Multi-Tenant Office
New
For Sale
Contact for pricing
5955 W Main Street, Kalamazoo, MI 49009
Multiple suite configurations and on-site parking support a range of office requirements.
Property Size30,952 SF
Days on Market6
Property Features for 5955 W Main Street
General Information
Standard status
Active
Size
30,952 SF
Zoning
COMM
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
office
Property Use
Office
Taxes and HOA fees
Annual Taxes
$58,906
Amenities
Yes
10
2
No
Broadband
Real Estate
4.68
Irregular
30952.0
Building Details
Building Size
30,952 SF
Year Built
1987
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
Kalamazoo Commercial Real Estate
(269) 888-2755
Listed By:
Andrew J Gyorkos · License #6502406462
(269) 760-5201
Source:
Ensleyteam
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 4 at 7:02AM
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 Kalamazoo Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Walnut Woods comprises two office buildings, each with two floors, in a multi-tenant configuration. Suites are available in varied sizes and layouts, and the property includes ample parking. The buildings date to 1987.
The site is on West Main Street near the US-131 exit and a signal-controlled intersection. It is zoned COMM.
The site is on West Main Street near the US-131 exit and a signal-controlled intersection. It is zoned COMM.
Key Highlights
- Two office buildings with two floors each
- Multi‑tenant setup with a range of suite sizes and layouts
- Zoned COMM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,213
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,204,260
$6.2M
Cap Rate 7%
$4,431,614
$4.4M
Cap Rate 9%
$3,446,811
$3.4M
Market Conditions
NOI Build-Up for 30,952 SF
Gross rent
$445.7K $14.40/SF
− Vacancy
−$32.1K −$1.04/SF
EGI
$413.6K $13.36/SF
− OpEx
−$103.4K −$3.34/SF
NOI
$310.2K $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%
$6,204,260
Cap Rate 7%
$4,431,614
Cap Rate 9%
$3,446,811
Alternative Uses
Best Use
Office B
$4.43M
$3.88M – $5.17M
NOI $310,213 @ 7.0% cap · market cap 31,021,300.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.10M
$7.09M – $9.45M
NOI $566,965 @ 7.0% cap · market cap 56,696,500.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
Explore this area
Business Placement
Demographics for 49009, MI
47,188
Population
20,609
Households
2.3
Avg Household Size
38
Median Age
50%
College-Educated
96%
High-School Grad
102.2 sq mi
ZIP Area
462
Density / Sq Mi
$82,364
Median Household Income
$44,702
Median Earnings
$1,089
Median Rent
$330,300
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
Frequently Asked Questions
What type of property is this?
Office building - Multiple suite configurations and on-site parking support a range of office requirements.
Where is this office building located?
The property is located at 5955 W Main Street Kalamazoo, MI.
What are key features of this property?
This property features: Two office buildings with two floors each; Multi‑tenant setup with a range of suite sizes and layouts; Zoned COMM
