Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4952 Skyview Ct Traverse City, MI 49684-6970

    • Medical offices
    • 3,032 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2181859
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grand Traverse Endodontics / Endodontist
    • Schulz Orthodontics / Orthodontist
    • Dr. Charles Kass / Dentist / Practitioner Service Location
    • Scott Schulz / Orthodontist

    Property Details for 4952 Skyview Ct

    Year built
    2003
    Lot size
    0.68 lot acres
    Property size
    3,032 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    05-078-006-00
    APU
    507800600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Traverse City
    County
    Grand Traverse
    State
    Michigan
    Longitude
    -85.6563
    Latitude
    44.7599
    CBSA code
    45900
    CBSA name
    TRAVERSE CITY, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,181
    $0.00
    $0.00
    $291,700
    -
    $0.00
    $0.00
    $667,295

    Comparable in this City

    • Value Estimation by Request
      6,544 SF

      5085 Anna Dr

      MEDICAL BUILDING • 6,544 SF
      5085 Anna Dr, Traverse City, MI 49684-7475
      View Details
    • Value Estimation by Request
      1,794 SF

      1020 6th St

      MEDICAL BUILDING • 1,794 SF
      1020 6th St, Traverse City, MI 49684-2302
      View Details
    • Value Estimation by Request
      2,578 SF

      3699 Ws Airport Rd

      MEDICAL CLINIC • 2,578 SF
      3699 Ws Airport Rd, Traverse City, MI 49684
      View Details
    • Value Estimation by Request
      3,175 SF

      5000 Skyview Ct

      MEDICAL CLINIC • 3,175 SF
      5000 Skyview Ct, Traverse City, MI 49684-7150
      View Details
    • Value Estimation by Request
      10,576 SF

      4062 Royal Dr

      MEDICAL BUILDING • 10,576 SF
      4062 Royal Dr, Traverse City, MI 49684-8965
      View Details
    • Value Estimation by Request
      3,102 SF

      4977 Skyview Ct

      MEDICAL BUILDING • 3,102 SF
      4977 Skyview Ct, Traverse City, MI 49684-6941
      View Details

    Similar Nearby for Sale

    • $1,495,000
      30,000 SF

      Approved Office Building Pad

      Approved 30,000 SF office building pad in Traverse City.
      4130 Copper Vw, Traverse City, MI 49684
      View Details
    • $1,495,000
      30,000 SF

      Copper Ridge Office Building Opportunity

      Approved 30,000 SF office building site near Munson Hospital.
      4240 Copper Vw, Traverse City, MI 49684
      View Details
    • $448,000

      Historic Office Space For Sale

      Office space in historic building with abundant natural light.
      830-204 Cottageview Dr, Traverse City, MI 49684
      View Details
    • $502,230
      1,768 SF

      Traverse City Office Investment

      1,768 SF Office, Fully Leased
      607 Randolph St, Traverse City, MI 49684
      View Details
    • $1,100,000
      17,540 SF

      17,540 SF Medical Office on Prime 0.91 AC Lot For Sale/Lease

      17,540 SF Medical Office on Prime 0.91 AC Lot For Sale/Lease
      224 Circle Drive, Traverse City, MI 49684
      View Details
    • $899,000
      2,983 SF

      Remodeled Office Building in Old Town

      2,983 SF office building in high-traffic Old Town Traverse City.
      410 S Union St, Traverse City, MI 49684
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      5,000 SF

      Class A Office Space Available

      Professional office building in Traverse City's Central Business District.
      130 S Union St, Traverse City, MI 49684
      View Details
    • $620 /Mo
      110 SF

      Downtown Traverse City Office Space

      Premier office space in downtown Traverse City for lease.
      310 W Front St, Traverse City, MI 49684
      View Details
    • $21 SF/Yr
      2,000 SF

      Downtown Traverse City Office Building

      Renovated office building with bay views in downtown Traverse City.
      250 E Front St, Traverse City, MI 49684
      View Details
    • $495 /Mo
      105 SF

      Professional Office Space Available

      Single office units with shared amenities in Traverse City, MI.
      1212 Veterans Dr, Traverse City, MI 49684
      View Details
    • $650 /Mo
      158 SF

      Downtown Traverse City Office Space

      Office space in downtown Traverse City with river views.
      309 E Front St, Traverse City, MI 49684
      View Details
    • New
      $22 SF/Yr
      2,182 SF

      Downtown Traverse City Retail/Office Condo

      New commercial condo in downtown Traverse City, available 2025.
      232 E State St, Traverse City, MI 49684
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4952 Skyview Ct
    Traverse City, MI 49684-6970
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.