Retail Space with Open
For Sale
$475,000
8083 Vineyard Parkway, Kalamazoo, MI 49009
Commercial Sale, Kalamazoo, MI
Property Size1,903 SF
Lot Size0.12 Acres
Price / SF$249.61
Days on Market360
Property Features for 8083 Vineyard Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CBD
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Portage
Middle school district
Portage
High school district
Portage
Subdivision
Greater Kalamazoo - K
Standard status
Active
APN
09-23-115-009
Size
1,903 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
VINEYARD PARKWAY CONDOMINIUM UNIT 9 *
Tax Annual Amount
9868
Legal Description
VINEYARD PARKWAY CONDOMINIUM UNIT 9 *
Utilities
Utilities
Phone Available
Heating system
Forced Air
Amenities
ample windows
on site parking
built-in storefront counter
fairly open layout
Building Details
Year built
2022
Floors in Building
1
Number of units
1
Listing Agency:
Jaqua, REALTORS Commercial
(269) 216-4222
Listed By:
Marc R Tourangeau · License #6502355243
(269) 207-3072
Added: Oct 1, 2025
Changed: Aug 19
Last Checked: Sep 25 at 10:06PM
MLS# 26002752
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 1,903-square-foot retail space is configured with a relatively open interior, ample windows, a built-in storefront counter, and an on-site parking area. The existing build-out supports retail use and may be converted to office space. A bathroom, forced-air heating, and phone availability are also included.
Completed in 2022, the property occupies 0.12 acres within the Vineyard Parkway business park at 8083 Vineyard Parkway in Kalamazoo’s Texas Corners area. The space is offered for sale and is also available for lease.
Completed in 2022, the property occupies 0.12 acres within the Vineyard Parkway business park at 8083 Vineyard Parkway in Kalamazoo’s Texas Corners area. The space is offered for sale and is also available for lease.
Key Highlights
- 1,903 square feet of retail space
- Built in 2022 on a 0.12‑acre site
- Existing retail build‑out with potential office conversion
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
$19,073
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
4.02%
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%
$381,460
$381.5K
Cap Rate 7%
$272,471
$272.5K
Cap Rate 9%
$211,922
$211.9K
Market Conditions
NOI Build-Up for 1,903 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
$27.4K $14.40/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$25.4K $13.36/SF
− OpEx
−$6.4K −$3.34/SF
NOI
$19.1K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$381,460
Cap Rate 7%
$272,471
Cap Rate 9%
$211,922
Alternative Uses
Best Use
Office B
$272.5K
$238.4K – $317.9K
NOI $19,073 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$187.5K
$164.1K – $218.7K
NOI $13,124 @ 7.0% cap · market cap 2.76%
Theoretical Best
Warehouse
$498.0K
$435.7K – $581.0K
NOI $34,858 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 49009, MI
47,188
Population
20,609
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
462
Density / Sq Mi
$82,364
Median Household Income
$44,702
Median Earnings
$1,089
Median Rent
$330,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Retail space - Built-out space includes ample windows, on-site parking, and a storefront counter.
Where is this retail space located?
The property is located at 8083 Vineyard Parkway Kalamazoo, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,903 square feet of retail space; Built in 2022 on a 0.12‑acre site; Existing retail build‑out with potential office conversion
