In-Town Office-Warehouse Flex
876 Robinwood Court Traverse City, MI 49686
876 Robinwood Court, Traverse City, MI, 49686
$550,000
For Sale
$550,000
Office areas connect to multiple warehouse units with overhead doors and 220V power.
Property Size4,568 SF
Price / SF$120.40
Days on Market17
Property Features for 876 Robinwood Court
General Information
- Standard status
- Active
- Size
- 4,568 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1985
Listing agency
Three West, LLC
(231) 620-2128
Listed by
Bill Somerville · License #6501400610
(231) 620-2128
Source
Sabudarealty
Added: Jul 6 Updated: Jul 22 at 6:52AM Checked: Jul 22 at 6:52AM
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 Three West, LLC
Investment Insights
Based on property information with market context.
This in-town office-warehouse flex property includes two office areas totaling 984 sq ft and three adjoining warehouse areas, each served by an overhead door, totaling 3,584 sq ft. The space is supported by four restrooms, including one with a shower, along with 220V power and multiple water connection locations.
The property is located in central Traverse City off Barlow St. Tenant leases are month-to-month, and tenants would extend if not all space is needed for buyer occupancy.
Zoned General Mixed-Use Industrial Business (I-G), the property allows for a variety of uses, including live/work. The property also benefits from lower Garfield Township property tax rates.
The property is located in central Traverse City off Barlow St. Tenant leases are month-to-month, and tenants would extend if not all space is needed for buyer occupancy.
Zoned General Mixed-Use Industrial Business (I-G), the property allows for a variety of uses, including live/work. The property also benefits from lower Garfield Township property tax rates.
Key Highlights
- 1985‑built in‑town office/warehouse property with central Traverse City location off Barlow St
- Includes 984 sq ft of office space plus 3,584 sq ft of adjoining warehouse space with overhead doors
- Office areas connect to multiple warehouse units; 220V power and multiple water connection locations
Local Financial Insights For Office B
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 | $76.7k | $16.80 |
| − Vacancy | −$11.5k | −$2.52 |
| EGI | $65.2k | $14.28 |
| − OpEx | −$16.3k | −$3.57 |
| NOI | $48.9k | $10.71 |
4,568 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$698.9K
$611.5K – $815.4K
NOI $48,923 @ 7.0% cap · market cap 8.90%
Second Best
Flex RnD
$672.2K
$588.2K – $784.2K
NOI $47,054 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$992.3K
$868.3K – $1.16M
NOI $69,463 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
KNF Music Studio
Tutoring Service
Ace Handyman Services ...
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- west bay catering — 767 A Duell Rd, Traverse City, MI 49686
- Grandview Catering — 1249 Woodmere Ave, Traverse City, MI 49686
FAQs
What type of property is this?
Flex space - Office areas connect to multiple warehouse units with overhead doors and 220V power.
Where is this flex space located?
The property is located at 876 Robinwood Court Traverse City, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1985‑built in‑town office/warehouse property with central Traverse City location off Barlow St; Includes 984 sq ft of office space plus 3,584 sq ft of adjoining warehouse space with overhead doors; Office areas connect to multiple warehouse units; 220V power and multiple water connection locations
