Large Office Building with Canopy
For Sale
$1,600,000
3630 Capital Avenue SW, Battle Creek, MI 49015
COMMERCIAL - Battle Creek, MI
Property Size16,200 SF
Lot Size3.05 Acres
Price / SF$98.77
Days on Market121
Property Features for 3630 Capital Avenue SW
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 5
Parking
94
Interior features
Broadband
Elementary school district
Lakeview
Middle school district
Lakeview
High school district
Lakeview
Standard status
Active
APN
52-0085-00-912-0
Size
16,200 SF
Lot size
3.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Per title
Tax Annual Amount
2431
Legal Description
Per title
Utilities
Heating system
Space Heater, Ductless (Heating)
Cooling system
Central Air
Amenities
covered canopy entrance
well manicured landscaping
Building Details
Year built
1996
Number of units
1
Building materials
Wood Siding, Brick
Roof type
Composition
Listing Agency:
Berkshire Hathaway HomeServices Michigan Real Estate
(269) 565-3322
Listed By:
William Coats · License #6506040497
(269) 565-3311
Added: Apr 27
Changed: Aug 4
Last Checked: Aug 25 at 6:06AM
MLS# 26018203
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.
Investment Insights
Based on property information with market context.
This large office building offers a well-apportioned main lobby and a covered canopy entrance. The property is presented as a versatile facility, with potential uses referenced as medical, assisted living, child care, or a rehab center.
Located at 3630 Capital Avenue SW in Battle Creek, Michigan, the site sits on over three acres of well-manicured landscaping and includes ample parking. The remarks also note a convenient location near I-94 and M-66.
The offering is for a 16,200 square-foot building.
Located at 3630 Capital Avenue SW in Battle Creek, Michigan, the site sits on over three acres of well-manicured landscaping and includes ample parking. The remarks also note a convenient location near I-94 and M-66.
The offering is for a 16,200 square-foot building.
Key Highlights
- Large office building with over 16,000 SF in a peaceful setting
- Built in 1996 with wood siding and brick exterior materials
- Central air cooling plus ductless (heating) and space heater heat sources
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,138
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,462,760
$2.5M
Cap Rate 7%
$1,759,114
$1.8M
Cap Rate 9%
$1,368,200
$1.4M
Market Conditions
NOI Build-Up for 16,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$237.2K $14.64/SF
− Vacancy
−$13.3K −$0.82/SF
EGI
$223.9K $13.82/SF
− OpEx
−$100.7K −$6.22/SF
NOI
$123.1K $7.60/SF
Area
Calhoun County, MI
Vacancy
5.60%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,462,760
Cap Rate 7%
$1,759,114
Cap Rate 9%
$1,368,200
Alternative Uses
Best Use
Healthcare Medical
$192.17M
$168.15M – $224.20M
NOI $13,451,914 @ 7.0% cap · market cap 840.74%
Second Best
Office B
$2.55M
$2.23M – $2.97M
NOI $178,465 @ 7.0% cap · market cap 11.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 49015, MI
28,008
Population
12,522
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
91%
High-School Grad
27.2 sq mi
ZIP Area
1,030
Density / Sq Mi
$67,719
Median Household Income
$39,900
Median Earnings
$980
Median Rent
$171,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Large office building with a well-appointed main lobby and covered canopy entrance, set on over three acres with ample parking.
Where is this office building located?
The property is located at 3630 Capital Avenue SW Battle Creek, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Large office building with over 16,000 SF in a peaceful setting; Built in 1996 with wood siding and brick exterior materials; Central air cooling plus ductless (heating) and space heater heat sources
