Flex Suite with
For Sale
Contact for pricing
9340 Shaver Road B, Portage, MI 49024
A mixed office and warehouse layout includes elevated workspace and storage, with room to expand into adjoining space.
Property Size2,638 SF
Price / SF$0.00
Days on Market30
Property Features for 9340 Shaver Road B
General Information
Standard status
Active
Size
2,638 SF
Warehouse & Industrial
Office Build-Out
540 SF
Three-Phase Power
Yes
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Source:
Blueowlprop
Added: Oct 2
Changed: Oct 25
Last Checked: Oct 30 at 2:48PM
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
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Investment Insights
Based on property information with market context.
The 2,638-square-foot flex unit at 9340 Shaver Road includes 540 square feet of office area and warehouse space with high ceilings and two overhead doors. A mezzanine above the office adds a private office and storage area. Additional adjoining space is available. The facility offers suites ranging from 1,802 to 32,789 square feet, outdoor parking, and 3-phase power.
The property is in Portage, minutes from US-131. Overhead doors are provided across the facility’s suites.
The property is in Portage, minutes from US-131. Overhead doors are provided across the facility’s suites.
Key Highlights
- 2,638‑square‑foot flex unit with 540 square feet of office area
- Mezzanine above the office contains a private office and additional storage
- Warehouse area has high ceilings and two overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,794
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,880
$355.9K
Cap Rate 7%
$254,200
$254.2K
Cap Rate 9%
$197,711
$197.7K
Market Conditions
NOI Build-Up for 2,638 SF
Gross rent
$29.1K $11.04/SF
− Vacancy
−$1.7K −$0.66/SF
EGI
$27.4K $10.38/SF
− OpEx
−$9.6K −$3.63/SF
NOI
$17.8K $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%
$355,880
Cap Rate 7%
$254,200
Cap Rate 9%
$197,711
Alternative Uses
Best Use
Warehouse
$690.3K
$604.0K – $805.4K
NOI $48,322 @ 7.0% cap · market cap 536,911.11%
Second Best
Industrial
$568.5K
$497.4K – $663.2K
NOI $39,794 @ 7.0% cap · market cap 442,155.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
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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 mixed office and warehouse layout includes elevated workspace and storage, with room to expand into adjoining space.
Where is this flex space located?
The property is located at 9340 Shaver Road B Portage, MI.
What are key features of this property?
This property features: 2,638‑square‑foot flex unit with 540 square feet of office area; Mezzanine above the office contains a private office and additional storage; Warehouse area has high ceilings and two overhead doors
