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    Matthew H Callander, Portage, MI

    License ID: 6501303339
    Callander Commercial
    Association
    Commercial Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (269) 349-1000
    Office Address:
    628 W Milham Ave, Portage, MI, 49024

    Performance

    Listings
    21

    Listings

    For Sale (11)

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    • $249,000
      12.55 Acres

      Portage Industrial Land - $249,000

      12.55-acre industrial land, I-1 zoning.
      6500 Lovers Ln, Portage, MI 49002
      View Details
    • $99,000
      1.59 Acres

      Portage Industrial Land: 1.59 Acres

      Prime Portage industrial land, ideal for development.
      6710 Portage Rd, Portage, MI 49002
      View Details
    • $7,000,000
      35,650 SF

      Kalamazoo Industrial Warehouse

      35,650 SF Warehouse, $7M
      5301 Park Circle Dr, Kalamazoo, MI 49048
      View Details
    • $1,899,000
      20,940 SF

      Riverside Golf Course: Prime Opportunity

      134-acre golf course, redevelopment potential.
      245 Columbia Ave, Battle Creek, MI 49015
      View Details
    • $3,600,000
      8.63 Acres

      Portage Commercial Land - $3.6M

      8.63 Acres, High-Visibility Corner Lot
      7313 Westnedge Ave, Portage, MI 49002
      View Details
    • Contact for pricing
      340.00 Acres

      Kalamazoo Industrial Warehouse - 165,000 SF

      Prime Midwest location, 340-acre business park.
      5200 Cork Street Ct, Kalamazoo, MI 49048
      View Details
    • $990,000
      4.15 Acres

      Portage Commercial Land - $990K

      4.15-acre development site, prime location.
      7951 12Th St, Portage, MI 49024
      View Details
    • Contact for pricing
      1.00 Acre

      Prime Portage Office Development Site

      High-visibility, build-to-suit office space.
      600 Milham Ave, Portage, MI 49024
      View Details
    • $499,500
      Pending

      Turnkey Office Space Available

      Three-level, 4,349 SF office space with excellent location.
      6312 W Main St, Kalamazoo, MI 49009
      View Details
    • $99,000
      69,348 SF

      Portage I-2 Industrial Land

      1.592 acres of I-2 industrial land for sale.
      6710 Portage Rd, Portage, MI 49002
      View Details
    • $4,999,000
      76,000 SF

      76,000 SF Industrial Opportunity

      76,000 SF industrial space, ideal for warehousing or manufacturing.
      10000 Main St, Kalamazoo, MI 49009
      View Details

    For Lease (10)

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    • $17 SF/Yr
      22,529 SF

      King Highway Executive Office Suite

      Downtown Kalamazoo Office Space Available
      834 King Hwy, Kalamazoo, MI 49001
      View Details
    • $9 SF/Yr
      15,000 SF

      Kalamazoo Executive Office Space

      Class A Office, 15,000 sqft, 70 parking spaces
      4664 Campus Dr, Kalamazoo, MI 49008
      View Details
    • $13 SF/Yr
      1,951 SF

      Richland, MI Office Building For Sale

      Class A Office, 1951 sq ft, 1.88 acres
      8275 32Nd St, Richland, MI 49083
      View Details
    • $21 SF/Yr
      11,824 SF

      3110 Oakland Drive, Kalamazoo Office Space

      New construction, prime Kalamazoo location, multiple suites available.
      3110 Oakland Dr, Kalamazoo, MI 49008
      View Details
    • $16 SF/Yr
      11,312 SF

      Prestigious Portage Office Space

      Class A Office, 2,089 SF Available
      8080 Moorsbridge Rd, Portage, MI 49024
      View Details
    • $16 SF/Yr
      180,903 SF

      Kalamazoo Executive Office Space

      Class A Office, Retail & Restaurant Space
      6400 Main St, Kalamazoo, MI 49009
      View Details
    • $5 SF/Yr
      172,000 SF

      Kalamazoo Mall Executive Suites

      Downtown Kalamazoo Office Space, 7 Suites Available
      125 Kalamazoo Mall, Kalamazoo, MI 49007
      View Details
    • $28 SF/Yr
      53,070 SF

      Prime Portage Medical Office Space

      Class A, 53,070 SF, Multiple Suites Available
      7951 12Th St, Portage, MI 49024
      View Details
    • $6 SF/Yr
      300,000 SF

      Industrial Land Build-to-Suit Opportunity

      Industrial land available for build-to-suit opportunities.
      5200 Cork Street Ct, Kalamazoo, MI 49048
      View Details
    • $13 SF/Yr
      21,543 SF

      Restaurant Space in Growing Corridor

      Restaurant space with FF&E and liquor license available for purchase.
      4210 Stadium Dr, Kalamazoo, MI 49008
      View Details

    Leases and Sales on Map

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    Matthew H Callander, Portage, MI
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    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.

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