511 Renaissance Drive Suite 130 St Joseph, MI 49085
511 Renaissance Drive Suite 130, St Joseph, MI, 49085
Contact for pricing
For Sale
Contact for pricing
Office Units
Property Size3,019 SF
Price / SF$185.49
Days on Market1767
Property Features for 511 Renaissance Drive Suite 130
General Information
- Standard status
- Active
- Size
- 3,019 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing Agency
Fiskars Incorporated
Listed by
Jim Agens · License #MI
Source
Crexi
Added: Sep 15, 2021 Checked: Jul 16 at 3:05 am
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 Fiskars Incorporated
Investment Insights
Based on property information with market context.
Key Highlights
- Class "A" suite in The Renaissance Business Center, a professional office condominium.
- Located in the Edgewater Business District, surrounded by legal, financial, and service organizations.
- 3,019 SF of owned space in a high‑tech mixed‑use office/research/light manufacturing park.
Local Financial Insights For Office B
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 | $51.4k | $17.04 |
| − Vacancy | −$7.1k | −$2.35 |
| EGI | $44.3k | $14.69 |
| − OpEx | −$11.1k | −$3.67 |
| NOI | $33.3k | $11.02 |
3,019 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$475.1K
$415.7K – $554.3K
NOI $33,258 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.3K
$555.9K – $741.2K
NOI $44,469 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Armstrong Betker Schaeffer ...
Law Firm
W. Brendan Neal
Law Firm
Southwestern Michigan Estate ...
Law Firm
Thomas R. Betker ...
Law Firm
Gennel Laluna -Schaeffer
Law Firm
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FAQs
Where is this office units located?
The property is located at 511 Renaissance Drive Suite 130 St Joseph, MI.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Class "A" suite in The Renaissance Business Center, a professional office condominium.; Located in the Edgewater Business District, surrounded by legal, financial, and service organizations.; 3,019 SF of owned space in a high‑tech mixed‑use office/research/light manufacturing park.
