Property profile

9340 Shaver Rd Portage, MI 49024

FOR SALE
Other commercial real estate
Property ID
US43-2410752
12,672 SF 1.59 ac lot Built 1979
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This multi-tenant flex property is located in Portage, Michigan, minutes from US-131, on a 1.39-acre lot. The space is configured into multiple suites with sizes ranging from 1,300 to 32,789 square feet. Each suite is equipped with overhead doors and is suited for storage, warehousing, or light assembly uses. The property includes outdoor parking for vehicles and one of the buildings is equipped with 3-phase power for specialized industrial requirements. The listing references 5,093 square feet of space and indicates suitability for contractor, construction, landscaping, or snow-plowing business operations that require adaptable facilities.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1979
Total area 12,672 SF
Lot 1.59 ac (69,260 SF)
Zoning code I-1
APN 10-00028-040-O
UPID US43-2410752

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9340 Shaver Rd Portage, MI 49024
Portage metro Census 2002 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.95M
CAP Approach CAP
$2.02M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.95M

Owner & transaction history

since 2024
Last sale
$2.0M
4 recorded transactions
2024
$2.0M
2018
Price N/A
2017
Price N/A
2014
$325,000

Zoning & alternative use

I-1 · Portage, MI
Zoning description

Intent: The I-1 light industrial district is designed to primarily accommodate wholesale and warehouse activities and industrial operations whose external physical effects are restricted to the area of the district and i…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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