Class A R&D Office
For Sale
$3,995,000
4775 Campus Drive, Kalamazoo, MI 49008
Commercial Sale, Kalamazoo, MI
Property Size23,059 SF
Lot Size5.05 Acres
Price / SF$173.25
Days on Market217
Property Features for 4775 Campus Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CBTR
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 7, Bathroom 6, Bathroom 4, Bathroom 3, Bathroom 8, Bathroom 2, Bathroom 1
Parking
120
Interior features
Broadband
Elementary school district
Kalamazoo
Middle school district
Kalamazoo
High school district
Kalamazoo
Directions
Parvkiew Ave, turn S onto Campus Drive, second building on the right.
Standard status
Active
APN
06-31-110-013
Size
23,059 SF
Lot size
5.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KALAMAZOO COUNTY CONDOMINIUM SUBDIVISION PLAN NO. 134 Recorded at 2001-018722 WESTERN MICHIGAN UNIVERSITY BUSINESS, TECH
Tax Annual Amount
95283
Legal Description
KALAMAZOO COUNTY CONDOMINIUM SUBDIVISION PLAN NO. 134 Recorded at 2001-018722 WESTERN MICHIGAN UNIVERSITY BUSINESS, TECH
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2002
Number of units
4
Building materials
Metal Siding
Roof type
Rubber
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Jodi K Milks · License #6506044331
(269) 459-0439
Added: Mar 2
Changed: Sep 16
Last Checked: Oct 5 at 8:06PM
MLS# 26008970
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 23,059-square-foot Class A office building was constructed in 2002 and occupies 5.05 acres within Western Michigan University's Business Technology and Research Park. The interior combines private offices with open work areas and extensive window lines, creating a flexible environment for office and research-oriented operations. Construction includes metal siding, a rubber roof, forced-air heating, central air, broadband, and cable availability.
The property is 87% leased, with long-term occupants including EPS Security, StructureTec, and Jones & Henry Engineering. One suite was recently vacated following tenant expansion and is being marketed for lease. The building is zoned CBTR—Commercial, Business, Technology, and Research—in the City of Kalamazoo and is located minutes from US-131 and I-94, near Western Michigan University's College of Engineering. The offering reflects a 7.7% cap rate and 13% vacancy rate.
The property is 87% leased, with long-term occupants including EPS Security, StructureTec, and Jones & Henry Engineering. One suite was recently vacated following tenant expansion and is being marketed for lease. The building is zoned CBTR—Commercial, Business, Technology, and Research—in the City of Kalamazoo and is located minutes from US-131 and I-94, near Western Michigan University's College of Engineering. The offering reflects a 7.7% cap rate and 13% vacancy rate.
Key Highlights
- 23,059 SF Class A R&D office building on 5.05 acres
- 87% leased with established long‑term occupants
- Flexible layout with private offices, open work areas, and extensive window lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,107
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,622,140
$4.6M
Cap Rate 7%
$3,301,529
$3.3M
Cap Rate 9%
$2,567,856
$2.6M
Market Conditions
NOI Build-Up for 23,059 SF
Gross rent
$332.0K $14.40/SF
− Vacancy
−$23.9K −$1.04/SF
EGI
$308.1K $13.36/SF
− OpEx
−$77.0K −$3.34/SF
NOI
$231.1K $10.02/SF
Area
Kalamazoo County, MI
Vacancy
7.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,622,140
Cap Rate 7%
$3,301,529
Cap Rate 9%
$2,567,856
Alternative Uses
Best Use
Office B
$3.30M
$2.89M – $3.85M
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
NOI $422,385 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
87%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with private offices, open work areas, and established tenancy in a university research park.
Where is this office building located?
The property is located at 4775 Campus Drive 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: 23,059 SF Class A R&D office building on 5.05 acres; 87% leased with established long‑term occupants; Flexible layout with private offices, open work areas, and extensive window lines
