Professional Office Units with Shared
For Sale
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616 W Centre Avenue Suite A, Portage, MI 49024
Private office configuration with elevator access and extensive shared meeting and training amenities.
Property Size1,300 SF
Price / SF$0.02
Days on Market51
Property Features for 616 W Centre Avenue Suite A
General Information
Standard status
Active
Size
1,300 SF
Elevators
Yes
Amenities
large training room
conference room
additional meeting space
four restrooms
ADA accessible
Listing Agency:
Strong Properties, LLC
(269) 459-1682
Listed By:
Sheila M Strong · License #6504431351
(269) 598-4146
Source:
Charterpropertiesgr
Added: Sep 6
Changed: Oct 26
Last Checked: Oct 24 at 5:13PM
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 Strong Properties, LLC
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Investment Insights
Based on property information with market context.
This professional office offering includes 1,300 square feet of private space arranged as four individual offices, along with approximately 3,072 square feet of shared common areas. Shared facilities include a large training room, conference room, additional meeting space, and four restrooms, extending the property's functional capacity beyond the private suite area.
The space is ADA accessible and served by an elevator, supporting convenient access for employees, clients, and visitors. A gross lease structure includes trash, water, gas, and electric, simplifying occupancy expense planning. The configuration is suited to professional office users requiring private work areas and substantial shared meeting or training space.
The space is ADA accessible and served by an elevator, supporting convenient access for employees, clients, and visitors. A gross lease structure includes trash, water, gas, and electric, simplifying occupancy expense planning. The configuration is suited to professional office users requiring private work areas and substantial shared meeting or training space.
Key Highlights
- 1,300 square feet of private office space
- Four private offices within the suite
- Approximately 3,072 square feet of shared common space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,029
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,580
$260.6K
Cap Rate 7%
$186,129
$186.1K
Cap Rate 9%
$144,767
$144.8K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$18.7K $14.40/SF
− Vacancy
−$1.3K −$1.04/SF
EGI
$17.4K $13.36/SF
− OpEx
−$4.3K −$3.34/SF
NOI
$13.0K $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%
$260,580
Cap Rate 7%
$186,129
Cap Rate 9%
$144,767
Alternative Uses
Best Use
Office B
$186.1K
$162.9K – $217.2K
NOI $13,029 @ 7.0% cap · market cap 56,647.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$340.2K
$297.7K – $396.9K
NOI $23,813 @ 7.0% cap · market cap 103,534.78%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
632
Businesses Nearby
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Business Placement
Demographics for 49024, MI
30,332
Population
13,232
Households
2.3
Avg Household Size
39
Median Age
51%
College-Educated
97%
High-School Grad
17.2 sq mi
ZIP Area
1,763
Density / Sq Mi
$86,427
Median Household Income
$49,914
Median Earnings
$1,208
Median Rent
$248,700
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Private office configuration with elevator access and extensive shared meeting and training amenities.
Where is this office unit located?
The property is located at 616 W Centre Avenue Suite A Portage, MI.
What are key features of this property?
This property features: 1,300 square feet of private office space; Four private offices within the suite; Approximately 3,072 square feet of shared common space
