B-3 Office Space with Ramp
5837 Portage Road Unit SourceFi Portage, MI 49002
5837 Portage Road Unit SourceFi, Portage, MI, 49002
$169,000
For Sale
$169,000
Office space with ramp access, ample parking, and central air, vinyl siding, and a newer roof.
Property Size864 SF
Price / SF$195.60
Days on Market124
Property Features for 5837 Portage Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 864 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1926
Listing agency
(269) 217-6568
Listed by
Berner Real Estate
(269) 217-6568
Source
Xome
Added: Mar 21 Updated: Jul 21 at 10:53PM Checked: Jul 21 at 10:53PM
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 Berner Real Estate
Investment Insights
Based on property information with market context.
This commercially zoned office space is vacant and offers immediate occupancy. The property features ramp accessibility and an enclosed front porch, with central air and vinyl siding. Additional improvements noted include a newer roof and an ample parking lot.
The building is located in the City of Portage, near the Kalamazoo/Battle Creek Airport. It is listed as B-3 zoned in a general district, and the offering is presented as suitable for office and other uses consistent with that zoning.
The building is located in the City of Portage, near the Kalamazoo/Battle Creek Airport. It is listed as B-3 zoned in a general district, and the offering is presented as suitable for office and other uses consistent with that zoning.
Key Highlights
- Commercial B‑3 zoned property in the general district with office space and ramp access
- Year built 1926; vinyl siding and central air
- Newer roof and enclosed front porch
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 | $12.4k | $14.40 |
| − Vacancy | −$896 | −$1.04 |
| EGI | $11.5k | $13.36 |
| − OpEx | −$2.9k | −$3.34 |
| NOI | $8.7k | $10.02 |
864 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$123.7K
$108.2K – $144.3K
NOI $8,659 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$226.1K
$197.8K – $263.8K
NOI $15,826 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office space with ramp access, ample parking, and central air, vinyl siding, and a newer roof.
Where is this office building located?
The property is located at 5837 Portage Road Unit SourceFi Portage, MI.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Commercial B‑3 zoned property in the general district with office space and ramp access; Year built 1926; vinyl siding and central air; Newer roof and enclosed front porch
