Class A Medical Office
For Sale
$1,700,000
7971 Moorsbridge Road, Portage, MI 49024
Constructed in 2009, this move-in-ready medical office building features high ceilings and premium interior fit-and-finish.
Property Size6,331 SF
Price / SF$268.52
Days on Market519
Property Features for 7971 Moorsbridge Road
General Information
Standard status
Active
Size
6,331 SF
Class
C
Property subtype
Office
Zoning
OFFICE
Building Details
Building Size
6,331 SF
Year Built
2009
Buildings
1
Stories
1
Listing Agency:
Callander Commercial
Listed By:
Matt Callander · License #6501303339
(269) 271-5187
Source:
Cpix.resimplifi
Added: Apr 7, 2025
Changed: Aug 8
Last Checked: Jul 23 at 12:22PM
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 Callander Commercial
Investment Insights
Based on property information with market context.
This Class A+ medical office building was constructed in 2009 and is described as move-in ready with lightly used condition. The interior includes high ceilings and top-tier fit and finish.
The property is located on a hard corner adjacent to Moors Golf Course. It is positioned near US-131 Highway and is described as being near strong demographics and high household income.
As a professional medical office building, it is presented as suitable for physician group, health system, or private practitioner use, with flexibility also noted for professional office users such as law firm, wealth manager, and accounting.
The property is located on a hard corner adjacent to Moors Golf Course. It is positioned near US-131 Highway and is described as being near strong demographics and high household income.
As a professional medical office building, it is presented as suitable for physician group, health system, or private practitioner use, with flexibility also noted for professional office users such as law firm, wealth manager, and accounting.
Key Highlights
- Medical office building constructed in 2009
- Move‑in‑ready space with high ceilings and premium interior fit‑and‑finish
- Lightly used building suitable for a physician group, health system, or private practitioner
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,452
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,269,040
$1.3M
Cap Rate 7%
$906,457
$906.5K
Cap Rate 9%
$705,022
$705.0K
Market Conditions
NOI Build-Up for 6,331 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$91.2K $14.40/SF
− Vacancy
−$6.6K −$1.04/SF
EGI
$84.6K $13.36/SF
− OpEx
−$21.2K −$3.34/SF
NOI
$63.5K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,269,040
Cap Rate 7%
$906,457
Cap Rate 9%
$705,022
Alternative Uses
Best Use
Office B
$906.5K
$793.2K – $1.06M
NOI $63,452 @ 7.0% cap · market cap 3.73%
Second Best
Healthcare Medical
$813.2K
$711.5K – $948.7K
NOI $56,922 @ 7.0% cap · market cap 3.35%
Theoretical Best
Warehouse
$1.66M
$1.45M – $1.93M
NOI $115,969 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49024, MI
30,332
Population
13,232
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
1,763
Density / Sq Mi
$86,427
Median Household Income
$49,914
Median Earnings
$1,208
Median Rent
$248,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Constructed in 2009, this move-in-ready medical office building features high ceilings and premium interior fit-and-finish.
Where is this medical office space located?
The property is located at 7971 Moorsbridge Road Portage, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Medical office building constructed in 2009; Move‑in‑ready space with high ceilings and premium interior fit‑and‑finish; Lightly used building suitable for a physician group, health system, or private practitioner
