414 Walbridge Street Kalamazoo, MI 49007
Turnkey investment opportunity in the heart of Downtown Kalamazoo.
- Added:
- Feb 19, 2025
- Days on Market:
- 509
- Last Refresh:
- Jun 28 at 9:53 pm
Property Features for 414 Walbridge Street
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- BO, IND, MU
Building Details
- Year Built
- 1926
Listing office Grand Rapids Market Center East (616) 334-2630
Listing date Feb 19, 2025
Source Realnex
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 Grand Rapids Market Center East
Investment Insights
Based on property information with market context.
Key Highlights
- 10,000 sq ft building in Downtown Kalamazoo.
- Located in an opportunity zone offering potential financial benefits.
- Primed for mixed‑use development.
Local Financial Insights For Industrial
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 | $220.8k | $22.08 |
| − Vacancy | −$5.3k | −$0.53 |
| EGI | $215.5k | $21.55 |
| − OpEx | −$64.7k | −$6.47 |
| NOI | $150.9k | $15.09 |
