Business/Storage Flex
For Sale
Contact for pricing
Pending
3903 Blair Valley Road, Traverse City, MI 49685
Newer flex unit built in 2022 with a 12x14 door, finished half-bath, and steel interior walls.
Property Size1,246 SF
Days on Market2257
Property Features for 3903 Blair Valley Road
General Information
Standard status
Pending
Size
1,246 SF
Property subtype
Mixed Use
Listing Agency:
Coldwell Banker Commercial Schmidt, Realtors Traverse City
Listed By:
Karen Schmidt · License #MI
Source:
Crexi
Added: May 27, 2020
Changed: Jul 21
Last Checked: Jul 30 at 4:49PM
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 Traverse City
Investment Insights
Based on property information with market context.
This newer business/storage flex unit was built in 2022 and is configured with a finished half-bath, extra electrical, and steel interior walls. The unit includes a 12 x 14 foot door and exterior finishes noted as vinyl siding with cedar trim.
The unit is located off 37/31 S. on the east side, behind Mancino’s, accessed via Blair Valley Road. It is described as about one block off 31/37 S and is reached from the Pit Spitters entrance.
Unit 12 is described as adaptable for various business needs in addition to storage, making it a practical option for operators looking for a small, improved workspace within a newer complex.
The unit is located off 37/31 S. on the east side, behind Mancino’s, accessed via Blair Valley Road. It is described as about one block off 31/37 S and is reached from the Pit Spitters entrance.
Unit 12 is described as adaptable for various business needs in addition to storage, making it a practical option for operators looking for a small, improved workspace within a newer complex.
Key Highlights
- Newer business/storage flex complex built in 2022
- Unit 12 includes a finished 1/2 bath
- Unit 12 has extra electrical and a 12 ft x 14 ft 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 | $21.2k | $17.04 |
| − Vacancy | −$1.5k | −$1.19 |
| EGI | $19.7k | $15.85 |
| − OpEx | −$6.9k | −$5.55 |
| NOI | $12.8k | $10.30 |
1,246 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$183.4K
$160.4K – $213.9K
NOI $12,835 @ 7.0% cap · market cap 6.94%
Second Best
Warehouse
$141.7K
$124.0K – $165.3K
NOI $9,916 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$270.7K
$236.8K – $315.8K
NOI $18,947 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49685, MI
20,856
Population
9,395
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
385
Density / Sq Mi
$82,639
Median Household Income
$45,783
Median Earnings
$1,338
Median Rent
$309,200
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.
Frequently Asked Questions
What type of property is this?
Flex space - Newer flex unit built in 2022 with a 12x14 door, finished half-bath, and steel interior walls.
Where is this flex space located?
The property is located at 3903 Blair Valley Road Traverse City, MI.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Newer business/storage flex complex built in 2022; Unit 12 includes a finished 1/2 bath; Unit 12 has extra electrical and a 12 ft x 14 ft door
