Freestanding Office
1516 Trimble Avenue Kalamazoo, MI 49048
1516 Trimble Avenue, Kalamazoo, MI, 49048
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For Sale
Contact for pricing
Free-standing corner office building in Kalamazoo, zoned C-1, with high visibility near Beacon Kalamazoo.
Property Size2,213 SF
Price / SF$158.16
Days on Market8
Property Features for 1516 Trimble Avenue
General Information
- Standard status
- Active
- Size
- 2,213 SF
- Property subtype
- Office
Building Details
- Year Built
- 1951
Listing agency
Jaqua Realtors Portage
(269) 217-9878
Listed by
Joanne Becker · License #MI 6502342093
Source
Crexi
Added: Jul 14 Updated: Jul 20 at 2:19AM Checked: Jul 21 at 9:39AM
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 Portage
Investment Insights
Based on property information with market context.
This beautifully appointed free-standing office building is situated on a corner lot at the intersection of Gull Road and Trimble Avenue. The property offers an office setting with established improvements suitable for professional use.
The building is described as having high visibility and is within walking distance of Beacon Kalamazoo (formerly Borgess Hospital). The property is zoned C-1, Local Business District. Please note that the parcel on Gull Road in front of the building is not owned by the Seller.
The offering is for a single freestanding office building at 1516 Trimble Avenue in Kalamazoo, Michigan.
The building is described as having high visibility and is within walking distance of Beacon Kalamazoo (formerly Borgess Hospital). The property is zoned C-1, Local Business District. Please note that the parcel on Gull Road in front of the building is not owned by the Seller.
The offering is for a single freestanding office building at 1516 Trimble Avenue in Kalamazoo, Michigan.
Key Highlights
- Free‑standing office building built in 1951
- Corner location on Gull Road and Trimble Avenue
- Zoned C‑1 (Local Business District)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $14.40 |
| − Vacancy | −$2.3k | −$1.04 |
| EGI | $29.6k | $13.36 |
| − OpEx | −$7.4k | −$3.34 |
| NOI | $22.2k | $10.02 |
2,213 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$316.9K
$277.3K – $369.7K
NOI $22,180 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$579.1K
$506.7K – $675.6K
NOI $40,537 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Austin & Koffron
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Free-standing corner office building in Kalamazoo, zoned C-1, with high visibility near Beacon Kalamazoo.
Where is this office building located?
The property is located at 1516 Trimble Avenue Kalamazoo, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Free‑standing office building built in 1951; Corner location on Gull Road and Trimble Avenue; Zoned C‑1 (Local Business District)
