Freestanding Industrial
For Sale
Contact for pricing
Pending
1828 Palmer Ave, Kalamazoo, MI 49001
Freestanding industrial building with two 14' overhead doors, two dock doors, 16'–20' ceilings, and three available cranes.
Property Size32,640 SF
Days on Market247
Property Features for 1828 Palmer Ave
General Information
Standard status
Pending
Size
32,640 SF
Property subtype
Industrial
Zoning
M2
Lease Type
Modified Gross
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
2
Additional Details
Highway Access
Yes
Amenities
cranes
Building Details
Year Built
1966
Listing Agency:
Callander Commercial
Listed By:
Sandy Edwards · License #6502342107
(269) 207-0971
Source:
Carwm.resimplifi
Added: Mar 3
Changed: Oct 26
Last Checked: Nov 3 at 3:02AM
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 Callander Commercial
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Investment Insights
Based on property information with market context.
This freestanding industrial building is designed to support warehouse and production use, with a functional layout for storage and workspace. Operational features include two 14' overhead (OH) doors and two dock doors, providing flexibility for receiving and internal movement. Ceiling heights range from 16' to 20', supporting higher stacking capacity. Three available cranes are also included, making the space well-suited for heavy manufacturing or assembly operations.
The property is located within less than 2 miles of major I-94 and a business loop, offering convenient access to regional transportation routes.
Overall, the building offers ample space for equipment, storage, and production-related needs, supported by the clear height range, loading features, and crane availability.
The property is located within less than 2 miles of major I-94 and a business loop, offering convenient access to regional transportation routes.
Overall, the building offers ample space for equipment, storage, and production-related needs, supported by the clear height range, loading features, and crane availability.
Key Highlights
- Freestanding industrial building with 16'–20' ceiling heights for high stacking capability
- Includes two 14' overhead (OH) doors
- Two dock doors for loading and receiving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$597,885
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,957,700
$12.0M
Cap Rate 7%
$8,541,214
$8.5M
Cap Rate 9%
$6,643,167
$6.6M
Market Conditions
NOI Build-Up for 32,640 SF
Gross rent
$720.7K $22.08/SF
− Vacancy
−$17.3K −$0.53/SF
EGI
$703.4K $21.55/SF
− OpEx
−$105.5K −$3.23/SF
NOI
$597.9K $18.32/SF
Area
Kalamazoo County, MI
Vacancy
2.40%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,957,700
Cap Rate 7%
$8,541,214
Cap Rate 9%
$6,643,167
Alternative Uses
Best Use
Warehouse
$8.54M
$7.47M – $9.96M
NOI $597,885 @ 7.0% cap · market cap 10,850,907.44%
Second Best
—
—
no second resolved use
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?
See the owner, sales and loan history
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Current Use
Lease Details
20 ft
Clear height
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
371
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49001, MI
21,730
Population
9,670
Households
2.2
Avg Household Size
34
Median Age
30%
College-Educated
89%
High-School Grad
7.7 sq mi
ZIP Area
2,822
Density / Sq Mi
$52,327
Median Household Income
$35,447
Median Earnings
$1,055
Median Rent
$139,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Self-Storage at U-Haul — 1004 Portage Street, Kalamazoo, MI 49001
- Paragon Storage Kalamazoo — 630 E Walnut St, Kalamazoo, MI 49007
- Allied Van Lines — 628 2nd St #200, Kalamazoo, MI 49007
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial building with two 14' overhead doors, two dock doors, 16'–20' ceilings, and three available cranes.
Where is this warehouse located?
The property is located at 1828 Palmer Ave Kalamazoo, MI.
What are key features of this property?
This property features: Freestanding industrial building with 16'–20' ceiling heights for high stacking capability; Includes two 14' overhead (OH) doors; Two dock doors for loading and receiving
