Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1206 E Crosstown Pkwy, Unit Lab Kalamazoo, MI 49001

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr

    Light industrial building suitable for lab, R&D, or cannabis uses.

    Lot size:
    1.75 Acres

    Property Features for 1206 E Crosstown Pkwy

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    1.75 Acres

    Building Details

    Year built
    1962

    We can help!

    Listing Contact
    Kara Schroer, Ccim
    Kara Schroer, Ccim
    Source: Elliman

    Listing Agency: NAI Wisinski of West Michigan - Kalamazoo Listing Agent: Kara Schroer, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Industrial/Lab Space Available

    This light industrial building offers between 2,184 and 24,454 square feet of space. The property, formerly a lab facility, presents a mix of office and production areas. It is suitable for lab, light industrial, research and development, storage, showroom, or cannabis-related operations, owing to its M-1 zoning. The building includes fire suppression and electrical upgrades. The lot is fully fenced and secured. Interior features include 10 to 14-foot ceilings and two loading docks. The property sits on 1.75 acres of land. This well-maintained facility is one of the few lab-equipped spaces currently available. The space can be subdivided. The lease term is negotiable.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    Aundreye's Kitchen

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.564452
    Latitude
    42.287209

    Nearby Similar for Lease

    • $7 SF/Yr
      20,549 SF

      Historic Building Near Downtown Kalamazoo

      20,549 SF historic building suitable for various uses.
      622 W Kalamazoo Ave, Kalamazoo, MI 49007
      View Details
    • New
      $18 SF/Yr
      36,187 SF

      Class A Office Space Available

      Multi-tenanted office building near Kalamazoo/Battle Creek International Airport.
      2725 Airview Blvd, Kalamazoo, MI 49002
      View Details
    • New
      $14 SF/Yr
      36,187 SF

      Class A Office Space Available

      Up to 13,813 RSF office space for lease.
      2725 Airview Blvd, Kalamazoo, MI 49002
      View Details
    • $20 SF/Yr
      1,928 SF

      Renovated Office Space in Kalamazoo

      Professional office building renovated in 2021, convenient location.
      1900 Whites Rd, Kalamazoo, MI 49008
      View Details
    • $12 SF/Yr
      15,740 SF

      Refinished Commercial Space on Michigan

      Refinished commercial space with exposed brick and natural light.
      340 E Michigan Ave, Kalamazoo, MI 49007
      View Details
    • $21 SF/Yr
      2,800 SF

      Restored Retail/Office Space, Kalamazoo

      Versatile 2,800 SF retail/office space in downtown Kalamazoo.
      925 S Burdick St, Kalamazoo, MI 49001
      View Details
    • $15 SF/Yr
      1,982 SF

      Retail Space on Kalamazoo Mall

      Retail space in downtown Kalamazoo with high foot traffic.
      217 S Kalamazoo Mall, Kalamazoo, MI 49007
      View Details
    • New
      $15 SF/Yr
      2,410 SF

      Restored Retail Space in Kalamazoo

      Beautifully restored retail space near upcoming Event Center.
      131 W Kalamazoo Ave, Kalamazoo, MI 49007
      View Details
    • $16 SF/Yr
      23,059 SF

      Kalamazoo R&D Office Space

      Class A office space in WMU's Business Technology Park.
      4775 Campus Dr, Kalamazoo, MI 49008
      View Details
    • $10 SF/Yr
      1,200 SF

      Functional Office Suite in Kalamazoo

      Affordable 1,200 SF office suite with ample parking.
      2650 Millcork St, Kalamazoo, MI 49001
      View Details
    • $20 SF/Yr
      2,500 SF

      Modern Office Space with Courtyard

      Renovated office space with courtyard near Downtown Kalamazoo.
      501 W Willard St, Kalamazoo, MI 49007
      View Details
    • $18 SF/Yr
      11,823 SF

      Kalamazoo Avenue Office/Retail Space

      New office/retail space near the Event Center with parking.
      615 W Kalamazoo Ave, Kalamazoo, MI 49007
      View Details

    FAQs

    What type of property is this?
    Flex space - Light industrial building suitable for lab, R&D, or cannabis uses.
    Where is this flex space located?
    The property is located at 1206 E Crosstown Pkwy, Unit Lab Kalamazoo, MI.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Versatile space suitable for lab, light industrial, R&D, storage, showroom, or cannabis-related uses (M-1 zoning).; - Rare lab-equipped space currently available in the market.; - Fully fenced and secured lot.
    (269) 353-0311
    Request Owner's contact information
    1206 E Crosstown Pkwy, Unit Lab Kalamazoo, MI 49001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1206 E Crosstown Pkwy, Unit Lab
    Kalamazoo, MI 49001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1206 E Crosstown Pkwy, Unit Lab Kalamazoo, MI 49001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kara Schroer, Ccim
    Kara Schroer, Ccim
    Real Estate License ID: 6501373674
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!