Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5200 East Cork Street Kalamazoo, MI 49048

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial land available for build-to-suit warehousing or manufacturing.

    Type:Industrial, Land
    Added:
    Sep 20, 2021
    Days on Market:
    1655
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 5200 East Cork Street

    General Information

    Standard status
    Active
    Property subtype
    Industrial, Land

    Spaces For Lease

    at 5200 East Cork Street Contact us

    Suite 2 $6 /Mo

    Size
    30,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($17,375/Month
    Contact us

    Suite 7 $6 /Mo

    Size
    300,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($173,750/Month)
    Contact us

    BTS4 $6 /Mo

    Size
    165,000 SF
    Type
    Industrial, Land
    For Lease @ $6.95/SF NNN ($95,563/Month)
    Contact us

    Suite 5 $6 /Mo

    Size
    200,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($115,833/Month)
    Contact us

    Suite 6 $6 /Mo

    Size
    250,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($144,792/Month)
    Contact us

    Suite 3 $6 /Mo

    Size
    60,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($34,750/Month)
    Contact us

    Suite 1 $6 /Mo

    Size
    20,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($11,583/Month)
    Contact us

    BTS1 $6 /Mo

    Size
    41,250 SF
    Type
    Industrial, Land
    For Lease @ $6.95/SF NNN ($23,891/Month)
    Contact us

    BTS2 $6 /Mo

    Size
    82,500 SF
    Type
    Industrial, Land
    For Lease @ $6.95/SF NNN ($47,781/Month)
    Contact us

    Suite 8 $6 /Mo

    Size
    360,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($208,500/Month)
    Contact us

    Suite 4 $6 /Mo

    Size
    100,000 SF
    Type
    Industrial, Land
    $6.95/SF NNN ($57,917/Month)
    Contact us
    Show more

    We can help!

    Listing Contact
    Matthew Callander

    Listing agent Matthew Callander License #MI

    Listing office Callander Commercial

    Listing date Sep 20, 2021

    Source Crexi

    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 Callander Commercial

    Overview

    Industrial Land Build-to-Suit Opportunity

    This property presents a build-to-suit opportunity for industrial warehousing or manufacturing spaces. Sites range from 2 to 60 acres, allowing for new construction envelopes from 20,000 to 360,000 square feet based on user specifications. The property is located within the Midlink business park. The developer has preliminary approval for 165,000 square feet. Hackman Capital, a real estate investment company, owns and operates the property and can assist institutional or corporate clients with their regional requirements.
    Location Intelligence

    Current Use by Public Records

    Midlink Business Park Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.534614
    Latitude
    42.25961

    Nearby Similar for Lease

    • $18/mo

      Kalamazoo Avenue Office/Retail Space

      New office/retail space near the Event Center with parking.
      615 W Kalamazoo Avenue, Kalamazoo, MI 49007
      View Details
    • $20/mo

      Retail Storefront on Kalamazoo Mall

      Move-in ready retail space on the popular Kalamazoo Mall.
      166 S Kalamazoo Mall unit: A, Kalamazoo, MI 49007
      View Details
    • $5/mo

      Kalamazoo Industrial Building For Lease

      12,780 SF industrial building with office space for lease.
      1330 Healy Street unit: 1, Kalamazoo, MI 49048
      View Details
    • $20/mo

      Retail Storefront on Kalamazoo Mall

      Move-in ready retail space on the popular Kalamazoo Mall.
      166 S Kalamazoo Mall unit: A, Kalamazoo, MI 49007
      View Details
    • Contact for pricing

      Turnkey Office/Retail Space Near Universities

      1,191 SF office/retail space near Western Michigan University.
      1128 W Michigan Avenue unit: 1, Kalamazoo, MI 49006
      View Details
    • $10/mo

      Kalamazoo Commercial Space For Rent

      Warehouse/office/retail space with high ceilings and natural light.
      1523 Riverview Drive, Kalamazoo, MI 49004
      View Details
    • $20/mo

      Renovated Office Space in Kalamazoo

      Professional office building renovated in 2021, convenient location.
      1900 Whites Road unit: B, Kalamazoo, MI 49008
      View Details
    • $16/mo

      Restaurant/Bar Space on Stadium Drive

      Restaurant/bar location with high visibility on Stadium Drive.
      7000 Stadium Drive unit: E, Kalamazoo, MI 49009
      View Details
    • $15/mo

      Restored Retail Space in Kalamazoo

      Beautifully restored retail space near upcoming Event Center.
      131 W Kalamazoo Avenue, Kalamazoo, MI 49007
      View Details
    • $13/mo

      Kalamazoo Commercial Building with Warehouse

      3,019 SF building with office and warehouse space for lease.
      2015 Lake Street, Kalamazoo, MI 49001
      View Details
    • $16/mo

      Kalamazoo R&D Office Space

      Class A office space in WMU's Business Technology Park.
      4775 Campus Drive unit: 4775, Kalamazoo, MI 49008
      View Details
    • $10/mo

      Functional Office Suite in Kalamazoo

      Affordable 1,200 SF office suite with ample parking.
      2650 Millcork Street unit: C, Kalamazoo, MI 49001
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land available for build-to-suit warehousing or manufacturing.
    Where is this industrial land located?
    The property is located at 5200 East Cork Street Kalamazoo, MI.
    What are key features of this property?
    This property features: Build‑to‑suit industrial warehousing or manufacturing spaces.; Sites available ranging from 2 to 60 acres.; New construction envelopes **to spec from 20,000 to 360,000 SF.**
    We can help!
    Listing Contact
    Matthew Callander
    Real Estate License ID: MI
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!