Building Details

Year Built 1968

Listing Agency: CBRE

Listed By: Nathan Scherpenisse Show Phone

Source: Carwm.resimplifi

Added: Oct 15, 2025 Changed: Oct 2 Last Checked: Oct 14 at 7:52PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE

Investment Insights

Based on property information with market context.

This retail space at 104 W Cork St offers 8,304 square feet within a building constructed in 1968. The property is identified as a former animal hospital and occupies a corner location, providing a defined commercial setting for evaluation by prospective users.

Zoned CC2, the property is situated in Kalamazoo, MI 49001. Its established building footprint and prior animal-care use provide key physical and historical context for future retail or other permitted commercial applications.

Key Highlights

• 8,304 square feet of retail space
• CC2 zoning
• Former animal hospital

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,268

Cap Rate

4.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,145,360 $1.1M

Cap Rate 7%

$818,114 $818.1K

Cap Rate 9%

$636,311 $636.3K

Market Conditions

NOI Build-Up for 8,304 SF

Gross rent

$99.6K $12.00/SF

− Vacancy

−$17.8K −$2.15/SF

EGI

$81.8K $9.85/SF

− OpEx

−$24.5K −$2.96/SF

NOI

$57.3K $6.90/SF

Area

Kalamazoo County, MI

Vacancy

17.90%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,145,360

Cap Rate 7%

$818,114

Cap Rate 9%

$636,311

Alternative Uses

Best Use

Retail

$818.1K

$715.9K – $954.5K (±1% cap)

NOI $57,268 @ 7.0% cap · market cap 4.77%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$2.17M

$1.90M – $2.54M (±1% cap)

NOI $152,109 @ 7.0% cap · market cap 12.68%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Dickson Amber DVM Veterinary Clinic Gull Lake Animal ... Veterinary Clinic Steven Baker, DVM, ... Veterinary Clinic VCA Veterinary Specialty ... Veterinary Clinic

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

416

Businesses Nearby

80k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 75% Shops & Services 22% Electronics 2% Beauty & Spa 1%

McDonald's Dining

17,006 visits/mo 0.4 miles

Taco Bell Dining

12,369 visits/mo 0.4 miles

Shell Shops & Services

10,482 visits/mo 0.2 miles

Burger King Dining

9,260 visits/mo 0.4 miles

Dunkin' Donuts Dining

7,477 visits/mo 0.4 miles

Demographics for 49001, MI

21,730

Population

9,670

Households

2.2

Avg Household Size

34

Median Age

30%

College-Educated

89%

High-School Grad

7.7 sq mi

ZIP Area

2,822

Density / Sq Mi

$52,327

Median Household Income

$35,447

Median Earnings

$1,055

Median Rent

$139,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - CC2-zoned commercial space occupies a prominent corner position in Kalamazoo.

Where is this retail space located?

The property is located at 104 W Cork St Kalamazoo, MI.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 8,304 square feet of retail space; CC2 zoning; Former animal hospital