, just minutes from the waterfront, and directly off the TART Trail.
The offering is for Unit 1 at 3819 N 4 Mile Road, Traverse City, MI.
The property sits within a small commercial complex with ample parking, providing convenient access for clients and employees. It is positioned on Traverse City’s east side, just minutes from the waterfront, and directly off the TART Trail.
The offering is for Unit 1 at 3819 N 4 Mile Road, Traverse City, MI.
Key Highlights
- Well‑maintained commercial office condo in a professional building built in 2003
- High ceilings and exceptionally clean, flexible office space suitable for medical or professional use
- Heating system noted (3)
Local Financial Insights For Healthcare Medical
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 | $38.8k | $26.04 |
| − Vacancy | −$3.3k | −$2.21 |
| EGI | $35.5k | $23.83 |
| − OpEx | −$14.2k | −$9.53 |
| NOI | $21.3k | $14.30 |
1,489 SF · lease $26.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$304.1K
$266.1K – $354.8K
NOI $21,287 @ 7.0% cap · market cap 6.47%
Second Best
Office B
$227.8K
$199.3K – $265.8K
NOI $15,947 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$323.5K
$283.0K – $377.4K
NOI $22,642 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Emerson Geophysical LLC
Oil And Gas Exploration Service
Johnson & Associates Insurance
Insurance Agency
Dr. Neil Jackson
Alternative Medicine Practice
Neil Bradley Jackson
Alternative Medicine Practice
Carley Plantrich Fardell
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-maintained office condo with high ceilings and clean, flexible interior space in a professional building.
Where is this office units located?
The property is located at 3819 N 4 Mile Road Unit 1 Traverse City, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Well‑maintained commercial office condo in a professional building built in 2003; High ceilings and exceptionally clean, flexible office space suitable for medical or professional use; Heating system noted (3)
