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Listing Agency: Jaqua, REALTORS Commercial Show Phone

Listed By: Marc R Tourangeau · License #6502355243 Show Phone

Source: Corneliusteam

Added: Aug 26 Changed: Oct 5 Last Checked: Oct 14 at 10:59PM

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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 Jaqua, REALTORS Commercial

Investment Insights

Based on property information with market context.

This 5,427 SF office unit occupies the 7th floor and offers a practical mix of private offices, open bullpen space, a conference room, and a fully equipped kitchen/breakroom. Large windows bring in natural light and overlook Bronson Park, creating a professional setting for daily operations and meetings.

The suite is at 151 S Rose Street, Suite 701, in downtown Kalamazoo, with access to the Kalamazoo Mall, restaurants, and other downtown amenities. Its combination of enclosed offices and collaborative space supports a range of office-based operations without relying on a single room configuration.

Key Highlights

• 5,427 SF office unit on the 7th floor
• Several private offices plus an open bullpen area
• Conference room and fully equipped kitchen/breakroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,392

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,087,840 $1.1M

Cap Rate 7%

$777,029 $777.0K

Cap Rate 9%

$604,356 $604.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,427 SF

Gross rent

$78.1K $14.40/SF

− Vacancy

−$5.6K −$1.04/SF

EGI

$72.5K $13.36/SF

− OpEx

−$18.1K −$3.34/SF

NOI

$54.4K $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 Rate 5%

$1,087,840

Cap Rate 7%

$777,029

Cap Rate 9%

$604,356

Alternative Uses

Best Use

Office B

$777.0K

$679.9K – $906.5K (±1% cap)

NOI $54,392 @ 7.0% cap · market cap 418,400.00%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,409 @ 7.0% cap · market cap 764,684.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Behavioral Health Psychology: ... Physician Merry Battles Counseling Counselor Comerica Bank Bank Gail M. Towne, ... Law Firm WOOD TV8 Kalamazoo ... Television Studio

Suggested Use

Top Pick Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Acupuncture Nail Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,188

Businesses Nearby

Explore this area Business Placement

Demographics for 49007, MI

10,353

Population

5,102

Households

2

Avg Household Size

31

Median Age

24%

College-Educated

84%

High-School Grad

3.5 sq mi

ZIP Area

2,958

Density / Sq Mi

$39,309

Median Household Income

$24,723

Median Earnings

$1,017

Median Rent

$103,400

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Flexible office configuration combines private work areas, shared workspace, meeting space, and a kitchen/breakroom.

Where is this office units located?

The property is located at 151 S Rose Street Suite 701 Kalamazoo, MI.

What are key features of this property?

This property features: 5,427 SF office unit on the 7th floor; Several private offices plus an open bullpen area; Conference room and fully equipped kitchen/breakroom