Building Details

Building Size 14,881 SF

Listing Agency: NAI Wisinski of West Michigan Show Phone

Listed By: Kara Schroer · License #6501373674 Show Phone

Source: Alexmi

Added: Jul 20 Changed: Oct 7 Last Checked: Oct 14 at 10:24PM

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Investment Insights

Based on property information with market context.

This 14,881-square-foot industrial warehouse offers divisible space configurations of 4,640 square feet and 9,493 square feet. Interior features include ceiling heights ranging from 18 to 22 feet, one dock door, and four overhead doors. The property is supported by a fenced and gated site with ample paved parking, and outdoor storage may be possible.

The building is located on Wayne Road in Springfield, near Fort Custer Industrial Park and just outside Battle Creek. Its warehouse layout and loading features support a range of storage and industrial operations.

Key Highlights

• 14,881 SF industrial building near Fort Custer Industrial Park
• Divisible to 4,640 SF or 9,493 SF
• 18 to 22' ceiling heights

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,035

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,840,700 $1.8M

Cap Rate 7%

$1,314,786 $1.3M

Cap Rate 9%

$1,022,611 $1.0M

What to ask about pricing

Market Conditions

NOI Build-Up for 14,881 SF

Gross rent

$141.1K $9.48/SF

− Vacancy

−$9.6K −$0.64/SF

EGI

$131.5K $8.84/SF

− OpEx

−$39.4K −$2.65/SF

NOI

$92.0K $6.18/SF

Area

Calhoun County, MI

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,840,700

Cap Rate 7%

$1,314,786

Cap Rate 9%

$1,022,611

Alternative Uses

Best Use

Flex RnD

$2.88M

$2.52M – $3.36M (±1% cap)

NOI $201,649 @ 7.0% cap · market cap 5,041,225.00%

Second Best

Warehouse

$1.60M

$1.40M – $1.86M (±1% cap)

NOI $111,757 @ 7.0% cap · market cap 2,793,925.00%

Theoretical Best

Healthcare Medical

$176.52M

$154.46M – $205.94M (±1% cap)

NOI $12,356,662 @ 7.0% cap · market cap 308,916,550.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Dental Office Auto Repair Shop Electrical Service Real Estate Agency Pharmacy Law Firm

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

22 ft

Clear height

1

Dock-high doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

145

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 49037, MI

21,427

Population

9,971

Households

2.1

Avg Household Size

37

Median Age

12%

College-Educated

88%

High-School Grad

19.3 sq mi

ZIP Area

1,110

Density / Sq Mi

$42,598

Median Household Income

$32,024

Median Earnings

$843

Median Rent

$90,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Fenced and gated industrial property with dock access, overhead doors, and paved parking.

Where is this warehouse located?

The property is located at 4535 Wayne Road A Springfield, MI.

What are key features of this property?

This property features: 14,881 SF industrial building near Fort Custer Industrial Park; Divisible to 4,640 SF or 9,493 SF; 18 to 22' ceiling heights