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Financial
Distress signals
Property profile

3945 Blue Star Dr Traverse City, MI 49685

FOR LEASE
Auto shops
Property ID
US43-2316166
17,580 SF 2.15 ac lot Built 1973
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

The property is an industrial warehouse facility located on a site of over 2 acres, providing both indoor warehouse space and outdoor yard areas suitable for equipment storage and vehicle or trailer parking. The building includes multiple overhead loading doors to support material handling and operational flow, and offers ceiling heights of approximately 16 to 18 feet. The facility is equipped with 240V 3-phase electrical service, supporting a range of industrial, manufacturing, warehousing,…

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.

Debts

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?
$11k
Tax billed · 2023
Assessed value$249k
Effective rate4.30%

Value estimate

· Oct 2026
$405k
$365k – $446k
NOI build-up
Gross scheduled income$61k
Vacancy & credit loss−$5k
Operating expenses−$17k
NOI · 784.26% cap applied$39k

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?
784.26%
$39k 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 heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency10.8
Pharmacy9.1
Convenience Store8.8

Location

3945 Blue Star Dr Traverse City, MI 49685
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

15 properties nearby
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. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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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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