Freestanding Office
For Sale
$249,900
1516 Trimble Ave, Kalamazoo, MI 49048
C-1 zoning supports office use and some retail activity at this corner property.
Property Size2,213 SF
Price / SF$112.92
Days on Market53
Property Features for 1516 Trimble Ave
General Information
Standard status
Active
Size
2,213 SF
Zoning
C-1
Building Details
Year Built
1951
Listing Agency:
Chuck Jaqua, REALTOR
Listed By:
Joanne K Becker · License #6502342093
(269) 217-9878
Source:
Katie-k
Added: Sep 13
Changed: Oct 25
Last Checked: Oct 7 at 3:52PM
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 Chuck Jaqua, REALTOR
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office building contains 2,213 square feet and was constructed in 1951. The property is positioned at the corner of Gull Road and Trimble Avenue, with a configuration suited to office occupancy and zoning that also permits some retail use.
The building is within walking distance of Beacon Kalamazoo, formerly Borgess Hospital. The parcel along Gull Road in front of the building is not owned by the seller and should be considered separately when evaluating the property.
The building is within walking distance of Beacon Kalamazoo, formerly Borgess Hospital. The parcel along Gull Road in front of the building is not owned by the seller and should be considered separately when evaluating the property.
Key Highlights
- 2,213‑square‑foot freestanding office building
- Constructed in 1951
- Located at the corner of Gull Road and Trimble Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,180
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,600
$443.6K
Cap Rate 7%
$316,857
$316.9K
Cap Rate 9%
$246,444
$246.4K
Market Conditions
NOI Build-Up for 2,213 SF
Gross rent
$31.9K $14.40/SF
− Vacancy
−$2.3K −$1.04/SF
EGI
$29.6K $13.36/SF
− OpEx
−$7.4K −$3.34/SF
NOI
$22.2K $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%
$443,600
Cap Rate 7%
$316,857
Cap Rate 9%
$246,444
Alternative Uses
Best Use
Office B
$316.9K
$277.3K – $369.7K
NOI $22,180 @ 7.0% cap · market cap 8.88%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$579.1K
$506.7K – $675.6K
NOI $40,537 @ 7.0% cap · market cap 16.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - C-1 zoning supports office use and some retail activity at this corner property.
Where is this office building located?
The property is located at 1516 Trimble Ave Kalamazoo, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,213‑square‑foot freestanding office building; Constructed in 1951; Located at the corner of Gull Road and Trimble Avenue
