Office Unit with Private
For Sale
$165,000
4020 Copper View # 111, Traverse City, MI 49684
Sale includes office furnishings, including a reception desk, desks, credenzas, and chairs.
Property Size716 SF
Price / SF$230.45
Days on Market145
Property Features for 4020 Copper View # 111
General Information
Standard status
Active
Size
716 SF
Total Parking Spaces
1
Property subtype
Office
Additional Details
Furnished
Yes
Property Use
Office
Building Details
Building Size
716 SF
Year Built
2002
Listing Agency:
Phoenix Property Partners
Listed By:
Ashley Rokos · License #6502424094
(231) 342-3775
Source:
Leelanaurealtors
Added: Jun 15
Changed: Nov 5
Last Checked: Nov 5 at 8:58AM
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 Phoenix Property Partners
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Investment Insights
Based on property information with market context.
Located in Copper Ridge Professional Center in Traverse City, this office unit has a reception area, two private offices, a kitchenette, and an open workroom. The sale includes a reception desk, two wood desks, two credenzas, and chairs. One designated space is in the lower-level parking garage.
The professional center was built in 2002. The property is in Traverse City, with Munson and downtown identified as convenient destinations.
The professional center was built in 2002. The property is in Traverse City, with Munson and downtown identified as convenient destinations.
Key Highlights
- Two private offices, reception area, kitchenette, and open workroom
- Sale includes a reception desk, 2 wood desks, 2 credenzas, and chairs
- 1 designated parking space in the lower‑level garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,668
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,360
$153.4K
Cap Rate 7%
$109,543
$109.5K
Cap Rate 9%
$85,200
$85.2K
Market Conditions
NOI Build-Up for 716 SF
Gross rent
$12.0K $16.80/SF
− Vacancy
−$1.8K −$2.52/SF
EGI
$10.2K $14.28/SF
− OpEx
−$2.6K −$3.57/SF
NOI
$7.7K $10.71/SF
Area
Grand Traverse County, MI
Vacancy
15.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$153,360
Cap Rate 7%
$109,543
Cap Rate 9%
$85,200
Alternative Uses
Best Use
Office B
$109.5K
$95.9K – $127.8K
NOI $7,668 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$155.5K
$136.1K – $181.5K
NOI $10,888 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
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Business Placement
Demographics for 49684, MI
22,025
Population
10,959
Households
2
Avg Household Size
49
Median Age
46%
College-Educated
96%
High-School Grad
52.8 sq mi
ZIP Area
417
Density / Sq Mi
$75,678
Median Household Income
$39,553
Median Earnings
$1,216
Median Rent
$375,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Sale includes office furnishings, including a reception desk, desks, credenzas, and chairs.
Where is this office unit located?
The property is located at 4020 Copper View # 111 Traverse City, MI.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two private offices, reception area, kitchenette, and open workroom; Sale includes a reception desk, 2 wood desks, 2 credenzas, and chairs; 1 designated parking space in the lower‑level garage
