Freestanding Office
New
For Sale
$299,900
8312 Portage Road, Portage, MI 49002
Zoned B-3 for general business, the property offers dedicated parking and exterior signage.
Property Size960 SF
Lot Size0.36 Acres
Price / SF$312.40
Days on Market6
Property Features for 8312 Portage Road
General Information
Standard status
Active
Size
960 SF
Total Parking Spaces
8
Lot size
0.36 Acres
Zoning
B-3, Gen Bus
Additional Details
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,763
Amenities
electronic-display & pylon sign
true
1
Broadband
Non-Applicable
0.36
8
60 x 262
false
Paved
960
Building Details
Building Size
960 SF
Year Built
1945
Buildings
1
Stories
1
Listing Agency:
RE/MAX Advantage
(269) 323-3900
Listed By:
Pamella M Knapp · License #6501304748
(269) 488-6561
Source:
Ensleyteam
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 4 at 7:02AM
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 RE/MAX Advantage
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office building contains 960 square feet on a 0.36-acre parcel. The layout includes a reception area, two private offices and a kitchenette, with space that could accommodate a third office. The building dates to 1945, and the paved lot includes eight dedicated parking spaces. Exterior signage includes an electronic display and a pylon sign.
The property has 60 feet of frontage along Portage Road and is located between E. Centre and Zylman. West and Austin Lakes are nearby, along with neighboring businesses including Presidential Brewing, Blue Kitchella, Erbellis Pizza and Crystal Carwash. Zoning is B-3, General Business (South Portage Commercial).
The property has 60 feet of frontage along Portage Road and is located between E. Centre and Zylman. West and Austin Lakes are nearby, along with neighboring businesses including Presidential Brewing, Blue Kitchella, Erbellis Pizza and Crystal Carwash. Zoning is B-3, General Business (South Portage Commercial).
Key Highlights
- 960‑square‑foot office building on 0.36 acres
- Reception area, 2 private offices and kitchenette; potential for a third office
- 60 feet of frontage on Portage Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,622
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,440
$192.4K
Cap Rate 7%
$137,457
$137.5K
Cap Rate 9%
$106,911
$106.9K
Market Conditions
NOI Build-Up for 960 SF
Gross rent
$13.8K $14.40/SF
− Vacancy
−$995 −$1.04/SF
EGI
$12.8K $13.36/SF
− OpEx
−$3.2K −$3.34/SF
NOI
$9.6K $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%
$192,440
Cap Rate 7%
$137,457
Cap Rate 9%
$106,911
Alternative Uses
Best Use
Office B
$137.5K
$120.3K – $160.4K
NOI $9,622 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$251.2K
$219.8K – $293.1K
NOI $17,585 @ 7.0% cap · market cap 5.86%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 49002, MI
19,553
Population
8,975
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
96%
High-School Grad
17.3 sq mi
ZIP Area
1,130
Density / Sq Mi
$71,621
Median Household Income
$45,938
Median Earnings
$910
Median Rent
$223,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Zoned B-3 for general business, the property offers dedicated parking and exterior signage.
Where is this office building located?
The property is located at 8312 Portage Road Portage, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 960‑square‑foot office building on 0.36 acres; Reception area, 2 private offices and kitchenette; potential for a third office; 60 feet of frontage on Portage Road
