7755 Stadium Dr, Kalamazoo, MI 49009

Building Details

Year Built 1990 More

Building Size 3,992 SF More

Listing Agency: Callander Commercial

Listed By: Stephanie Wiltgen · License MI #6505341805 Show Phone

Source: Carwm.resimplifi

Added: May 15, 2025 Changed: Nov 9 Last Checked: Aug 26 at 12:18PM

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Investment Insights

Based on property information with market context.

This 3,992-square-foot flex property pairs professional office or retail space with a warehouse and workshop. Two overhead doors serve the warehouse area, accommodating deliveries and access to the work space. The configuration combines customer-facing space with room for storage or operations.

The property fronts Stadium Drive in Kalamazoo, Michigan, and includes parking for customers and deliveries.

Key Highlights

• 3,992 SF of flex space
• Office or retail area combined with warehouse and workshop space
• Two overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,530

Cap Rate

5.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$550,600 $550.6K

Cap Rate 7%

$393,286 $393.3K

Cap Rate 9%

$305,889 $305.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,992 SF

Gross rent

$47.9K $12.00/SF

− Vacancy

−$8.6K −$2.15/SF

EGI

$39.3K $9.85/SF

− OpEx

−$11.8K −$2.96/SF

NOI

$27.5K $6.90/SF

Area

Kalamazoo County, MI

Vacancy

17.90%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$550,600

Cap Rate 7%

$393,286

Cap Rate 9%

$305,889

Alternative Uses

Best Use

Warehouse

$1.04M

$914.1K – $1.22M (±1% cap)

NOI $73,124 @ 7.0% cap · market cap 15.23%

Second Best

Industrial

$860.3K

$752.8K – $1.00M (±1% cap)

NOI $60,220 @ 7.0% cap · market cap 12.55%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Restaurant Building Supply Auto Parts Store Law Firm HVAC Service Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

52

Businesses Nearby

Well-served

Demand for This Use

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

Market

Average Price Trend$/SF for Flex space in Kalamazoo, MI

$88.98 Jul

$93.37 Aug

$82.57 Sep

$89.35 Oct

Properties on Market for Flex space in Kalamazoo

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Similar Off Market Nearby

• Indulge Your Food Craven — 4218 S 5th St, Kalamazoo, MI 49009
• Q It Up Catering — 7661 Stadium Dr, Kalamazoo, MI 49009

Frequently Asked Questions

What type of property is this?

Flex space - A combined office or retail area and workshop supports business operations alongside warehouse space.

Where is this flex space located?

The property is located at 7755 Stadium Dr Kalamazoo, MI.

What is the asking price?

The asking price for this property is $480,000.

What are key features of this property?

This property features: 3,992 SF of flex space; Office or retail area combined with warehouse and workshop space; Two overhead doors