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    500 Washington Street Coloma, MI 49038

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    For Lease
    $2.00 SF/Yr $6,698/Mo (calc)

    COMMERCIAL - Coloma, MI

    Property size:
    40,192 SF
    Lot size:
    4.20 Acres
    Added:
    Nov 14, 2025
    Days on Market:
    166
    Last Refresh:
    Apr 29 at 11:06 pm

    Property Features for 500 Washington Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking
    50
    Parking features
    Driveway
    Fireplace
    1
    Standard status
    Active
    APN
    11-60-0020-0043-00-3
    Size
    40,192 SF
    Lot size
    4.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    COM 1198'S & 488'W OF CEN SEC 20 T3S R17W TH S 386.83'TO NLY C&O R/W TH SWLY 435.34'TH N 456.27'TH E 427.92'TO POB UNRECORDED SURVEY

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1959
    Number of units
    1
    Building materials
    Brick
    Roof type
    Metal, Rubber

    We can help!

    Listing Contact
    Alexander Zeisberg

    Listing agent Alexander Zeisberg

    Listing office Realty Executives Instant Equity 213 Hilltop Rd., St. Joseph, MI

    Listing date Nov 14, 2025

    MLS# 25059782

    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.

    Overview

    Coloma Industrial Complex For Lease

    This industrial complex in Coloma, MI, offers approximately 44,192 sq ft of flexible space suitable for manufacturing, storage, distribution, fabrication, and a wide range of commercial uses. It includes a 40,192 sq ft main building and a 4,000 sq ft outbuilding on approximately 4.2 acres. The main building features multiple interconnected warehouse areas, including an 81 ft by 120 ft open space, a 119 ft by 84 ft insulated section with approximately 22 ft ceilings, and a 100 ft by 84 ft central area with bathrooms, lockers, office space, and stair access. The upper level offers approximately 8,000 sq ft with windows and an elevator shaft. The building includes three truck-height loading docks (approximately 7 ft 11 in x 9 ft 9 in) and one drive-in door (approximately 13 ft x 13 ft 10 in). The outbuilding (40 ft by 100 ft) has lighting and two 9 ft x 8 ft 10 in bay doors. The property has ample parking and truck maneuvering space. The owner is open to improvements and flexible lease terms. The property offers multiple large interior sections, insulated high-ceiling areas, loading docks, drive-in access, upper-level space with natural light, and a standalone outbuilding. Spaces may be leased individually or combined depending on tenant needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Safe and Easy Storage- Coloma — 6673 Paw Paw Ave, Coloma, MI 49038
    • Storage Rentals of America — 390 Park St, Coloma, MI 49038

    Location Insight

    • Map
    • Local Demand
    City
    Coloma
    County
    Berrien
    State
    Michigan
    Longitude
    -86.313201
    Latitude
    42.189511

    FAQs

    What type of property is this?
    Warehouse - 44,192 sq ft industrial complex on 4.2 acres.
    Where is this warehouse located?
    The property is located at 500 Washington Street Coloma, MI.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Approx. 44,192 sq ft industrial complex with flexible space.; Includes a 40,192 sq ft main building and a 4,000 sq ft outbuilding.; Features **three truck‑height loading docks** and one large drive‑in door.
    (269) 235-9910
    We can help!
    Listing Contact
    Alexander Zeisberg
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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