Retail-Converted Office Flex
For Sale
Contact for pricing
8083 Vineyard Parkway, Kalamazoo, MI 49009
Class A suite in a business park with ample windows, open layout, and on-site parking.
Property Size1,903 SF
Price / SF$249.61
Days on Market325
Property Features for 8083 Vineyard Parkway
General Information
Standard status
Active
Size
1,903 SF
Class
A
Property subtype
Retail, Office
Building Details
Year Built
2022
Buildings
1
Stories
1
Units
1
Listing Agency:
Jaqua, REALTORS Commercial
(269) 207-3072
Listed By:
Zach Bumgarner · License #6501459569
Source:
Crexi
Added: Oct 1, 2025
Changed: Aug 8
Last Checked: Aug 21 at 3:53AM
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 Jaqua, REALTORS Commercial
Investment Insights
Based on property information with market context.
This class A retail suite is located within the Vineyard Parkway business park and is currently built out for retail, with potential to be converted to office use. The space includes a fairly open layout, ample windows, and a built-in storefront counter, creating flexibility for a range of day-to-day operations.
The offering provides on-site parking to support customer and employee access. It is available for sale and for lease.
With its windowed frontage and adaptable interior configuration, the suite is well suited for businesses seeking a storefront-style environment with an open floor plan.
The offering provides on-site parking to support customer and employee access. It is available for sale and for lease.
With its windowed frontage and adaptable interior configuration, the suite is well suited for businesses seeking a storefront-style environment with an open floor plan.
Key Highlights
- Class A retail suite built in 2022, located within the Vineyard Parkway business park
- 1,903 SF with a fairly open layout
- Ample windows for natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,460
$381.5K
Cap Rate 7%
$272,471
$272.5K
Cap Rate 9%
$211,922
$211.9K
Market Conditions
NOI Build-Up for 1,903 SF
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.
Gross rent
$27.4K $14.40/SF
− Vacancy
−$2.0K −$1.04/SF
EGI
$25.4K $13.36/SF
− OpEx
−$6.4K −$3.34/SF
NOI
$19.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,460
Cap Rate 7%
$272,471
Cap Rate 9%
$211,922
Alternative Uses
Best Use
Office B
$272.5K
$238.4K – $317.9K
NOI $19,073 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$187.5K
$164.1K – $218.7K
NOI $13,124 @ 7.0% cap · market cap 2.76%
Theoretical Best
Warehouse
$498.0K
$435.7K – $581.0K
NOI $34,858 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
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
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Class A suite in a business park with ample windows, open layout, and on-site parking.
Where is this retail space located?
The property is located at 8083 Vineyard Parkway Kalamazoo, MI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Class A retail suite built in 2022, located within the Vineyard Parkway business park; 1,903 SF with a fairly open layout; Ample windows for natural light
