Flex Space with Overhead
9350 Shaver Road, Portage, MI 49024
For Sale
$1,649,000
Commercial Sale, Portage, MI
Property Size18,140 SF
Lot Size1.39 Acres
Price / SF$90.90
Days on Market275
Property Features for 9350 Shaver Road
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
NAI Wisinski of West Michigan
(269) 353-0311
Listed By:
Kara Schroer · License #6501373674
(269) 459-0435
Added: Feb 6
Changed: Oct 22
Last Checked: Nov 7 at 10:06AM
MLS# 26004376
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.
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Investment Insights
Based on property information with market context.
This 18,140-square-foot flex property sits on 1.39 acres and was built in 1980. The multi-tenant facilities offer a range of suite sizes, with overhead doors, three-phase power, and outdoor parking among the stated features. Forced-air heating and central air conditioning serve the property.
The facilities have access to US-131. Cable is available, and the property includes two bathrooms.
The facilities have access to US-131. Cable is available, and the property includes two bathrooms.
Key Highlights
- 18,140 square feet on 1.39 acres
- Built in 1980
- Overhead doors and three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,362
Cap Rate
7.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,447,240
$2.4M
Cap Rate 7%
$1,748,029
$1.7M
Cap Rate 9%
$1,359,578
$1.4M
Market Conditions
NOI Build-Up for 18,140 SF
Gross rent
$200.3K $11.04/SF
− Vacancy
−$12.0K −$0.66/SF
EGI
$188.2K $10.38/SF
− OpEx
−$65.9K −$3.63/SF
NOI
$122.4K $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%
$2,447,240
Cap Rate 7%
$1,748,029
Cap Rate 9%
$1,359,578
Alternative Uses
Best Use
Warehouse
$4.75M
$4.15M – $5.54M
NOI $332,281 @ 7.0% cap · market cap 20.15%
Second Best
Industrial
$3.91M
$3.42M – $4.56M
NOI $273,643 @ 7.0% cap · market cap 16.59%
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
$248,700
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Kalamazoo County, MI
Properties on Market for Flex space in Kalamazoo County
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 - The industrial property includes overhead doors, three-phase power, and outdoor parking.
Where is this flex space located?
The property is located at 9350 Shaver Road Portage, MI.
What is the asking price?
The asking price for this property is $1,649,000.
What are key features of this property?
This property features: 18,140 square feet on 1.39 acres; Built in 1980; Overhead doors and three‑phase power
