Community Commercial Flex
For Sale
$299,900
3499 E Main Street, Kalamazoo, MI 49048
Move-in-ready 3,780 SF commercial building with overhead doors, small office, and one full bathroom on a 0.24-acre lot.
Property Size3,780 SF
Lot Size0.24 Acres
Price / SF$79.34
Days on Market123
Property Features for 3499 E Main Street
General Information
Standard status
Active
Size
3,780 SF
Lot size
0.24 Acres
Property subtype
Industrial
Zoning
CC
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
2
Amenities
3
Metal
6614666146
Building Details
Year Built
19
Year Renovated
2024
Listing Agency:
Epique Realty
(248) 568-5958
Listed By:
David Elwood
(248) 568-5958
Source:
Xome
Added: Apr 14
Changed: Aug 12
Last Checked: Aug 14 at 4:39AM
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 Epique Realty
Investment Insights
Based on property information with market context.
This move-in-ready commercial building offers a functional mix of workspace and support areas, including a small office and one full bathroom. The property is equipped with 10-foot and 12-foot automatic overhead doors and includes a new heating unit. Additional industrial capabilities include a high-functioning air compressor system with multiple hook-ups throughout the workspace.
Recent infrastructure improvements include a new roof installed in 2024 with a 10-year warranty, along with upgraded wall insulation and new interior siding. The site includes public water/sewer and natural gas connectivity.
The building is located in Kalamazoo Charter Township and is zoned CC (Community Commercial), which supports a range of retail, service, and office uses. The layout and overhead door configuration make it suitable for owner-operators and tenants seeking light industrial or service-oriented functionality.
Recent infrastructure improvements include a new roof installed in 2024 with a 10-year warranty, along with upgraded wall insulation and new interior siding. The site includes public water/sewer and natural gas connectivity.
The building is located in Kalamazoo Charter Township and is zoned CC (Community Commercial), which supports a range of retail, service, and office uses. The layout and overhead door configuration make it suitable for owner-operators and tenants seeking light industrial or service-oriented functionality.
Key Highlights
- 3,780 SF commercial building at 3499 E Main Street in Kalamazoo Charter Township
- Zoned CC (Community Commercial), supporting a wide range of retail, service, and office uses
- New roof installed 2024 with a 10‑year warranty plus upgraded wall insulation and new interior siding
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,068
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,360
$521.4K
Cap Rate 7%
$372,400
$372.4K
Cap Rate 9%
$289,644
$289.6K
Market Conditions
NOI Build-Up for 3,780 SF
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.
Gross rent
$45.4K $12.00/SF
− Vacancy
−$8.1K −$2.15/SF
EGI
$37.2K $9.85/SF
− OpEx
−$11.2K −$2.96/SF
NOI
$26.1K $6.90/SF
Area
Kalamazoo County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$521,360
Cap Rate 7%
$372,400
Cap Rate 9%
$289,644
Alternative Uses
Best Use
Industrial
$814.6K
$712.8K – $950.4K
NOI $57,022 @ 7.0% cap · market cap 19.01%
Second Best
Retail
$372.4K
$325.9K – $434.5K
NOI $26,068 @ 7.0% cap · market cap 8.69%
Theoretical Best
Warehouse
$989.1K
$865.5K – $1.15M
NOI $69,240 @ 7.0% cap · market cap 23.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Frances Street Hot Dogs — 3818 Francis Ave, Kalamazoo, MI 49048
Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready 3,780 SF commercial building with overhead doors, small office, and one full bathroom on a 0.24-acre lot.
Where is this flex space located?
The property is located at 3499 E Main Street Kalamazoo, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3,780 SF commercial building at 3499 E Main Street in Kalamazoo Charter Township; Zoned CC (Community Commercial), supporting a wide range of retail, service, and office uses; New roof installed 2024 with a 10‑year warranty plus upgraded wall insulation and new interior siding
