Industrial Flex Building with
For Sale
$305,000
8750 Portage Industrial Drive, Portage, MI 49024
COMMERCIAL - Portage, MI
Property Size1,339 SF
Lot Size0.33 Acres
Price / SF$227.78
Days on Market50
Property Features for 8750 Portage Industrial Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Portage
Middle school district
Portage
High school district
Portage
Directions
131 to Shaver Rd to Portage Industrial Dr.
Standard status
Active
APN
90-0021-332-O
Size
1,339 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 21-3-11 BEG AT NW COR SW 1/4 SE 1/4 SEC 21, TH E 132 FT, TH S 140 FT, TH W 132 FT, TH N 140 FT TO P.O.B., EXC EASEME
Tax Annual Amount
5678
Legal Description
SEC 21-3-11 BEG AT NW COR SW 1/4 SE 1/4 SEC 21, TH E 132 FT, TH S 140 FT, TH W 132 FT, TH N 140 FT TO P.O.B., EXC EASEME
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1945
Floors in Building
1
Number of units
1
Building materials
Vinyl Siding
Listing Agency:
Coldwell Banker Woodland Schmidt · Coldwell Banker Real Estate
(616) 396-5221
Listed By:
Veronica Ramirez Garcia
(616) 886-2797
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 6 at 4:06PM
MLS# 26030239
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial flex building is configured to support mixed operations, with dedicated warehouse space plus an office area. The property is offered for sale and is intended for businesses that need functional space for day-to-day work while keeping an administrative component on site.
Located at 8750 Portage Industrial Drive in Portage, Michigan, the building sits within an industrial corridor described as offering easy access to major roadways. That combination can help streamline moving people and equipment between local work sites and regional routes.
From a user standpoint, the layout aligns with manufacturing, distribution, contractor operations, service businesses, and owner-users looking for a practical facility that can accommodate both production and office needs. For buyers considering a business expansion or an owner-occupied setup, the warehouse-plus-office design offers flexibility for a range of industrial uses, subject to applicable regulations.
Located at 8750 Portage Industrial Drive in Portage, Michigan, the building sits within an industrial corridor described as offering easy access to major roadways. That combination can help streamline moving people and equipment between local work sites and regional routes.
From a user standpoint, the layout aligns with manufacturing, distribution, contractor operations, service businesses, and owner-users looking for a practical facility that can accommodate both production and office needs. For buyers considering a business expansion or an owner-occupied setup, the warehouse-plus-office design offers flexibility for a range of industrial uses, subject to applicable regulations.
Key Highlights
- Industrial/flex building with warehouse space and office area
- Year built: 1945
- Heating: forced air
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
$24,527
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
8.04%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Flex building with warehouse and office space suited for contractors, service businesses, and light 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: Industrial/flex building with warehouse space and office area; Year built: 1945; Heating: forced air
