Former Life Science Laboratory
6710 Quality Way Unit SourceFi Portage, MI 49002
6710 Quality Way Unit SourceFi, Portage, MI, 49002
$1,762,000
For Sale
$1,762,000
Purpose-built lab facility with office space, vivarium, surgery room, and specialized support areas, zoned I-1 Light Industrial.
Property Size14,075 SF
Lot Size1.84 Acres
Price / SF$125.19
Days on Market54
Property Features for 6710 Quality Way Unit SourceFi
General Information
- Standard status
- Active
- Size
- 14,075 SF
- Lot size
- 1.84 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2001
Listing Agency
NAI Wisinski of West Michigan
(269) 207-1040
Listed by
Jodi Milks · License #6502339107
(269) 207-1040
Source
Xome
Added: May 27 Checked: Jul 19 at 2:00 am
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 NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
For sale: 14,075 SF former life science laboratory facility with 3,000 SF of office space, situated on 1.837 acres in the City of Portage. The property includes a purpose-built laboratory buildout designed for research and testing, featuring a vivarium with five rooms, a surgery room, and specialized support areas including an industrial wash rack. Office amenities include private offices, a conference room, and mezzanine workspace, along with locker rooms and multiple restrooms with showers.
Building infrastructure supports lab operations, including 300 KVA, 3-phase power, an onsite backup generator, and EPS monitored security. Clearspan ceiling heights range from 17'10" to 20'9", with one truck well and two grade-level overhead doors.
The property is zoned I-1 Light Industrial and is located with access to I-94, in close proximity to Portage’s life science, medical device, and pharmaceutical employers. Some lab equipment may be included in the sale.
Building infrastructure supports lab operations, including 300 KVA, 3-phase power, an onsite backup generator, and EPS monitored security. Clearspan ceiling heights range from 17'10" to 20'9", with one truck well and two grade-level overhead doors.
The property is zoned I-1 Light Industrial and is located with access to I-94, in close proximity to Portage’s life science, medical device, and pharmaceutical employers. Some lab equipment may be included in the sale.
Key Highlights
- 14,075 SF purpose‑built former life science laboratory facility with 3,000 SF office on 1.837 acres in the City of Portage
- Includes laboratory buildout with vivarium (5 rooms), surgery room, and specialized support areas
- Office and amenities include private offices, conference room, mezzanine workspace, locker rooms, and multiple restrooms with showers
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 | $202.7k | $14.40 |
| − Vacancy | −$14.6k | −$1.04 |
| EGI | $188.1k | $13.36 |
| − OpEx | −$47.0k | −$3.34 |
| NOI | $141.1k | $10.02 |
14,075 SF · lease $14.40/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Industrial
$3.03M
$2.65M – $3.54M
NOI $212,322 @ 7.0% cap · market cap 12.05%
Second Best
Office B
$2.02M
$1.76M – $2.35M
NOI $141,065 @ 7.0% cap · market cap 8.01%
Theoretical Best
Warehouse
$3.68M
$3.22M – $4.30M
NOI $257,820 @ 7.0% cap · market cap 14.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Purpose-built lab facility with office space, vivarium, surgery room, and specialized support areas, zoned I-1 Light Industrial.
Where is this flex space located?
The property is located at 6710 Quality Way Unit SourceFi Portage, MI.
What is the asking price?
The asking price for this property is $1,762,000.
What are key features of this property?
This property features: 14,075 SF purpose‑built former life science laboratory facility with 3,000 SF office on 1.837 acres in the City of Portage; Includes laboratory buildout with vivarium (5 rooms), surgery room, and specialized support areas; Office and amenities include private offices, conference room, mezzanine workspace, locker rooms, and multiple restrooms with showers
