Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Executive Office Space For Lease Title is generated by Realmo AI

    1400 W Milham Ave 114, Portage, MI 49024

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $61 SF/Yr

    Executive office spaces available with included amenities and utilities.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    28
    Last Refresh:
    Apr 24 at 6:01 pm

    Property Features for 1400 W Milham Ave 114

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Bailey Aivars

    Listing agent Bailey Aivars

    Listing office NAI Wisinski of West Michigan

    Listing date Apr 24, 2026

    Source Elliman

    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 NAI Wisinski of West Michigan

    HighLights

    • All utilities included in monthly rent ($450/month)
    • Free internet access
    • Access to shared conference room and breakroom/kitchenette
    • Convenient location with easy access to I‑94, Oakland Drive, and Westnedge Avenue
    • On‑site parking available
    • Located on a bus line

    Overview

    Executive office space is available for lease on Milham Avenue. The office building offers up to four executive office spaces for lease. Included amenities are a conference room, breakroom/kitchenette, on-site parking, and free internet. All utilities are included. The tenant is responsible for in-suite janitorial services. The property is strategically located with easy access from I-94 at Oakland Drive and is minutes from Westnedge Avenue, providing connectivity to Portage and Kalamazoo. The property is located on the bus line. It features abundant surface parking and two building entrances/exits. The location has a bike score of 69, indicating it is bikeable, and a walk score of 49, indicating it is car-dependent. The lease term is up to 60 months. This space is suitable for professionals seeking a private, quiet office environment.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.572809
    Latitude
    42.230084

    Nearby Similar for Lease

    • $10 SF/Yr
      3,450 SF

      Move-in-Ready Office Space Available

      Highly visible Portage office space with flexible layout and parking.
      2401 E Milham Avenue, Portage, MI 49002
      View Details
    • $61 SF/Yr
      5,000 SF

      Executive Office Space Available

      Executive office space for lease with included amenities.
      1400 W Milham Avenue, Portage, MI 49024
      View Details
    • $61 SF/Yr
      5,000 SF

      Executive Office Space Available

      Executive office spaces for lease with included amenities and utilities.
      1400 W Milham Avenue, Portage, MI 49024
      View Details
    • $61 SF/Yr
      5,000 SF

      Executive Office Space Available

      Executive office space for lease with included amenities and utilities.
      1400 W Milham Avenue, Portage, MI 49024
      View Details
    • $61 SF/Yr
      5,000 SF

      Milham Avenue Executive Office Space

      Executive office space for lease with included amenities.
      1400 W Milham Avenue, Portage, MI 49024
      View Details
    • $12 SF/Yr
      2,663 SF

      Move-in Ready Portage Office Space

      Office space for sublease off Romence Road in Portage.
      614 Romence Road, Portage, MI 49024
      View Details
    • $10 SF/Yr
      14,589 SF

      Versatile Flex Space Near US-131

      Adaptable flex space ideal for various business needs near US-131.
      9340 Shaver Road, Portage, MI 49024
      View Details
    • $12 SF/Yr
      14,896 SF

      Office Units in Portage, MI

      Move-in ready office units with easy access to I-94.
      5930 Lovers Lane, Portage, MI 49002
      View Details
    • $54 SF/Yr
      221 SF

      Class A Office Suites Available

      Move-in ready executive suites in Portage's Woodbridge Hills development.
      7950 Moorsbridge Road, Portage, MI 49024
      View Details
    • $10 SF/Yr
      1,761 SF

      Move-in Ready Office Space Available

      Highly visible Portage office space with flexible layout and ample parking.
      2401 E Milham Avenue, Portage, MI 49002
      View Details
    • $11 SF/Yr
      9,010 SF

      Portage Commercial Space For Rent

      Flexible office/warehouse/retail space with easy highway access.
      2314 Helen Avenue, Portage, MI 49002
      View Details
    • $10 SF/Yr
      1,689 SF

      Move-in Ready Office Space

      Highly visible Portage office space for lease near major employers.
      2401 E Milham Avenue, Portage, MI 49002
      View Details

    FAQs

    What type of property is this?
    Office units - Executive office spaces available with included amenities and utilities.
    Where is this office units located?
    The property is located at 1400 W Milham Ave 114 Portage, MI.
    What is the lease rate?
    The lease rate is $61 SF/Yr.
    What are key features of this property?
    This property features: All utilities included in monthly rent ($450/month); Free internet access; Access to shared conference room and breakroom/kitchenette
    (269) 459-0433
    We can help!
    Listing Contact
    Bailey Aivars
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1400 W Milham Ave 114, Portage, MI 49024
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!