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    The Largest CRE Database in the US with Over 1 Million Listings

    Richard Macdonald, Portage, MI

    License ID: 6​5​0​2​1​3​9​6​5​7
    Hinman Company
    Association
    Greater Kalamazoo Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (269) 342-8600
    Office Address:
    750 Trade Ctr Way Ste 100, Portage, MI, 49002

    Performance

    Listings
    35

    Listings

    For Lease (35)

    View map
    • $19 SF/Yr
      77,284 SF

      Downtown Kalamazoo Office Space

      Class A Office Suites, 923-5256 SF
      136 Michigan Ave, Kalamazoo, MI 49007
      View Details
    • Contact for pricing
      78,844 SF

      Kentwood Pad Site Opportunity

      1.81-acre build-to-suit land
      44th Se & Patterson Ave, Kentwood, MI 49512
      View Details
    • $14 SF/Yr
      38,583 SF

      Grand Rapids Office Space

      Class B Office, Suburban Location
      3040 Charlevoix Dr, Grand Rapids, MI 49546
      View Details
    • $12 SF/Yr
      29,397 SF

      2600 Horizon Office Space

      Grand Rapids Office: 14,237-29,397 SF
      2600 Horizon Dr, Grand Rapids, MI 49546
      View Details
    • Contact for pricing
      17,424 SF

      Portage Commercial Land Opportunity

      0.4-acre build-to-suit site in Portage, MI
      5024 Westnedge Ave, Portage, MI 49002
      View Details
    • $21 SF/Yr
      57,040 SF

      Abbott Center I

      Office space • 57,040 SF
      1400 Abbot Rd, East Lansing, MI 48823
      View Details
    • $19 SF/Yr
      79,157 SF

      Glenwood Hills

      Office space • 79,157 SF
      3196 Kraft Ave, Grand Rapids, MI 49512
      View Details
    • $12 SF/Yr
      20,206 SF

      West Main Place Retail Space

      Kalamazoo flex space for lease. High traffic area.
      678 Maple Hill Dr, Kalamazoo, MI 49009
      View Details
    • $15 SF/Yr
      34,953 SF

      49 West Michigan

      Office space • 34,953 SF
      49 Michigan Ave, Battle Creek, MI 49017
      View Details
    • $17 SF/Yr
      46,832 SF

      Terrace Point Office Suites

      Muskegon Waterfront Office Space
      700 Ter Pt Rd, Muskegon, MI 49440
      View Details
    • Contact for pricing
      136,000 SF

      Grand Rapids Class A Office Space

      136,000 SF Build-to-Suit, Suburban Location
      5501 Glenwood Hills Pkwy, Grand Rapids, MI 49512
      View Details
    • $9 SF/Yr
      29,209 SF

      Grand Rapids Office Space

      Suburban Flex Office, Cascade
      2660 Horizon Dr, Grand Rapids, MI 49546
      View Details
    • $16 SF/Yr
      119,890 SF

      Terrace Plaza Office Suites

      Downtown Muskegon Office Space: Modern Amenities
      316 Morris Ave, Muskegon, MI 49440
      View Details
    • $21 SF/Yr
      100,595 SF

      650 Trade Centre

      Office space • 100,595 SF
      650 Trade Centre Way, Portage, MI 49002
      View Details
    • $23 SF/Yr
      79,029 SF

      750 Trade Centre Office Space

      Class A Portage Office, 79,029 SF
      750 Trade Centre Way, Portage, MI 49002
      View Details
    • $23 SF/Yr
      109,006 SF

      950 Trade Centre

      Office space • 109,006 SF
      950 Trade Centre Way, Portage, MI 49002
      View Details
    • $9 SF/Yr
      39,878 SF

      Grand Rapids Office Space

      Suburban Flex Office, 39,878 SF
      4665 44Th St, Kentwood, MI 49512
      View Details
    • $19 SF/Yr
      46,393 SF

      Stadium Shoppes Retail Space

      Kalamazoo retail space, multiple tenants.
      3300 Stadium Dr, Kalamazoo, MI 49008
      View Details
    • $18 SF/Yr
      111,793 SF

      77 Monroe Center St

      Office space • 111,793 SF
      77 Monroe Center St, Grand Rapids, MI 49503
      View Details
    • Contact for pricing
      140,263 SF

      Portage Commercial Land Opportunity

      3.22-acre build-to-suit site in Portage
      5110 Westnedge Ave, Portage, MI 49002
      View Details
    • Contact for pricing
      40,511 SF

      Wyoming Retail Pad Site

      0.93-acre build-to-suit opportunity
      28th Sw & Riley Ave, Wyoming, MI 49509
      View Details
    • Contact for pricing
      331,056 SF

      Battle Creek Commercial Land

      7.6-acre build-to-suit opportunity
      0 Sw & Mason Rd, Battle Creek, MI 49015
      View Details
    • $17 SF/Yr
      115,348 SF

      Key Bank Building Office Space

      Class A Downtown South Bend Office
      202 Michigan St, South Bend, IN 46601
      View Details
    • $22 SF/Yr
      47,551 SF

      Portage Retail Space Available

      High-traffic retail center, excellent visibility
      5132 Westnedge Ave, Portage, MI 49002
      View Details
    • $9 SF/Yr
      29,110 SF

      Grand Rapids Office Space

      Suburban Flex Office, 29,110 SF
      2610 Horizon Dr, Grand Rapids, MI 49546
      View Details
    • $12 SF/Yr
      5,689 SF

      Grand Rapids Industrial Flex Space

      5,689 SF Flex/Warehouse, Ample Yard
      2700 Northern Dr, Grand Rapids, MI 49512
      View Details
    • Contact for pricing
      18,828 SF

      Grand Rapids Class A Office Space

      18,828 SF Build-to-Suit Office
      3030 Charlevoix Dr, Grand Rapids, MI 49546
      View Details
    • $12 SF/Yr
      65,022 SF

      Ramblewood Offices

      Office space • 65,022 SF
      2845 44Th St, Grandville, MI 49418
      View Details
    • $15 SF/Yr
      168,081 SF

      Battle Creek Tower Office Space

      Downtown Battle Creek Class A Offices
      70 Michigan Ave, Battle Creek, MI 49017
      View Details
    • Contact for pricing
      131,551 SF

      Kalamazoo Commercial Land Opportunity

      3.02 Acres, High-Traffic Location
      0 9Th St, Kalamazoo, MI 49009
      View Details
    • Contact for pricing
      168,362 SF

      1001 28th Street

      Churches & religious facilities • 168,362 SF
      1001 28Th St, Wyoming, MI 49509
      View Details
    • $15 SF/Yr
      85,558 SF

      Downtown South Bend Office Space

      Class A Office, 85,558 sqft, Multiple Tenants
      205 Jefferson Blvd, South Bend, IN 46601
      View Details
    • $12 SF/Yr
      35,088 SF

      Capital Centre Retail Space

      Battle Creek flex space for lease. High traffic area.
      2545 Capital Ave, Battle Creek, MI 49015
      View Details
    • $17 SF/Yr
      25,911 SF

      Skyrise Business Center, Kalamazoo

      Downtown Kalamazoo Office Space
      535 Burdick St, Kalamazoo, MI 49007
      View Details
    • Contact for pricing
      22,651 SF

      Grandville Pad Site Opportunity

      0.52-acre build-to-suit land, Grandville
      44th & Spartan Industrial Dr, Grandville, MI 49418
      View Details

    Leases and Sales on Map

    • For Lease

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    Richard Macdonald, 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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    Richard Macdonald, Portage, MI
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