Flex Warehouse Unit with 14-Foot
For Sale
$235,000
4-3901 Blair Valley Rd, Traverse City, MI 49685
A flex warehouse unit featuring 14-foot doors and epoxy flooring, with a partial second level for added storage.
Property Size1,540 SF
Price / SF$152.60
Days on Market99
Property Features for 4-3901 Blair Valley Rd
General Information
Standard status
Active
Size
1,540 SF
Listing Agency:
Coldwell Banker Schmidt Traverse City
(231) 218-4463
Listed By:
Karen Schmidt · License #6501234844
(231) 218-4463
Source:
Exprealty
Added: Apr 29
Changed: Jul 10
Last Checked: Jul 31 at 1:58PM
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 Schmidt Traverse City
Investment Insights
Based on property information with market context.
This newer flex warehouse unit includes 14-foot doors and epoxy flooring, designed for practical loading and durable day-to-day use. Interior improvements include dry wall and/or steel interior walls, and a partial second level added specifically for storage. Exterior finishes are built with vinyl siding and cedar trim, supported by metal and steel roofing.
The unit is located at 4-3901 Blair Valley Rd in Traverse City, with easy access and situated one block off 37/31 South, which supports straightforward arrival and movement for everyday operations.
The space can be adapted to a range of commercial uses within the flex warehouse category, making it a workable option for tenants or buyers seeking an industrial-style footprint that also supports additional storage via the partial second level. The combination of high clear height access through the 14-foot doors, hard-surface epoxy flooring, and interior wall options provides a flexible baseline for businesses looking to configure the space to their own workflow.
The unit is located at 4-3901 Blair Valley Rd in Traverse City, with easy access and situated one block off 37/31 South, which supports straightforward arrival and movement for everyday operations.
The space can be adapted to a range of commercial uses within the flex warehouse category, making it a workable option for tenants or buyers seeking an industrial-style footprint that also supports additional storage via the partial second level. The combination of high clear height access through the 14-foot doors, hard-surface epoxy flooring, and interior wall options provides a flexible baseline for businesses looking to configure the space to their own workflow.
Key Highlights
- Flex warehouse unit with 14‑foot doors for loading and warehouse use
- Epoxy flooring throughout the unit
- Partial second level added for additional storage
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 | $26.2k | $17.04 |
| − Vacancy | −$1.8k | −$1.19 |
| EGI | $24.4k | $15.85 |
| − OpEx | −$8.5k | −$5.55 |
| NOI | $15.9k | $10.30 |
1,540 SF · lease $17.04/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$226.6K
$198.3K – $264.4K
NOI $15,863 @ 7.0% cap · market cap 6.75%
Second Best
Warehouse
$175.1K
$153.2K – $204.3K
NOI $12,255 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$334.5K
$292.7K – $390.3K
NOI $23,418 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
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
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Frequently Asked Questions
What type of property is this?
Flex space - A flex warehouse unit featuring 14-foot doors and epoxy flooring, with a partial second level for added storage.
Where is this flex space located?
The property is located at 4-3901 Blair Valley Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Flex warehouse unit with 14‑foot doors for loading and warehouse use; Epoxy flooring throughout the unit; Partial second level added for additional storage
