Industrial Flex
New
For Sale
$305,000
8750 Portage Industrial Drive, Portage, MI 49024
A combined warehouse and office layout supports a range of industrial operations.
Property Size1,339 SF
Price / SF$227.78
Days on Market4
Property Features for 8750 Portage Industrial Drive
General Information
Standard status
Active
Size
1,339 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,678
Building Details
Building Size
1,339 SF
Year Built
1945
Buildings
1
Stories
1
Units
1
Listing Agency:
Coldwell Banker Woodland Schmidt
(616) 396-5221
Listed By:
Veronica Ramirez Garcia
(616) 886-2797
Source:
Buskardgroup
Added: Oct 22
Last Checked: Oct 22 at 2:27PM
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 Coldwell Banker Woodland Schmidt
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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 industrial flex property combines warehouse space with an office area. Built in 1945, the building measures 1,339 square feet and offers a configuration suited to both work and administrative functions.
The property is at 8750 Portage Industrial Drive in Portage, Michigan. Its location provides access to major roadways.
The property is at 8750 Portage Industrial Drive in Portage, Michigan. Its location provides access to major roadways.
Key Highlights
- 1,339‑square‑foot industrial flex building
- Warehouse space paired with an office area
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,527
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,540
$490.5K
Cap Rate 7%
$350,386
$350.4K
Cap Rate 9%
$272,522
$272.5K
Market Conditions
NOI Build-Up for 1,339 SF
Gross rent
$29.6K $22.08/SF
− Vacancy
−$710 −$0.53/SF
EGI
$28.9K $21.55/SF
− OpEx
−$4.3K −$3.23/SF
NOI
$24.5K $18.32/SF
Area
Kalamazoo County, MI
Vacancy
2.40%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,540
Cap Rate 7%
$350,386
Cap Rate 9%
$272,522
Alternative Uses
Best Use
Warehouse
$350.4K
$306.6K – $408.8K
NOI $24,527 @ 7.0% cap · market cap 8.04%
Second Best
Industrial
$288.6K
$252.5K – $336.7K
NOI $20,199 @ 7.0% cap · market cap 6.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Balanced
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 Industrial in Midwest region
Similar Off Market Nearby
- All Foods to Go Catering — 1807 Vanderbilt Ave, Portage, MI 49024
Frequently Asked Questions
What type of property is this?
Flex space - A combined warehouse and office layout supports a range of industrial operations.
Where is this flex space located?
The property is located at 8750 Portage Industrial Drive Portage, MI.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,339‑square‑foot industrial flex building; Warehouse space paired with an office area; Built in 1945
