Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Storage Condo in Railway Commons Title is generated by Realmo AI

    6385 N Railway Commons, Williamsburg, MI 49690

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $215,200

    1345 sq ft storage condo for personal or business use.

    Type:Mixed Use
    Property size:
    1,345 SF
    Price / SF:
    $160/SF
    Added:
    Dec 3, 2025
    Days on Market:
    170
    Last Refresh:
    Apr 5 at 8:18 pm

    Property Features for 6385 N Railway Commons

    General Information

    Standard status
    Active
    Size
    1,345 SF
    Property subtype
    Mixed Use

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    Karen Schmidt

    Listing agent Karen Schmidt License #6501234844

    Listing office

    Listing date Dec 3, 2025

    Source Cbcworldwide

    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 Karen Schmidt

    HighLights

    • Versatile 1,345 sq ft storage condo suitable for personal, business, or recreational use.
    • 14' x 14' insulated overhead door with opener for easy access.
    • Plumbed for gas heater, cold water with hose bib, and 200‑amp electrical service.
    • Convenient access to M‑72 and US‑31 in a growing commercial corridor.
    • Shared bathroom with sink, shower, and laundry tub.
    • Located in Acme Township.

    Overview

    This 1,345 square foot storage condo is located in Railway Commons Business Park. The unit, measuring 26.9 feet by 50 feet, is suitable for personal, business, or recreational storage. It features a 14-foot by 14-foot insulated overhead door with an opener, one window, and a service door. The unit is plumbed for a gas heater and includes cold water with a hose bib, as well as 200-amp electrical service. A shared bathroom is accessible, equipped with a sink, shower, and laundry tub. The property is located in Acme Township, offering convenient access to M-72 and US-31, situated in a growing commercial corridor.

    Financial Insights

    Value Estimation Calculated for Self Storage

    Conservative
    $124.7K
    NOI $11,226 @ 9.00% cap · cautious / downside scenario
    Moderate
    $160.4K
    NOI $11,226 @ 7.00% cap · market / base-case scenario
    Aggressive
    $224.5K
    NOI $11,226 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Self Storage

    Component $ $/SF
    Gross rent $17.4k $12.96
    − Vacancy −$1.4k −$1.04
    EGI $16.0k $11.92
    − OpEx −$4.8k −$3.58
    NOI $11.2k $8.35
    1,345 SF · lease $12.96/SF/yr · vacancy 8.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Self Storage
    $160.4K
    $140.3K – $187.1K (±1% cap)
    NOI $11,226 @ 7.0% cap · market cap 5.22%
    Second Best
    Industrial
    $112.0K
    $98.0K – $130.6K (±1% cap)
    NOI $7,838 @ 7.0% cap · market cap 3.64%
    Theoretical Best
    Office A
    $292.2K
    $255.7K – $340.9K (±1% cap)
    NOI $20,453 @ 7.0% cap · market cap 9.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Williamsburg
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.3979
    Latitude
    44.7754

    Nearby Similar for Sale

    • $995,000
      63,240 SF

      Industrial Compound Near Traverse City

      63,240 SF manufacturing/warehouse on 8+ acres near Traverse City.
      8055 Angell Road, Williamsburg, MI 49690
      View Details
    • $9,950,000

      Equestrian Facility in Grand Prix Village

      Luxury equestrian facility with 22-stall barn and living quarters.
      6625 Grand Prix Drive, Williamsburg, MI 49690
      View Details
    • $12,900,000
      1,780 SF

      Resort and Multifamily Investment Opportunity

      Scandinavian-inspired resort near Grand Traverse Bay with income-generating assets.
      5961 E Oslo Street, Williamsburg, MI 49690
      View Details
    • $2,750,000

      Equestrian Parcel in Grand Prix Village

      11.45-acre parcel in premier equestrian community near Flintfields Horse Park.
      6894 Gem Twist Way, AcmeTownship_GrandTraverse, MI 49690
      View Details
    • $395,000
      2,500 SF

      Railway Commons Storage Condo

      Spacious 2,500 sq ft storage condo in Acme Township.
      6357 N Railway Commons, Williamsburg, MI 49690
      View Details
    • $395,000
      2,295 SF

      Railway Commons Storage Condo

      2,295 SF storage condo in Railway Commons Business Park.
      6391 N Railway Commons, Williamsburg, MI 49690
      View Details
    • $215,200
      1,345 SF

      Storage Condo in Railway Commons

      1345 sq ft storage condo in growing commercial corridor.
      6365 N Railway Commons, Williamsburg, MI 49690
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 1345 sq ft storage condo for personal or business use.
    Where is this self storage facility located?
    The property is located at 6385 N Railway Commons Williamsburg, MI.
    What is the asking price?
    The asking price for this property is $215,200.
    What are key features of this property?
    This property features: Versatile 1,345 sq ft storage condo suitable for personal, business, or recreational use.; 14' x 14' insulated overhead door with opener for easy access.; Plumbed for gas heater, cold water with hose bib, and 200‑amp electrical service.
    (231) 218-4463
    We can help!
    Listing Contact
    Karen Schmidt
    Real Estate License ID: 6501234844
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6385 N Railway Commons, Williamsburg, MI 49690
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!