3250 W Centre Ave Portage MI 49024 Portage, MI 49024
High-traffic location, stable income, and ample parking.
Property Features for 3250 W Centre Ave Portage MI 49024
General Information
- Standard status
- Active
- Size
- 4,776 SF
- Property subtype
- Office
Building Details
- Year Built
- 1994
Listing office Callander Commercial (269) 930-1679
Listing date Apr 1, 2026
Source Cpix.resimplifi
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Investment Insights
Based on property information with market context.
Key Highlights
- Immediate, stable income from existing lease to Stewart Title d/b/a Devon Title.
- High‑traffic Centre Avenue corridor location with excellent visibility and convenient access.
- Newly renovated and well‑maintained office condominium.
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 | $68.8k | $14.40 |
| − Vacancy | −$5.0k | −$1.04 |
| EGI | $63.8k | $13.36 |
| − OpEx | −$16.0k | −$3.34 |
| NOI | $47.9k | $10.02 |
