Financial
Distress signals
Property profile

3205 Supply Rd Traverse City, MI 49686

FOR SALE
Assisted living facilities
Property ID
US43-3852236
3,995 SF 3.83 ac lot Built 2015
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This property is a former assisted living and adult foster care facility configured with a large interior footprint and multiple living and gathering areas, including a community kitchen, dining area, living room, and family room spaces. The layout includes 6 bedrooms and 3.5 bathrooms, with a barrier-free design intended to support accessible movement, including barrier-free bathrooms, doors, and entry areas. Flooring is laminate throughout. The building features full walkout basements and is

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$309k
Effective rate3.76%

Value estimate

· Sep 2026
$490k
$441k – $539k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$3k
Operating expenses−$31k
NOI · 5.07% cap applied$38k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5.07%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGRAND TRAVERSE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency11.5
Parking Facility9.8
Hair Salon9.8

Location

3205 Supply Rd Traverse City, MI 49686
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
3 properties of the same type in this city
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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