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    Portage Light Industrial Building Title is generated by Realmo AI

    9702 Portage Road, Portage, MI 49002

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    Claim this Listing
    For Lease
    $7 SF/Yr $6,136/Mo (calc)

    COMMERCIAL - Portage, MI

    Property size:
    10,520 SF
    Lot size:
    0.89 Acres
    Added:
    Dec 1, 2025
    Days on Market:
    181
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for 9702 Portage Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Fireplace
    1
    Standard status
    Active
    APN
    10-00026-065-O
    Size
    10,520 SF
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SEC 26-3-11 BEG AT A PT ON W LI PORTAGE RD 201.22 FT N OF CTR LI STANLEY AVE IN SEC 26, TH NELY ALG SD W LI 167.68 FT, TH W 230.47 FT, TH SWLY PAR CL PORTAGE ROAD 28.9 FT, TH S 136.81 FT, TH E 206.47 FT TO PL OF BEG.

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1949

    We can help!

    Listing Contact
    Dane L Davis

    Listing agent Dane L Davis License #6502376827

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date Dec 1, 2025

    MLS# 25060214

    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.

    HighLights

    • Excellent visibility fronting Portage Road.
    • Minutes from I‑94 and US‑131.
    • 10,520 SF light industrial building on 0.89 acres.
    • Features a loading dock and large overhead door.
    • Benefit from the 15‑foot clear span ceilings with one area reaching 25 feet.
    • Recent improvements include new HVAC in front offices, updated drywall, and refreshed bathrooms.

    Overview

    This 10,520 square foot light industrial building is situated on 0.89 acres in Portage, Michigan. The property is located minutes from I-94 and US-131, offering excellent visibility on Portage Road. The building features a loading dock, a large overhead door, and clear span ceilings of 15 feet, with one area reaching 25 feet. Recent improvements include new HVAC in the front offices, updated drywall, two refreshed bathrooms, and an employee shower. The building includes 5-inch concrete floors throughout, new concrete at the rear overhead door, and a sloped floor towards dual trench drains in the main open area. The layout is clean and functional, making it suitable for a range of industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.568048
    Latitude
    42.17634

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    FAQs

    What type of property is this?
    Warehouse - 10,520 SF industrial building in Portage, Michigan for lease.
    Where is this warehouse located?
    The property is located at 9702 Portage Road Portage, MI.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility fronting Portage Road.; Minutes from I‑94 and US‑131.; 10,520 SF light industrial building on 0.89 acres.
    (269) 459-0434
    We can help!
    Listing Contact
    Dane L Davis
    Real Estate License ID: 6502376827
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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.

    More about this property
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