Building Details

Building Size 8,290 SF

Year Built 1974

Year Renovated 2021

Buildings 1

Stories 2

Units 4

Listing Agency: Kalamazoo Commercial Real Estate i***@kalamazoocre.com

Listed By: Andrew J Gyorkos · License #6502406462 Show Phone

Source: Buskardgroup

Added: Oct 19 Changed: Oct 23 Last Checked: Oct 22 at 2:36PM

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Investment Insights

Based on property information with market context.

The 8,290-square-foot office building contains four units and was built in 1974. Renovations in 2021 included replacement windows, siding, landscaping, sidewalks, and HVAC, along with an elevator and an ADA-compliant restroom in the common area. In 2025, the parking lot received a new surface and a lawn irrigation system was installed. The property also provides private parking for tenants and visitors.

Set among trees on Whites Road, the building sits just off Oakland Drive and across from Kalamazoo Country Club, in the Oakwood neighborhood. The property is zoned CC2.

Key Highlights

• 8,290‑square‑foot office building with four units
• 2021 work included windows, siding, landscaping, sidewalks, and HVAC
• Elevator and ADA‑compliant common‑area restroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,086

Cap Rate

7.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,661,720 $1.7M

Cap Rate 7%

$1,186,943 $1.2M

Cap Rate 9%

$923,178 $923.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,290 SF

Gross rent

$119.4K $14.40/SF

− Vacancy

−$8.6K −$1.04/SF

EGI

$110.8K $13.36/SF

− OpEx

−$27.7K −$3.34/SF

NOI

$83.1K $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%

$1,661,720

Cap Rate 7%

$1,186,943

Cap Rate 9%

$923,178

Alternative Uses

Best Use

Office B

$1.19M

$1.04M – $1.38M (±1% cap)

NOI $83,086 @ 7.0% cap · market cap 7.91%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$2.17M

$1.90M – $2.53M (±1% cap)

NOI $151,853 @ 7.0% cap · market cap 14.46%

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

Dr. Thomas L. ... Dental Office Dr. Hyland Dental Office Lynn C. Hyland, ... Dental Office PsychAssist | Psychology Assessment ... (Bike/Boat/Book/etc) Store Kalamazoo ADHD Consultants Physician

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Law Firm Hair Salon

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

Lease Details

4

Office units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

279

Businesses Nearby

Explore this area Business Placement

Demographics for 49008, MI

18,343

Population

7,124

Households

2.6

Avg Household Size

31

Median Age

55%

College-Educated

95%

High-School Grad

6.7 sq mi

ZIP Area

2,738

Density / Sq Mi

$67,339

Median Household Income

$31,756

Median Earnings

$1,005

Median Rent

$202,400

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 building - An elevator and shared ADA-compliant restroom serve the building’s four office units.

Where is this office building located?

The property is located at 1900 Whites Road Kalamazoo, MI.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: 8,290‑square‑foot office building with four units; 2021 work included windows, siding, landscaping, sidewalks, and HVAC; Elevator and ADA‑compliant common‑area restroom