Flex/Service Facility with Outdoor
For Sale
$950,000
6264 King Highway, Kalamazoo, MI 49048
COMMERCIAL - Kalamazoo, MI
Property Size5,213 SF
Lot Size0.98 Acres
Price / SF$182.24
Days on Market82
Property Features for 6264 King Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
CC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Comstock
Middle school district
Comstock
High school district
Comstock
Standard status
Active
APN
07-20-110-331
Size
5,213 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
On file.
Tax Annual Amount
3091
Legal Description
On file.
Utilities
Utilities
Phone Available
Heating system
Forced Air
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Added: Jun 3
Changed: Aug 4
Last Checked: Aug 23 at 5:06AM
MLS# 26026667
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.
An exceptional flex/service facility for sale featuring a well-maintained 5,213-square-foot building on approximately 0.98 acres. The layout is described as versatile and suitable for service, contractor, light industrial, flex, warehouse, or specialty trade users. The property also includes ample outdoor parking and storage opportunities, supporting needs for fleet vehicles, equipment, materials, or expanded operational space. Overall, the building is in good condition and designed to function as a practical base for day-to-day operations.
Located in the heart of Comstock Township at 6264 King Highway, the site benefits from direct frontage on Kings Highway. The listing notes strong visibility and convenient access to major transportation corridors, along with steady daily traffic counts of 9,297 vehicles per day on Kings Highway (MDOT '24). Zoned CC – Comstock Center, the property is positioned for users seeking a centrally accessible location.
This offering should appeal to owner-users who value a functional facility with outdoor storage and straightforward operational flexibility. It may also fit investors looking for a property that can be marketed to multiple industrial and service-focused tenant categories, supported by visibility, access, and the ability to accommodate equipment and fleet needs outdoors.
Located in the heart of Comstock Township at 6264 King Highway, the site benefits from direct frontage on Kings Highway. The listing notes strong visibility and convenient access to major transportation corridors, along with steady daily traffic counts of 9,297 vehicles per day on Kings Highway (MDOT '24). Zoned CC – Comstock Center, the property is positioned for users seeking a centrally accessible location.
This offering should appeal to owner-users who value a functional facility with outdoor storage and straightforward operational flexibility. It may also fit investors looking for a property that can be marketed to multiple industrial and service-focused tenant categories, supported by visibility, access, and the ability to accommodate equipment and fleet needs outdoors.
Key Highlights
- Approximately 0.98‑acre site with a 5,213 SF flex/service building for service, contractor, light industrial, flex, warehouse, or specialty trade uses
- Located directly on Kings Highway (MDOT '24): 9,297 vehicles per day for strong exposure and convenient access
- Good‑condition building built in 1986 with forced‑air heating and a versatile interior layout
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
$78,638
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
8.28%
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%
$1,572,760
$1.6M
Cap Rate 7%
$1,123,400
$1.1M
Cap Rate 9%
$873,756
$873.8K
Market Conditions
NOI Build-Up for 5,213 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
$115.1K $22.08/SF
− Vacancy
−$2.8K −$0.53/SF
EGI
$112.3K $21.55/SF
− OpEx
−$33.7K −$6.47/SF
NOI
$78.6K $15.09/SF
Area
Kalamazoo County, MI
Vacancy
2.40%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
30.00%
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%
$1,572,760
Cap Rate 7%
$1,123,400
Cap Rate 9%
$873,756
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,489 @ 7.0% cap · market cap 10.05%
Second Best
Industrial
$1.12M
$983.0K – $1.31M
NOI $78,638 @ 7.0% cap · market cap 8.28%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Well-maintained flex building with ample parking and outdoor storage for contractor, light industrial, or specialty trade operations.
Where is this flex space located?
The property is located at 6264 King Highway Kalamazoo, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 0.98‑acre site with a 5,213 SF flex/service building for service, contractor, light industrial, flex, warehouse, or specialty trade uses; Located directly on Kings Highway (MDOT '24): 9,297 vehicles per day for strong exposure and convenient access; Good‑condition building built in 1986 with forced‑air heating and a versatile interior layout
