Flex Warehouse Condo with
3903 Blair Valley Road Traverse City, MI 49685
New
3903 Blair Valley Road, Traverse City, MI, 49685
$199,000
For Sale
$199,000
COMMERCIAL - Traverse City, MI
Property Size1,175 SF
Lot Size2.77 Acres
Price / SF$169.36
Days on Market1
Property Features for 3903 Blair Valley Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Exterior features
- Vinyl, Wood, Steel
- Standard status
- Active
- Size
- 1,175 SF
- Lot size
- 2.77 Acres
Taxes and HOA fees
- Tax Description
- BLAIR VALLEY CONDOMINIUM UNIT 10 MASTER DEED 2020C-0000 2, AMEND #1 2021C-00067 AMEND #2 2022C-00010 UNITS 8 THROUGH T 14 ADDED FROM 164-000-00
Building Details
- Building materials
- Frame
- Roof type
- Metal, Asphalt
Listing Agency
REMAX Bayshore - West Shore Dr TC
(231) 941-4500
12930 S West Bay Shore Dr, Traverse City, MI
Listed by
BJ Brick · License #6501378609
(231) 883-7570
Added: Jul 16 Checked: Jul 16 at 3:06 pm
MLS# 1948104
Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flexible commercial condo is located within the Blair Valley Business Center and was built in 2021. The unit offers adaptable interior space with 16-foot ceilings, a 14-foot overhead door, and a half bath. Construction is described as durable vinyl, wood, and steel with metal roofing, supported by a slab foundation and an exterior entrance. The property includes natural gas/electric heat and municipal water and sewer services.
The business center is one block off US-31 South, with paved common parking provided for the development.
The zoning, as provided in the remarks, allows industrial, office, commercial, warehouse, and restaurant/food uses, supporting a variety of commercial layouts within the same condo format.
The business center is one block off US-31 South, with paved common parking provided for the development.
The zoning, as provided in the remarks, allows industrial, office, commercial, warehouse, and restaurant/food uses, supporting a variety of commercial layouts within the same condo format.
Key Highlights
- 1,175 sq ft commercial condo built in 2021 with 16‑ft ceilings and a half bath
- 14‑ft overhead door plus slab foundation with an exterior entrance
- Flexible zoning allows industrial, office, commercial, warehouse, and restaurant/food uses
Local Financial Insights For Office B
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 | $19.7k | $16.80 |
| − Vacancy | −$3.0k | −$2.52 |
| EGI | $16.8k | $14.28 |
| − OpEx | −$4.2k | −$3.57 |
| NOI | $12.6k | $10.71 |
1,175 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 6.32%
Second Best
Flex RnD
$172.9K
$151.3K – $201.7K
NOI $12,103 @ 7.0% cap · market cap 6.08%
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
Property Profile
Location Intelligence
Current Use by Public Records
Micro Auto Paint ...
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FAQs
What type of property is this?
Flex space - Built in 2021, this flex condo features 16-foot ceilings, a 14-foot overhead door, and a half bath.
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 $199,000.
What are key features of this property?
This property features: 1,175 sq ft commercial condo built in 2021 with 16‑ft ceilings and a half bath; 14‑ft overhead door plus slab foundation with an exterior entrance; Flexible zoning allows industrial, office, commercial, warehouse, and restaurant/food uses
