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    7950 Moorsbridge Rd Portage, MI 49024

    Sponsored
    For Lease
    $16 SF/Yr ($7,565 /Mo)

    Class A office space, multiple suites available.

    Lot size:
    5,674 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    422
    This exceptional Class A office building, located at 7950 Moorsbridge Road in Portage, offers 5,674 square feet of move-in ready space. The property, situated on a 2.43-acre lot, features a single, two-story building constructed in 1993. The building is zoned PD and boasts abundant surface parking. Tenants can choose from various suite sizes, ranging from a minimum of 180 square feet to a maximum contiguous space of 4,500 square feet. All 5,674 square feet are currently vacant and available for lease. The building includes convenient amenities such as a reception/waiting area, an executive boardroom, a break room, and a screened-in porch. Tenants also benefit from the opportunity to display their company name on the exterior monument sign. Rates are quoted on a gross structure, excluding in-suite janitorial services, phones/internet, and cable. Enjoy stunning views of a protected wetland area from this prime location within the Woodbridge Hills development, conveniently situated off Centre Street. The building features elevators for easy access to both floors. The Kalamazoo County property (APN: 00018-065-A) presents a unique opportunity for businesses seeking high-quality, flexible office space.

    Property Features for 7950 Moorsbridge Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,674 SF
    Class
    A
    Total Rate
    7565.33

    Building Details

    Year Built
    1993
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 7950 Moorsbridge Rd, Portage, MI 49024 Contact us
    Unit Suite: 205

    $61 /Mo

    Size
    196 SF
    Contact us
    Unit Suite: 107

    $61 /Mo

    Size
    234 SF
    Contact us
    Unit Suite 206

    $54 /Mo

    Size
    221 SF
    Contact us
    Unit Suite: 101

    $66 /Mo

    Size
    216 SF
    Contact us
    Unit Entire Upper North

    $16 /Mo

    Size
    4,500 SF
    Contact us
    Unit Suite 304

    $66 /Mo

    Size
    180 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Kara Schroer, Ccim
    Kara Schroer, Ccim

    Learn more

    Property Insight Report

    HighLights

    • Class A, 5,674 SF office building in Portage, MI, fully vacant and available for lease.
    • Multiple suites available, ranging from 180 SF to 4,500 SF contiguous.
    • Located on a 2.43‑acre lot in the Woodbridge Hills development.
    • Building amenities include reception/waiting areas, boardroom, break room, and screened porch.
    • Gross lease rates include in‑suite janitorial, phone/internet, and cable.
    • Abundant surface parking and views of a protected wetland.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.6337714
    Latitude
    42.2016637

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    FAQs

    What type of property is this?
    Office Property / Space - Class A office space, multiple suites available.
    Where is this office property / space located?
    The property is located at 7950 Moorsbridge Rd Portage, MI.
    What is the lease rate?
    The lease rate is $16-$66 SF/Yr.
    What are key features of this property?
    This property features: Class A, 5,674 SF office building in Portage, MI, fully vacant and available for lease.; Multiple suites available, ranging from 180 SF to 4,500 SF contiguous.; Located on a 2.43-acre lot in the Woodbridge Hills development.
    (269) 353-0311
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    7950 Moorsbridge Rd Portage, MI 49024
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    Portage, MI 49024
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    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
    7950 Moorsbridge Rd Portage, MI 49024
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    We can help!
    Listing Contact
    Kara Schroer, Ccim
    Kara Schroer, Ccim
    Real Estate License ID: 6501373674
    (269) 353-0311
    Learn more
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