Freestanding Office
1516 Trimble Avenue Unit SourceFi Kalamazoo, MI 49048
1516 Trimble Avenue Unit SourceFi, Kalamazoo, MI, 49048
$350,000
For Sale
$350,000
Freestanding, corner-located office building with C-1 zoning in Kalamazoo, near Beacon Kalamazoo.
Property Size2,213 SF
Price / SF$158.16
Days on Market11
Property Features for 1516 Trimble Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,213 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1951
Listing agency
Chuck Jaqua, REALTOR
(269) 217-9878
Listed by
Joanne Becker · License #6502342093
(269) 217-9878
Source
Xome
Added: Jul 12 Updated: Jul 18 at 2:20AM Checked: Jul 21 at 3:14AM
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
Investment Insights
Based on property information with market context.
This beautifully appointed, free standing office building is located on a corner site. The property is zoned C-1, Local Business District. The parcel along Gull Road in front of the building is not owned by the Seller.
The building sits at the corner of Gull Road and Trimble Avenue and is described as within walking distance of Beacon Kalamazoo (formerly Borgess Hospital), supporting convenient access to a major local destination.
As an office building with a standalone site configuration, the property offers a straightforward option for businesses seeking their own facility in a locally zoned setting.
The building sits at the corner of Gull Road and Trimble Avenue and is described as within walking distance of Beacon Kalamazoo (formerly Borgess Hospital), supporting convenient access to a major local destination.
As an office building with a standalone site configuration, the property offers a straightforward option for businesses seeking their own facility in a locally zoned setting.
Key Highlights
- Freestanding office building on the corner of Gull Road and Trimble Avenue in Kalamazoo
- Zoned C‑1 (Local Business District)
- Within walking distance of Beacon Kalamazoo (formerly Borgess Hospital)
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 - Freestanding, corner-located office building with C-1 zoning in Kalamazoo, near Beacon Kalamazoo.
Where is this office building located?
The property is located at 1516 Trimble Avenue Unit SourceFi 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: Freestanding office building on the corner of Gull Road and Trimble Avenue in Kalamazoo; Zoned C‑1 (Local Business District); Within walking distance of Beacon Kalamazoo (formerly Borgess Hospital)
