Medical Office
For Sale
$1,700,000
7971 Moorsbridge Road, Portage, MI 49024
The interior has high ceilings and a finished layout suited to medical office use.
Property Size6,331 SF
Price / SF$268.52
Days on Market17
Property Features for 7971 Moorsbridge Road
General Information
Standard status
Active
Size
6,331 SF
Class
Class A+
Zoning
PD
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$23,803
Amenities
Yes
2
1
No
Non-Applicable
1.23
169.70' x 315.23'
Paved
6331.0
Building Details
Building Size
6,331 SF
Year Built
2009
Stories
1
Listing Agency:
Callander Commercial
(269) 349-1000
Listed By:
Matthew H Callander · License #6501303339
(269) 271-5187
Source:
Danhendrick.clydehendrickrealtors
Added: Oct 19
Changed: Oct 31
Last Checked: Nov 4 at 6:41AM
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 Callander Commercial
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Investment Insights
Based on property information with market context.
Built in 2009, this 6,331-square-foot medical office property features high ceilings and a finished interior. The site is zoned PD, and the property has seen light use.
The building occupies a hard corner on Moorsbridge Road, adjacent to Moors Golf Course and near US-131. The 1.23-acre parcel measures 169.70 feet by 315.23 feet and includes a paved surface.
The building occupies a hard corner on Moorsbridge Road, adjacent to Moors Golf Course and near US-131. The 1.23-acre parcel measures 169.70 feet by 315.23 feet and includes a paved surface.
Key Highlights
- 6,331‑square‑foot medical office property
- Built in 2009
- High ceilings and finished interior; lightly used
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,452
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,269,040
$1.3M
Cap Rate 7%
$906,457
$906.5K
Cap Rate 9%
$705,022
$705.0K
Market Conditions
NOI Build-Up for 6,331 SF
Gross rent
$91.2K $14.40/SF
− Vacancy
−$6.6K −$1.04/SF
EGI
$84.6K $13.36/SF
− OpEx
−$21.2K −$3.34/SF
NOI
$63.5K $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%
$1,269,040
Cap Rate 7%
$906,457
Cap Rate 9%
$705,022
Alternative Uses
Best Use
Office B
$906.5K
$793.2K – $1.06M
NOI $63,452 @ 7.0% cap · market cap 3.73%
Second Best
Healthcare Medical
$813.2K
$711.5K – $948.7K
NOI $56,922 @ 7.0% cap · market cap 3.35%
Theoretical Best
Warehouse
$1.66M
$1.45M – $1.93M
NOI $115,969 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
478
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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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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?
Medical Office Space - The interior has high ceilings and a finished layout suited to medical office use.
Where is this medical office space located?
The property is located at 7971 Moorsbridge Road Portage, MI.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 6,331‑square‑foot medical office property; Built in 2009; High ceilings and finished interior; lightly used
