Industrial Flex Warehouse
3903 Blair Valley Road Unit 10 Traverse City, MI 49685
New
3903 Blair Valley Road Unit 10, Traverse City, MI, 49685
$199,000
For Sale
$199,000
Flex warehouse condo with 16-foot ceilings, a 14-foot overhead door, and a half bath in a shared parking setting.
Property Size1,175 SF
Price / SF$169.36
Days on Market5
Property Features for 3903 Blair Valley Road Unit 10
General Information
- Standard status
- Active
- Size
- 1,175 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2021
Listing Agency
REMAX Bayshore - West Shore Dr TC
(231) 883-7570
Listed by
BJ Brick · License #6501378609
(231) 883-7570
Source
Xome
Added: Jul 14 Checked: Jul 18 at 4:31 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 REMAX Bayshore - West Shore Dr TC
Investment Insights
Based on property information with market context.
This 1,175-square-foot flex warehouse condo built in 2021 offers clean, adaptable space with 16-foot ceilings. The unit includes a 14-foot overhead door and a half bath, with durable vinyl, wood, and steel construction and metal roofing. It is supported by a slab foundation and features an exterior entrance.
The property is located in the Blair Valley Business Center, one block off US-31 South. Paved common parking is provided, and municipal water and sewer services are available, with natural gas/electric heat.
Zoning allows industrial, office, commercial, warehouse, and restaurant/food uses, supporting a range of flexible occupancy needs within the business center setting.
The property is located in the Blair Valley Business Center, one block off US-31 South. Paved common parking is provided, and municipal water and sewer services are available, with natural gas/electric heat.
Zoning allows industrial, office, commercial, warehouse, and restaurant/food uses, supporting a range of flexible occupancy needs within the business center setting.
Key Highlights
- 1,175 sq ft flex commercial condo built in 2021 in the Blair Valley Business Center
- 16‑ft ceilings with a 14‑ft overhead door for warehouse and light industrial use
- Half bath and slab foundation with an exterior entrance
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 | $20.0k | $17.04 |
| − Vacancy | −$1.4k | −$1.19 |
| EGI | $18.6k | $15.85 |
| − OpEx | −$6.5k | −$5.55 |
| NOI | $12.1k | $10.30 |
1,175 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$172.9K
$151.3K – $201.7K
NOI $12,103 @ 7.0% cap · market cap 6.08%
Second Best
Warehouse
$133.6K
$116.9K – $155.9K
NOI $9,351 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Micro Auto Paint ...
Hardware & Home Improvement
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FAQs
What type of property is this?
Flex space - Flex warehouse condo with 16-foot ceilings, a 14-foot overhead door, and a half bath in a shared parking setting.
Where is this flex space located?
The property is located at 3903 Blair Valley Road Unit 10 Traverse City, MI.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,175 sq ft flex commercial condo built in 2021 in the Blair Valley Business Center; 16‑ft ceilings with a 14‑ft overhead door for warehouse and light industrial use; Half bath and slab foundation with an exterior entrance
