Office Suite with Conference
For Sale
$372,000
4020 Copper View # 225, Traverse City, MI 49684
The layout includes four private offices, a conference room, reception space, and a kitchenette.
Property Size1,175 SF
Price / SF$316.60
Days on Market470
Property Features for 4020 Copper View # 225
General Information
Standard status
Active
Size
1,175 SF
Total Parking Spaces
2
Property subtype
Office
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
1,175 SF
Year Built
2004
Owner Occupied
No
Listing Agency:
Phoenix Property Partners
Listed By:
Ashley Rokos · License #6502424094
(231) 342-3775
Source:
Leelanaurealtors
Added: Jul 25, 2025
Changed: Nov 2
Last Checked: Nov 5 at 8:56AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,175-square-foot office suite at 4020 Copper View, Suite 225, in Traverse City was built in 2004. Its layout includes a lobby and reception area, a large conference room, four private offices, and kitchenette space. Two dedicated parking spaces in the garage are included.
The suite is occupied under a lease that runs through March 31, 2028. Copper Ridge is described as convenient to Traverse City’s downtown business corridor and Munson Hospital.
The suite is occupied under a lease that runs through March 31, 2028. Copper Ridge is described as convenient to Traverse City’s downtown business corridor and Munson Hospital.
Key Highlights
- 1,175‑square‑foot office suite with reception, conference room, four private offices, and kitchenette space
- Two private parking spaces in the garage
- Lease term runs through March 31, 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,584
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,680
$251.7K
Cap Rate 7%
$179,771
$179.8K
Cap Rate 9%
$139,822
$139.8K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$19.7K $16.80/SF
− Vacancy
−$3.0K −$2.52/SF
EGI
$16.8K $14.28/SF
− OpEx
−$4.2K −$3.57/SF
NOI
$12.6K $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%
$251,680
Cap Rate 7%
$179,771
Cap Rate 9%
$139,822
Alternative Uses
Best Use
Office B
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.3K
$223.4K – $297.8K
NOI $17,868 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes four private offices, a conference room, reception space, and a kitchenette.
Where is this office unit located?
The property is located at 4020 Copper View # 225 Traverse City, MI.
What is the asking price?
The asking price for this property is $372,000.
What are key features of this property?
This property features: 1,175‑square‑foot office suite with reception, conference room, four private offices, and kitchenette space; Two private parking spaces in the garage; Lease term runs through March 31, 2028
