Railway Commons Storage
For Sale
$395,000
6357 N Railway Commons, Williamsburg, MI 49690
Spacious 2,500 sq ft storage condo in Acme Township.
Property Size2,500 SF
Price / SF$158
Days on Market260
Property Features for 6357 N Railway Commons
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Mixed Use
Building Details
Year Built
2025
Listing Agency:
Coldwell Banker Schmidt Traverse City
(231) 218-4463
Listed By:
Karen Schmidt · License #6501234844
(231) 218-4463
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Jul 6
Last Checked: Apr 9 at 9:00PM
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 2,500 sq ft unit is located in Railway Commons Business Park and offers space for business, personal, or recreational use. The unit measures 50' x 50' and features a 14' x 14' insulated overhead door with opener, two windows, and a service door. It is plumbed for a gas heater and includes cold water with a hose bib. The property is equipped with 200-amp electrical service and access to a shared bathroom with a sink, shower, and laundry tub. Located in Acme Township, it provides quick access to M-72 and US-31, making it suitable for storage or light commercial needs.
Key Highlights
- Spacious 2,500 sq ft storage condo (50' x 50').
- Features a 14' x 14' insulated overhead door with opener.
- 200‑amp electrical service.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,560
$426.6K
Cap Rate 7%
$304,686
$304.7K
Cap Rate 9%
$236,978
$237.0K
Market Conditions
NOI Build-Up for 2,500 SF
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.
Gross rent
$37.5K $15.00/SF
− Vacancy
−$3.4K −$1.35/SF
EGI
$34.1K $13.65/SF
− OpEx
−$12.8K −$5.12/SF
NOI
$21.3K $8.53/SF
Area
Grand Traverse County, MI
Vacancy
9.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$426,560
Cap Rate 7%
$304,686
Cap Rate 9%
$236,978
Alternative Uses
Best Use
Mixed Use
$304.7K
$266.6K – $355.5K
NOI $21,328 @ 7.0% cap · market cap 5.40%
Second Best
Self Storage
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 49690, MI
6,494
Population
3,476
Households
1.9
Avg Household Size
50
Median Age
45%
College-Educated
97%
High-School Grad
82.7 sq mi
ZIP Area
79
Density / Sq Mi
$105,701
Median Household Income
$47,114
Median Earnings
$1,279
Median Rent
$329,100
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?
Self storage facility - Spacious 2,500 sq ft storage condo in Acme Township.
Where is this self storage facility located?
The property is located at 6357 N Railway Commons Williamsburg, MI.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Spacious 2,500 sq ft storage condo (50' x 50').; Features a **14' x 14' insulated overhead door with opener.**; 200‑amp electrical service.
