Property profile

528 Hughes Dr Traverse City, MI 49696

FOR LEASE
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Property ID
US43-2506616
11,596 SF 4.79 ac Built 1987
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

Unit B is a 2,400-square-foot warehouse space located at 528 Hughes Drive in a building constructed in 1984. The interior is primarily open-plan with one small storage room, 10-foot ceiling height, and an 8-foot-tall overhead garage door; the space is heated and insulated. It does not include water service or a bathroom. The property is situated near the intersection area of Garfield Road and Hammond Road in Traverse City. The building is arranged for a modified gross lease structure, where the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$295k
Effective rate4.83%

Value estimate

· Nov 2026
$740k
$666k – $814k
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$1k
Operating expenses−$3k
NOI · 954.95% cap applied$19k

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?
954.95%
$19k 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 agency9.8
Auto Parts Store9.5
Auto Repair Shop9.3

Location

528 Hughes Dr Traverse City, MI 49696
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

16 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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