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Property profile & analytics
FOR SALE
Industrial properties
3054 Cass Rd, Traverse City, MI 49684
Entity Owned
Free & Clear
Property ID
US43-4248560
For Sale
1 / 2
$1,200,000
3054 Cass Rd, Traverse City, MI 49684
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Property summary
AI-generated overview
This exceptional 2,600-square-foot flex space, located at 3054 Cass Rd in Traverse City, Michigan, 49684, presents a fantastic opportunity for businesses seeking a versatile industrial property. The single-tenant building offers a convenient location near the bustling commercial area of South Airport Rd, ensuring excellent accessibility and visibility. The property features high ceilings, ranging from 13 to 15 feet, providing ample vertical space for storage or equipment. Ease of loading and unloading is facilitated by one loading dock and two drive-in doors. An adjacent exterior truck well is also available for added convenience. The property is zoned to accommodate a variety of uses, offering flexibility for diverse business needs. This is a full-gross lease, meaning rent includes utilities
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1961
Total area
18,037 SF
Lot
1.63 ac (71,003 SF)
APN
05-015-047-10
UPID
US43-4248560
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Traverse Ceramic Coatings & Auto Detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
CASS ROAD REAL EST LLC
CASS ROAD REAL EST LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Traverse City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Traverse City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,640
Tax year 2023
Assessed value
$630,800
Assessed 2023
Previous assessed
$630,800
+0.0% YoY
Effective rate
3.11%
On assessed value
Total market value
$1,368,739
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
For Sale
Year built
1961
Heating
PACKAGE
Stories
2
Total area
18,037 SF
Lot
1.63 ac (71,003 SF)
APN
05-015-047-10
UPID
US43-4248560
Jurisdiction
GRAND TRAVERSE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1961
Heating
PACKAGE
Stories
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
CASS ROAD REAL EST LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 879, TRAVERSE CITY, MI 49685-0879
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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