Entity Owned 
For Lease
1 / 14
$18 SF/Yr
350 E Michigan Ave,Unit STE 405/435, Kalamazoo, MI 49007
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Property summary
AI-generated overview
The historic Columbia Plaza is a multi-tenant building located in downtown Kalamazoo in the professional office, retail, and entertainment district, positioned on the corner of Michigan Avenue and Portage Street. The building contains office and retail space and features a six-story atrium that brings natural light into the interior. A glass elevator provides ADA-accessible service to each floor. On-site surface parking is available, and Sarkozy Bakery and Cafe operates within the building. The space configuration supports both small and large format office uses, with finishes described as updated.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
53,719 SF
Lot
1.09 ac (47,480 SF)
Zoning code
CCBD
APN
06-15-420-115
UPID
US43-2423956
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
Dental Office
-
Accounting Firm Tax Preparation
-
Business Service Center Corporate Office
-
Association Or Organization
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$4.91M
Owner & transaction history
since 2007
1 recorded transaction
Zoning & alternative use
CCBD · Kalamazoo, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$4.91M
Value range
$4.41M – $5.40M
±10% around blend
Estimated value / SF
$91 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$4.41M
blend $4.91M
$5.40M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,719 SF
Lot area
1.09 ac
Stories
1
APN
06-15-420-115
Zoning
CCBD
Assessed value
$2,539,000
Annual tax
$105,040
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$105,040
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.90M
Range $1.12M – $4.90M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.91M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 27 sales
$72
+26%
Submarket 261 sales
$82
+11%
County 325 sales
$79
+16%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $91/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$876k
Move the market yield to see immediate price impact.
Value / SF
$16
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$55k
$1.10M
$789k
$613k
$61k
$1.23M
$876k
$682k
$67k
$1.35M
$964k
$750k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$105,040
Tax year 2019
Assessed value
$2,539,000
Assessed 2023
Previous assessed
$2,539,000
+0.0% YoY
Effective rate
4.14%
On assessed value
Total market value
$5,078,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
FORCED AIR
Stories
1
Total area
53,719 SF
Lot
1.09 ac (47,480 SF)
Zoning code
CCBD
APN
06-15-420-115
UPID
US43-2423956
Jurisdiction
KALAMAZOO
Zoning & alternative use
CCBD · Kalamazoo, MIZoning CCBD · permitted uses
CCBD · Kalamazoo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
1.09 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CCBD
Jurisdiction
Kalamazoo, MI
Recorded code
CCBD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CCBD in Kalamazoo, MI.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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