Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Facility in Kalamazoo, Michigan Title is generated by Realmo AI

    5301 Park Cir Dr, Kalamazoo, MI 49048

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    35,650 SF industrial building on 3.30 acres for sale.

    Type:Industrial
    Property size:
    35,650 SF
    Lot size:
    3.30 Acres
    Price / SF:
    $124/SF
    Added:
    Sep 26, 2024
    Days on Market:
    616
    Last Refresh:
    May 12 at 8:17 pm

    Property Features for 5301 Park Cir Dr

    General Information

    Standard status
    Active
    Size
    35,650 SF
    Lot size
    3.30 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2012

    We can help!

    Listing Contact
    Matthew Callander

    Listing agent Matthew Callander License #MI

    Listing office Callander Commercial

    Listing date Sep 26, 2024

    Source Crexi

    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 Callander Commercial

    HighLights

    • Large 35,650 sq ft building suitable for various industry types.
    • Located on 3.30 acres of land.
    • Built in 2012, indicating relatively modern construction.
    • Excellent logistical location with easy access to transportation routes connecting Detroit and Chicago.
    • Industrial zoning suitable for a wide range of businesses.
    • Situated in an area with economic development initiatives and a skilled workforce.

    Overview

    The property, constructed in 2012, currently serves as a facility for Hark Orchids, who have owned and operated the building since its construction. The building measures 35,650 square feet and is situated on 3.30 acres of land. Located at 5301 Park Circle Court in West Michigan, the property offers convenient access to Michigan’s primary logistical transportation route connecting Detroit and Chicago. The industrial zoning, economic development initiatives, and skilled workforce make this site suitable for various industry types. The property is being offered as is.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hark Orchideen Industrial Manufacturer Hark Orchids LP Industrial Manufacturer

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.587125
    Latitude
    42.254213

    Nearby Similar for Sale

    • $899,900
      6,800 SF

      Single-Tenant Office Building

      A 6,800 SF office building with private offices, meeting space, and ample parking, suited for an owner or investor.
      5990 Venture Park Drive, Kalamazoo, MI 49009
      View Details
    • $795,000
      2,120 SF

      Freestanding Drive-Thru Office Retail

      Freestanding building with covered four-lane drive-thru infrastructure for service, medical, or retail use in a highly visible commercial corridor.
      2025 Whites Road, Kalamazoo, MI 49008
      View Details
    • $310,000
      3,132 SF

      Renovated Office Building on Stadium

      Renovated 3,132 SF office building in Kalamazoo, Michigan.
      6281 Stadium Drive, Kalamazoo, MI 49009
      View Details
    • $535,000
      4,879 SF

      Kalamazoo Office Buildings on Stadium

      Two office buildings on 0.862 acres in Oshtemo Township.
      6281-6301 Stadium Drive, Kalamazoo, MI 49009
      View Details
    • $895,000
      7,000 SF

      Kalamazoo Office/Flex Building For Sale

      7,000 SF office/flex building on 4-acre wooded parcel.
      8240 Stadium Drive, Kalamazoo, MI 49009
      View Details
    • $650,000
      5,153 SF

      Kalamazoo Retail/Professional Services Space

      Remodeled retail/professional space with high visibility and ample parking.
      4413 W KL Avenue, Kalamazoo, MI 49007
      View Details
    • $1,490,000
      24,454 SF

      Kalamazoo Light Industrial Building

      24,454 SF light industrial building on 1.75 acres.
      1206 E Crosstown Parkway, Kalamazoo, MI 49001
      View Details
    • $140,000
      1,068 SF

      Kalamazoo Commercial Property on Two Lots

      Three-room office on almost half an acre with expansion potential.
      3011 Riverview Drive, Kalamazoo, MI 49004
      View Details
    • $679,900
      5,103 SF

      Kalamazoo Office Building For Sale

      Move-in-ready office building with value-add potential in Kalamazoo, MI.
      2555 S 11th Street, Kalamazoo, MI 49009
      View Details
    • $650,000
      2,623 SF

      Retail Building on Westnedge Avenue

      Freestanding 2,623 SF retail building in established commercial corridor.
      3811 S Westnedge Avenue, Kalamazoo, MI 49008
      View Details
    • $999,000
      7,564 SF

      Downtown Kalamazoo Mixed-Use Redevelopment Opportunity

      Historical building near Kalamazoo Events Center with redevelopment potential.
      222 S Westnedge Avenue, Kalamazoo, MI 49007
      View Details
    • $3,995,000
      23,059 SF

      Kalamazoo R&D Office Building

      Class A office building in WMU's research park.
      4775 Campus Drive, Kalamazoo, MI 49008
      View Details

    FAQs

    What type of property is this?
    Industrial property - 35,650 SF industrial building on 3.30 acres for sale.
    Where is this industrial property located?
    The property is located at 5301 Park Cir Dr Kalamazoo, MI.
    What is the asking price?
    The asking price for this property is $4,450,000.
    What are key features of this property?
    This property features: Large 35,650 sq ft building suitable for various industry types.; Located on 3.30 acres of land.; Built in 2012, indicating relatively modern construction.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matthew Callander
    Real Estate License ID: MI
    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.
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5301 Park Cir Dr, Kalamazoo, MI 49048
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!