Flex Space with
A-13-1414 Trade Centre Dr, Traverse City, MI 49696
For Sale
$365,000
The office area includes a showroom or reception space, conference room, private office, and accessible restroom.
Property Size2,540 SF
Price / SF$143.70
Days on Market27
Property Features for A-13-1414 Trade Centre Dr
General Information
Standard status
Size
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Sprinkler System
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
REMAX Bayshore - West Shore Dr TC
Listed By:
Tommy Corbett · License MI #6501406353
(617) 515-9707
Source:
Exprealty
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 3:35PM
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 REMAX Bayshore - West Shore Dr TC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2017, this 2,540-square-foot flex property at Hammond Commerce Centre combines 1,185 square feet of finished office space with 1,355 square feet of warehouse and storage. The office side includes an open showroom or reception area, a large conference room, a private executive office, and an accessible restroom. Warehouse features include 16-foot ceilings, a 12-by-14-foot overhead door, LED lighting, and fire suppression. The property is zoned I-G General Industrial.
The corner unit is on Trade Centre Drive, just off Hammond Road between Garfield and LaFranier. Shared paved parking is maintained by the association.
The corner unit is on Trade Centre Drive, just off Hammond Road between Garfield and LaFranier. Shared paved parking is maintained by the association.
Key Highlights
- 2,540 square feet, including 1,185 square feet of office and 1,355 square feet of warehouse and storage
- Built in 2017; zoned I‑G General Industrial
- Warehouse has 16‑foot ceilings and a 12‑by‑14‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,164
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,280
$523.3K
Cap Rate 7%
$373,771
$373.8K
Cap Rate 9%
$290,711
$290.7K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$43.3K $17.04/SF
− Vacancy
−$3.0K −$1.19/SF
EGI
$40.3K $15.85/SF
− OpEx
−$14.1K −$5.55/SF
NOI
$26.2K $10.30/SF
Area
Grand Traverse County, MI
Vacancy
7.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,280
Cap Rate 7%
$373,771
Cap Rate 9%
$290,711
Alternative Uses
Best Use
Flex RnD
$373.8K
$327.1K – $436.1K
NOI $26,164 @ 7.0% cap · market cap 7.17%
Second Best
Warehouse
$288.8K
$252.7K – $336.9K
NOI $20,213 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$551.8K
$482.8K – $643.7K
NOI $38,624 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49696, MI
9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value
Market
Average Price Trend$/SF for Flex space in Traverse City, MI
Properties on Market for Flex space in Traverse City
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Gabe's Old Fashioned Foods — 2259 Traversefield Dr, Traverse City, MI 49686
Frequently Asked Questions
What type of property is this?
Flex space - The office area includes a showroom or reception space, conference room, private office, and accessible restroom.
Where is this flex space located?
The property is located at A-13-1414 Trade Centre Dr Traverse City, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,540 square feet, including 1,185 square feet of office and 1,355 square feet of warehouse and storage; Built in 2017; zoned I‑G General Industrial; Warehouse has 16‑foot ceilings and a 12‑by‑14‑foot overhead door
