Industrial Warehouse With Office
For Sale
Contact for pricing
1330 Healy Street 1, Kalamazoo, MI 49048
I-2 zoning supports distribution, service, and light manufacturing uses within a flexible industrial configuration.
Property Size12,780 SF
Days on Market48
Property Features for 1330 Healy Street 1
General Information
Standard status
Active
Size
12,780 SF
Zoning
I-2
Warehouse & Industrial
Clear Height
24 ft
Office Build-Out
1,500 SF
Building Details
Building Size
12,780 SF
Listing Agency:
Kalamazoo Commercial Real Estate
Listed By:
Chad M VanDerwall · License #6501408305
(269) 888-2755
Source:
Corneliusteam
Added: Sep 18
Changed: Oct 25
Last Checked: Nov 3 at 6:31AM
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 Kalamazoo Commercial Real Estate
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Investment Insights
Based on property information with market context.
The property comprises a 12,780 SF industrial building on nearly 1.5 acres, with approximately 1,500 SF dedicated to front office functions. The balance is configured for warehouse operations, including 24' ceilings and five overhead doors sized for varied loading needs: one measuring 12' x 14', two at 12' x 12', and two at 12' x 10'.
Zoned I-2 (Medium Industrial), the facility is positioned between King Highway and AM Vets Memorial Highway. Its configuration is suited to distribution, service, and light manufacturing operations, combining administrative space with functional warehouse capacity.
Zoned I-2 (Medium Industrial), the facility is positioned between King Highway and AM Vets Memorial Highway. Its configuration is suited to distribution, service, and light manufacturing operations, combining administrative space with functional warehouse capacity.
Key Highlights
- 12,780 SF industrial building situated on nearly 1.5 acres
- Approximately 1,500 SF of front office space
- I‑2 (Medium Industrial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,787
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,855,740
$3.9M
Cap Rate 7%
$2,754,100
$2.8M
Cap Rate 9%
$2,142,078
$2.1M
Market Conditions
NOI Build-Up for 12,780 SF
Gross rent
$282.2K $22.08/SF
− Vacancy
−$6.8K −$0.53/SF
EGI
$275.4K $21.55/SF
− OpEx
−$82.6K −$6.47/SF
NOI
$192.8K $15.09/SF
Area
Kalamazoo County, MI
Vacancy
2.40%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,855,740
Cap Rate 7%
$2,754,100
Cap Rate 9%
$2,142,078
Alternative Uses
Best Use
Warehouse
$3.34M
$2.93M – $3.90M
NOI $234,099 @ 7.0% cap · market cap 4,681,980.00%
Second Best
Industrial
$2.75M
$2.41M – $3.21M
NOI $192,787 @ 7.0% cap · market cap 3,855,740.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
24 ft
Clear height
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 49048, MI
25,067
Population
10,440
Households
2.4
Avg Household Size
36
Median Age
25%
College-Educated
90%
High-School Grad
35.1 sq mi
ZIP Area
714
Density / Sq Mi
$62,160
Median Household Income
$36,150
Median Earnings
$1,032
Median Rent
$158,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - I-2 zoning supports distribution, service, and light manufacturing uses within a flexible industrial configuration.
Where is this warehouse located?
The property is located at 1330 Healy Street 1 Kalamazoo, MI.
What are key features of this property?
This property features: 12,780 SF industrial building situated on nearly 1.5 acres; Approximately 1,500 SF of front office space; I‑2 (Medium Industrial) zoning
