Building Details

Building Size 14,556 SF

Year Built 1991

Stories 1

Tenancy Multi

Listing Agency: Callander Commercial Show Phone

Listed By: Eric Bolles · License #6501400653 Show Phone

Source: Danhendrick.clydehendrickrealtors

Added: Oct 19 Changed: Oct 28 Last Checked: Oct 28 at 3:13PM

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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 14,556-square-foot retail property was built in 1991 and is fully leased to two long-term tenants. The site is zoned CC.

Located at 4114 Stadium Drive in Kalamazoo, the property sits in a commercial corridor with fast-food businesses and automotive dealerships in the surrounding area.

Key Highlights

• 14,556‑square‑foot retail property built in 1991
• Fully leased to two long‑term tenants
• CC zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$100,384

Cap Rate

5.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,007,680 $2.0M

Cap Rate 7%

$1,434,057 $1.4M

Cap Rate 9%

$1,115,378 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,556 SF

Gross rent

$174.7K $12.00/SF

− Vacancy

−$31.3K −$2.15/SF

EGI

$143.4K $9.85/SF

− OpEx

−$43.0K −$2.96/SF

NOI

$100.4K $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 Rate 5%

$2,007,680

Cap Rate 7%

$1,434,057

Cap Rate 9%

$1,115,378

Alternative Uses

Best Use

Retail

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,384 @ 7.0% cap · market cap 5.03%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$3.81M

$3.33M – $4.44M (±1% cap)

NOI $266,631 @ 7.0% cap · market cap 13.36%

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

Open Analytics

Current Use

Fisher Auto Parts Auto Parts Store

Suggested Use

Top Pick Hair Salon Law Firm Pharmacy HVAC Service Nail Salon Electrical Service

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

449

Businesses Nearby

479k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 28% Dining 25% Superstores 25% Groceries 10%

Costco Wholesale Superstores

119,173 visits/mo 0.3 miles

Costco Gasoline Shops & Services

61,668 visits/mo 0.3 miles

Trader Joe's Groceries

46,082 visits/mo 0.3 miles

McDonald's Dining

25,002 visits/mo 0.1 miles

Speedway Shops & Services

24,068 visits/mo 0.5 miles

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 Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - The space is fully leased under long-term tenant commitments and carries CC zoning.

Where is this retail space located?

The property is located at 4114 Stadium Drive Kalamazoo, MI.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: 14,556‑square‑foot retail property built in 1991; Fully leased to two long‑term tenants; CC zoning