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Property profile & analytics
FOR LEASE
Industrial properties
1206 Crosstown Pkwy, Kalamazoo, MI 49001-2563
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-4300100
For Lease
1 / 22
$7 SF/Yr
1206 Crosstown Pkwy, Kalamazoo, MI 49001-2563
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Property summary
AI-generated overview
This single-story, 24,424-square-foot industrial building in Kalamazoo, Michigan, is available for lease. Located at 1206 E Crosstown Parkway (near Mills St & King Highway), this property offers seven suites, ranging from 2,184 to 24,424 contiguous square feet. Built in 1962, the building features a 14-foot ceiling height and ample parking. The warehouse area includes two loading docks, a recently installed fire suppression system, and upgraded electrical systems. Office space is also available, including a conference room and separate entrances. The 1.75-acre lot provides a secure area with private remote gates. The property's versatile design makes it suitable for various manufacturing, warehouse, and distribution needs. The Kalamazoo County location offers convenient access to downtown Kalamazoo and major transportation routes. The property's APN is 06-23-135-014. Currently, the entire 24,424 square feet is vacant and available for lease. The building has a 264-foot frontage.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
24,424 SF
Lot
1.75 ac (76,230 SF)
Zoning code
M-1
APN
06-23-135-014
UPID
US43-4300100
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clark Logistics Group Xli LLC · 2 yrs held
Clark Logistics Group Xli LLC
since 2023
6 recorded transactions
Zoning & alternative use
M-1 · Kalamazoo, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kalamazoo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kalamazoo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$16,248
Tax year 2019
Assessed value
$284,600
Assessed 2023
Previous assessed
$284,600
+0.0% YoY
Effective rate
5.71%
On assessed value
Total market value
$569,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Heating
FORCED AIR
Stories
1
Total area
24,424 SF
Lot
1.75 ac (76,230 SF)
Zoning code
M-1
APN
06-23-135-014
UPID
US43-4300100
Jurisdiction
KALAMAZOO
Zoning & alternative use
M-1 · Kalamazoo, MI
Zoning M-1 · permitted uses
M-1 · Kalamazoo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kalamazoo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Clark Logistics Group Xli LLC
Entity
Mailing address
3700 E MILHAM AVEA, PORTAGE, MI 49002-9777
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
—
Clark Logistics Group Xli LLC
Hcd Properties LLC
Warranty Deed
$600,000 · Ubank
Jun 28, 2023
—
Hcd Properties LLC
Bmr Real Property Management LLC
Deed In Lieu Of Foreclosure
related
—
Jul 12, 2021
—
Bmr Real Property Management LLC
Hcd Properties LLC
Land Contract
—
Mar 18, 2020
—
Hcd Properties LLC
—
Deed
related
$475,000 · Mercantile Bank Of Michigan
Mar 16, 2020
—
Hcd Properties Lln
—
Deed
related
$640,000 · Mercantile Bank Of Michigan
Sep 17, 2013
$9,500
Hcd Properties LLC
Mary Belkema
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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