Multi-Tenant Flex
For Sale
$1,450,000
9340 Shaver Rd, Portage, MI 49024
Multi-tenant space includes overhead doors, outdoor parking, and 3-phase power.
Property Size14,589 SF
Price / SF$99.39
Days on Market241
Property Features for 9340 Shaver Rd
General Information
Standard status
Active
Size
14,589 SF
Property subtype
Industrial
Zoning
I-1
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Building Details
Year Built
1979
Tenancy
Multi
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Kara Schroer · License #6501373674
(269) 569-0953
Source:
Carwm.resimplifi
Added: Feb 6
Changed: Sep 23
Last Checked: Oct 4 at 6:13AM
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 NAI Wisinski of West Michigan
Investment Insights
Based on property information with market context.
This multi-tenant flex space at 9340 Shaver Road provides adaptable commercial areas with overhead doors, supporting storage, warehousing, and light assembly uses. The facility includes outdoor parking and 3-phase power for businesses with specialized operational requirements. Built in 1980, the property offers a practical configuration for contractors, construction companies, landscaping operations, and snow-plowing businesses.
The property is located in Portage, Michigan, with access to US-131 described as minutes away. Lease terms are available for up to 120 months.
The property is located in Portage, Michigan, with access to US-131 described as minutes away. Lease terms are available for up to 120 months.
Key Highlights
- Multi‑tenant flex space with overhead doors
- 3‑phase power supports specialized industrial requirements
- Outdoor parking included at the facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,409
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,180
$2.0M
Cap Rate 7%
$1,405,843
$1.4M
Cap Rate 9%
$1,093,433
$1.1M
Market Conditions
NOI Build-Up for 14,589 SF
Gross rent
$161.1K $11.04/SF
− Vacancy
−$9.7K −$0.66/SF
EGI
$151.4K $10.38/SF
− OpEx
−$53.0K −$3.63/SF
NOI
$98.4K $6.75/SF
Area
Kalamazoo County, MI
Vacancy
6.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,968,180
Cap Rate 7%
$1,405,843
Cap Rate 9%
$1,093,433
Alternative Uses
Best Use
Warehouse
$3.82M
$3.34M – $4.45M
NOI $267,235 @ 7.0% cap · market cap 18.43%
Second Best
Industrial
$3.14M
$2.75M – $3.67M
NOI $220,076 @ 7.0% cap · market cap 15.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial 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 - Multi-tenant space includes overhead doors, outdoor parking, and 3-phase power.
Where is this flex space located?
The property is located at 9340 Shaver Rd Portage, MI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Multi‑tenant flex space with overhead doors; 3‑phase power supports specialized industrial requirements; Outdoor parking included at the facility
