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    Portage Lab Facility For Sale Title is generated by Realmo AI

    6710 Quality Way, Portage, MI 49002

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    For Sale
    $3,000,000

    COMMERCIAL - Portage, MI

    Property size:
    14,075 SF
    Lot size:
    1.84 Acres
    Price / SF:
    $213/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 2:06 pm

    Property Features for 6710 Quality Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4
    Parking
    30
    Interior features
    Broadband
    Standard status
    Active
    APN
    10-00012-115-X
    Size
    14,075 SF
    Lot size
    1.84 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SEC.12 T3S R11WPART SE1/4 COM N00DEG 00'04''W 967 FT & N89DEG 19'02''E 356.61 FT & N00DEG 00'04''W 305.40 FT & N89DEG 21
    Tax Annual Amount
    24298

    Utilities

    Utilities
    Phone Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    1
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Jodi K Milks

    Listing agent Jodi K Milks

    Listing office NAI Wisinski of West Michigan 650 Trade Centre Way, Ste 130, Kalamazoo, MI

    Listing date May 29, 2026

    MLS# 26025767

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Purpose‑built 14,075 SF laboratory facility on 1.837 acres
    • Existing laboratory buildout with vivariums, surgery room, and industrial wash rack
    • 300 KVA, 3‑phase power and onsite backup generator
    • Convenient location with excellent access to I‑94 and proximity to life science employers
    • Clearspan ceiling heights ranging from 17'10' to 20'9'
    • Zoned I‑1 Light Industrial

    Overview

    This 14,075 square foot former laboratory facility is available for sale in Portage, Michigan. Situated on 1.837 acres, the property was purpose-built for research and testing operations. The existing laboratory buildout includes three vivariums, a surgery room, an industrial wash rack, and specialized support areas. The facility also features private offices, a conference room, mezzanine workspace, locker rooms, and multiple restrooms with showers. Building infrastructure includes 300 KVA, 3-phase power, an onsite backup generator, and EPS monitored security. The property has clearspan ceiling heights ranging from 17 feet 10 inches to 20 feet 9 inches, one truck well, and two grade-level overhead doors. The property is zoned I-1 Light Industrial. Some lab equipment may be included in the sale. The property offers convenient access to I-94 and is in close proximity to Portage's leading life science, medical device, and pharmaceutical employers.

    Local Financial Insights For Industrial

    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 $310.8k $22.08
    − Vacancy −$7.5k −$0.53
    EGI $303.3k $21.55
    − OpEx −$91.0k −$6.47
    NOI $212.3k $15.09
    14,075 SF · lease $22.08/SF/yr · vacancy 2.40% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.03M
    $2.65M – $3.54M (±1% cap)
    NOI $212,322 @ 7.0% cap · market cap 7.08%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $3.68M
    $3.22M – $4.30M (±1% cap)
    NOI $257,820 @ 7.0% cap · market cap 8.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.536796
    Latitude
    42.219873

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    FAQs

    What type of property is this?
    Manufacturing property - 14,075 SF former laboratory on 1.84 acres in Portage.
    Where is this manufacturing property located?
    The property is located at 6710 Quality Way Portage, MI.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Purpose‑built 14,075 SF laboratory facility on 1.837 acres; Existing laboratory buildout with vivariums, surgery room, and industrial wash rack; 300 KVA, 3‑phase power and onsite backup generator
    (269) 353-0311
    We can help!
    Listing Contact
    Jodi K Milks
    Learn More
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    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
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