Medical/Office Building in Copper
4075 Copper Ridge Drive Traverse City, MI 49684
4075 Copper Ridge Drive, Traverse City, MI, 49684
$2,950,000
For Sale
$2,950,000
Remodeled medical/office building with ample parking and modern amenities.
Property Size15,352 SF
Price / SF$192.16
Days on Market107
Property Features for 4075 Copper Ridge Drive
General Information
- Standard status
- Active
- Size
- 15,352 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing Agency
Coldwell Banker Commercial Schmidt Realtors
(231) 633-0432
Listed by
Dan Stiebel · License #6506040160
(231) 633-0432
Source
Cbcworldwide
Added: Apr 2 Checked: Jul 15 at 10:07 pm
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 Commercial Schmidt Realtors
Investment Insights
Based on property information with market context.
This 15,352 square foot stand-alone medical/office building is located in Copper Ridge, providing convenient access to Division Street, Munson Hospital, and downtown. The building has been recently remodeled. Half of the building is configured as a dental/learning facility, featuring 8 operatories. The remaining portion includes a large break room, individual offices, open areas, and a large lunch room in the lower level. The property includes a server room equipped with 3 A/C units, battery backup, and a Sapphire fire suppression system. Over 70 parking spaces are available adjacent to the building, with additional parking nearby. Additional features include a built-in white noise system, intercom, heated sidewalks, a security system, badge entry, a heat pump system with backup furnaces, and an elevator. The property is suitable for medical or office use.
Key Highlights
- 15,352 SF stand‑alone medical/office building in a desirable Copper Ridge location, offering easy access to Division Street, Munson Hospital, and downtown.
- Recently remodeled, with half of the building equipped as a dental/learning facility featuring 8 operatories.
- Benefit from over 70 parking spaces adjacent to the building, with additional parking nearby.
Local Financial Insights For Healthcare Medical
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 | $399.8k | $26.04 |
| − Vacancy | −$34.0k | −$2.21 |
| EGI | $365.8k | $23.83 |
| − OpEx | −$146.3k | −$9.53 |
| NOI | $219.5k | $14.30 |
15,352 SF · lease $26.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.14M
$2.74M – $3.66M
NOI $219,472 @ 7.0% cap · market cap 7.44%
Second Best
Office B
$2.35M
$2.06M – $2.74M
NOI $164,420 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$3.33M
$2.92M – $3.89M
NOI $233,449 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
United Way of Northwest ...
Volunteer Organization
Melanie Rohan
Physician
Tyree Howard V
Physician
Dr. James M. ...
Physician
Dr. Kenneth R. ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 3675 N U.S. 31 S Ste 104, Traverse City, MI 49684
FAQs
What type of property is this?
Medical Office Space - Remodeled medical/office building with ample parking and modern amenities.
Where is this medical office space located?
The property is located at 4075 Copper Ridge Drive Traverse City, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 15,352 SF stand‑alone medical/office building in a desirable Copper Ridge location, offering easy access to Division Street, Munson Hospital, and downtown.; Recently remodeled, with half of the building equipped as a dental/learning facility featuring 8 operatories.; Benefit from over 70 parking spaces adjacent to the building, with additional parking nearby.
