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Kalamazoo R&D Office Building

4775 Campus Dr, Kalamazoo, MI 49008

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For Sale

$3,995,000

Class A office building near Western Michigan University for sale.

Type:Commercial

Property size:

23,059 SF

Price / SF:

$173/SF

HighLights

Class A, 23,059 SF R&D office building in Western Michigan University's Business Technology and Research Park.
87% leased to long‑term tenants including EPS Security, StructureTec, and Jones & Henry Engineering.
Located minutes from US‑131 and I‑94, with direct proximity to Western Michigan University's College of Engineering.
Flexible floor plan with a mix of private offices and open work areas and extensive window lines.
Zoned CBTR - Commercial, Business, Technology, and Research in City of Kalamazoo.
Sale price based on a 7.7% cap rate.

We can help!

Listing Contact

Jodi K Milks

Learn more

For Sale

$3,995,000

Class A office building near Western Michigan University for sale.

Type:Commercial

Property size:

23,059 SF

Price / SF:

$173/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 5:46 pm

Property Features for 4775 Campus Dr

General Information

Standard status: Active
Size: 23,059 SF
Property subtype: Commercial

Building Details

Year Built: 2002

We can help!

Listing Contact

Jodi K Milks

Listing agent Jodi K Milks License #6502339107

Listing office NAI Wisinski of West Michigan

Listing date Apr 24, 2026

Source Elliman

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 NAI Wisinski of West Michigan

HighLights

Class A, 23,059 SF R&D office building in Western Michigan University's Business Technology and Research Park.
87% leased to long‑term tenants including EPS Security, StructureTec, and Jones & Henry Engineering.
Located minutes from US‑131 and I‑94, with direct proximity to Western Michigan University's College of Engineering.
Flexible floor plan with a mix of private offices and open work areas and extensive window lines.
Zoned CBTR - Commercial, Business, Technology, and Research in City of Kalamazoo.
Sale price based on a 7.7% cap rate.

Overview

This Class A, 23,059 square foot R&D office building is located within Western Michigan University's Business Technology and Research Park in Kalamazoo. The property features extensive window lines and a flexible floor plan that includes a mix of private offices and open work areas. The building is 87% leased to long-time tenants, including EPS Security, StructureTec, and Jones & Henry Engineering. One suite was recently vacated due to tenant expansion and is currently being marketed for lease. The property is positioned minutes from US-131 and I-94, offering direct proximity to Western Michigan University's College of Engineering, which provides access to a strong regional talent pipeline. The building is zoned CBTR (Commercial, Business, Technology, and Research) in the City of Kalamazoo. The sale price is based on a 7.7% cap rate and a 13% vacancy rate. The location has a walk score of 28, indicating it is car-dependent, and a bike score of 26, indicating it is somewhat bikeable.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$332.0k	$14.40
− Vacancy	−$23.9k	−$1.04
EGI	$308.1k	$13.36
− OpEx	−$77.0k	−$3.34
NOI	$231.1k	$10.02

23,059 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.30M

$2.89M – $3.85M (±1% cap)

NOI $231,107 @ 7.0% cap · market cap 5.78%

Second Best

—

no second resolved use

Theoretical Best

Warehouse

$6.03M

$5.28M – $7.04M (±1% cap)

NOI $422,385 @ 7.0% cap · market cap 10.57%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Fishbeck General Contractor

Suggested Use

Location Insight

Map
Local Demand

City: Kalamazoo
County: Kalamazoo
State: Michigan
Longitude: -85.628927
Latitude: 42.251657

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For sale
Office buildings
MI
Kalamazoo
49008
4775 Campus Dr

What type of property is this?

Office building - Class A office building near Western Michigan University for sale.

Where is this office building located?

The property is located at 4775 Campus Dr Kalamazoo, MI.

What is the asking price?

The asking price for this property is $3,995,000.

What are key features of this property?

This property features: Class A, 23,059 SF R&D office building in Western Michigan University's Business Technology and Research Park.; 87% leased to long‑term tenants including EPS Security, StructureTec, and Jones & Henry Engineering.; Located minutes from US‑131 and I‑94, with direct proximity to Western Michigan University's College of Engineering.