Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3654 Midlink Dr Kalamazoo, MI 49001

    • Warehouses
    • 51,300 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hycorr LLC / Manufacturer

    Property Details for 3654 Midlink Dr

    Property size
    51,300 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 51,300-square-foot industrial property, located at 3654 Midlink Drive in Kalamazoo, Michigan, 49001, presents a unique leasing opportunity. Situated in the Midlink Business Park, this single-story building offers a 20-foot ceiling height, ideal for various manufacturing and warehousing needs. The property features two loading docks and one drive-in door, ensuring efficient loading and unloading operations. Power is supplied at 480/3 volts. The building is currently vacant and available for lease. The zoning is PMUD. The property's convenient location offers easy access to I-94, providing excellent regional connectivity. While currently listed as a sublease, negotiations can be conducted directly with the tenant for a short-term lease or with the building owner for a long-term lease, offering flexibility in lease structure and potentially advantageous rental rates. This presents a rare chance to secure a below-market-rate lease in a prime Southwest Michigan location. The property is zoned for manufacturing and warehousing uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.5254
    Latitude
    42.2542

    Comparable in this City

    • Value Estimation by Request
      360,000 SF

      2500 Cork Street Ct

      Distribution properties • 360,000 SF
      2500 Cork Street Ct, Kalamazoo, MI 49001
      View Details
    • Value Estimation by Request
      0.40 Acres

      842 Portage St

      Distribution properties • 0.40 Acres
      842 Portage St, Kalamazoo, MI 49001
      View Details
    • Value Estimation by Request
      62,647 SF

      3102 Cork Street Ct

      Distribution properties • 62,647 SF
      3102 Cork Street Ct, Kalamazoo, MI 49001
      View Details
    • Value Estimation by Request
      9,302 SF

      676 Lk St

      WAREHOUSE, STORAGE • 9,302 SF
      676 Lk St, Kalamazoo, MI 49001-2941
      View Details
    • Value Estimation by Request
      2,010 SF

      816 Stockbridge Ave

      WAREHOUSE, STORAGE • 2,010 SF
      816 Stockbridge Ave, Kalamazoo, MI 49001-3887
      View Details
    • Value Estimation by Request
      3,062 SF

      427 Cork St

      WAREHOUSE, STORAGE • 3,062 SF
      427 Cork St, Kalamazoo, MI 49001-4715
      View Details

    Similar Nearby for Sale

    • $1,750,000
      51,196 SF

      Heavy Industrial & Self-Storage Building

      Distribution properties • 51,196 SF
      1820 Lake St, Kalamazoo, MI 49001
      View Details
    • $1,225,000
      22,102 SF

      Kalamazoo Industrial/Warehouse Property For Sale

      22,102 SF industrial/warehouse with highway access and ample features.
      1338 Branch St, Kalamazoo, MI 49001
      View Details
    • $935,000
      Pending

      Kalamazoo Warehouse with Cranes

      12,000 sq ft warehouse with cranes near highway.
      3536 Gembrit Cir, Kalamazoo, MI 49001
      View Details
    • $125,000
      1,266 SF

      Kalamazoo Commercial/Industrial Property For Sale

      Commercial/industrial property with high visibility and functional flexibility.
      1132 E Crosstown Pkwy, Kalamazoo, MI 49001
      View Details
    • $150,000
      Pending

      Kalamazoo Commercial Property with Pole Barn

      Versatile commercial property with high visibility and spacious pole barn.
      842 Portage St, Kalamazoo, MI 49001
      View Details
    • $1,750,000
      51,196 SF

      Industrial Building with Expansion Potential

      Freestanding industrial building with expansion and redevelopment possibilities.
      1820 Lake St, Kalamazoo, MI 49001
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      62,647 SF

      Kalamazoo Industrial Warehouse Trio

      Three heavy industrial buildings, ample land.
      3102 Cork Street Ct, Kalamazoo, MI 49001
      View Details
    • New
      $5 SF/Yr
      22,102 SF

      Kalamazoo Industrial/Warehouse Space Available

      22,102 SF industrial/warehouse with highway access, retail entrance, and office.
      1338 Branch St, Kalamazoo, MI 49001
      View Details
    • $7 SF/Yr
      9,500 SF

      Kalamazoo Light Industrial Flex Space

      Light industrial flex space suitable for various business uses.
      1206 E Crosstown Pkwy, Kalamazoo, MI 49001
      View Details
    • $3 SF/Yr
      24,790 SF

      Kalamazoo Industrial Buildings with Crane

      Functional industrial buildings with crane systems and convenient highway access.
      3102 E Cork St, Kalamazoo, MI 49001
      View Details
    • $6 SF/Yr
      24,424 SF

      Kalamazoo Light Industrial/Lab Space

      Light industrial building suitable for lab, R&D, storage, or cannabis.
      1206 E Crosstown Pkwy Unit, Kalamazoo, MI 49001
      View Details
    • $7 SF/Yr
      27,464 SF

      Freestanding Manufacturing/Warehouse Facility

      27,464 SF manufacturing/warehouse space near I-94.
      3308 Covington Rd, Kalamazoo, MI 49001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3654 Midlink Dr
    Kalamazoo, MI 49001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.