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

    10565 Pierport Dr Portage, MI 49024

    Sponsored
    For Sale
    $60,000

    LAND - Portage, MI

    Lot size:
    0.34 Acres
    Days on Market:
    289
    Last Refresh:
    Feb 20 at 2:06 am

    Property Features for 10565 Pierport Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    10-00033-135-E
    Lot size
    0.34 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jack S Gesmundo
    Jack S Gesmundo

    American Village Builders LLC (269) 329-3634

    Listing agent Jack S Gesmundo (269) 329-3634

    Listing date May 8, 2025

    MLS# 25008841

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wooded Homesite in Established Community

    This wooded homesite is located within minutes of downtown Portage in the well-established community of Stateland Park. The homesite offers nearly 15,000 square feet for building a home. Located centrally between Eliason Nature Reserve, Prairie View County Park, Lakeview Park, and West Lake Nature Preserve, the property is situated in the city of Portage, within the Portage Public Schools district. The lot size is 0.34 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.60196
    Latitude
    42.163885

    Nearby Similar for Sale

    • $1,450,000
      14,589 SF

      Versatile Flex/Industrial Building in Portage

      Adaptable flex/industrial building near US-131, suitable for various uses.
      9340 Shaver Rd, Portage, MI 49024
      View Details
    • $4,495,000
      9.84 Acres

      Lakewood Apartments Investment Opportunity

      Well-maintained apartment complex with renovation and development potential.
      1525 Bacon Ave, Portage, MI 49002
      View Details
    • $1,990,000
      18,140 SF

      Portage Industrial Building For Sale

      18,140 SF industrial building ideal for various operations.
      9350 Shaver Rd, Portage, MI 49024
      View Details
    • $1,650,000
      7,428 SF

      Remodeled Restaurant Building Near Airport

      Remodeled 7,428 SF restaurant with high capacity and ample parking.
      5402 Portage Rd, Portage, MI 49002
      View Details
    • $225,000
      1,936 SF

      Office Space Near Portage Creek

      Office space with creek views and bike trail access.
      Portage, MI 49002
      View Details
    • New
      $1,048,000
      Pending

      Restaurant Buildings Near Crossroads Mall

      Two restaurant buildings on 1.5 acres near retail corridor.
      6905 Sears Dr, Portage, MI 49024
      View Details
    • $159,900
      1,439 SF

      Move-in Ready Portage Office Space

      Efficient 1,439 SF office suite in Portage, Michigan.
      5094 Lovers Ln, Portage, MI 49002
      View Details
    • $139,900
      1,439 SF

      Move-in Ready Portage Office Space

      Efficient 1,439 SF office suite in Portage, Michigan.
      5096 Lovers Ln, Portage, MI 49002
      View Details
    • New
      $749,000
      Pending

      Turnkey Restaurant Opportunity in Portage

      Former restaurant with furniture, fixtures, and equipment included.
      6905 Sears Dr, Portage, MI 49024
      View Details
    • $695,000
      10,520 SF

      Portage Industrial Building For Sale

      10,520 SF industrial building on 0.89 acres in Portage.
      9702 Portage Rd, Portage, MI 49002
      View Details
    • $349,900
      5,349 SF

      Commercial Lots in Portage Center

      Commercial lots with buildings in Portage Lake Center district.
      8324/8328 Portage Rd, Portage, MI 49002
      View Details
    • $549,000
      2,118 SF

      Portage Commercial Building For Sale

      2,118 SF building in excellent condition, ready for occupancy.
      7940 S Sprinkle Rd, Portage, MI 49002
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded homesite in Portage, near downtown and nature reserves.
    Where is this residential land & home lot located?
    The property is located at 10565 Pierport Dr Portage, MI.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: - Large homesite (nearly 15,000 sq ft) allows for a custom-designed home.; - Located in the established Stateland Park community, near downtown Portage.; - Access to Portage Public Schools.
    (269) 329-3603
    Request Owner's contact information
    10565 Pierport Dr Portage, MI 49024
    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.
    10565 Pierport Dr
    Portage, MI 49024
    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
    10565 Pierport Dr Portage, MI 49024
    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

    We can help!
    Listing Contact
    Jack S Gesmundo
    Jack S Gesmundo
    Real Estate License ID: 6502353959
    (269) 329-3603 (269) 329-3634 (269) 217-2057
    Learn more
    Google sign-in failed. Please try again or use another login method.