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    1040 10Th St Kalamazoo, MI 49009

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    For Lease
    Contact for pricing

    Modern office suites, flexible layouts.

    Lot size:
    74,496 SF

    Property Features for 1040 10Th St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,496 SF
    Class
    B
    Total Rate
    105225.6

    Building Details

    Year Built
    2019
    Buildings
    6
    Stories
    2

    Spaces For Lease

    at 1040 10Th St, Kalamazoo, MI 49009 Contact us
    Unit Bldg 950 - 5ulte 110

    $25 /Mo

    Size
    2,531 SF
    Contact us
    Unit Bldg 1040 - Suite 210

    $16 /Mo

    Size
    2,132 SF
    Contact us
    Unit Lot 2

    $19 /Mo

    Size
    10,000 SF
    Contact us
    Unit Bldg 1080 • Suite 100

    $18 /Mo

    Size
    4,815 SF
    Contact us
    Unit Bldg 1090 - Suite 200

    $18 /Mo

    Size
    2,500 SF
    Contact us
    Unit Bldg 950 -1st lIoor

    $21 /Mo

    Size
    4,256 SF
    Contact us
    Unit Lot 3

    $19 /Mo

    Size
    10,000 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Kara Schroer
    Kara Schroer

    Listing Agency: NAI Wisinski of West Michigan Listing Agent: Kara Schroer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West Pointe Office Park in Kalamazoo, Michigan offers a diverse range of office spaces for lease. This 74,496 square foot, Class B office park, built in 2019, sits on 11.8 acres (513,840 sq ft) and comprises six, two-story buildings. Units range from 2,132 to 10,000 contiguous square feet, with a significant 36,234 square feet currently vacant. The park features ample free on-site parking and building signage opportunities. Several spaces are available immediately, including a renovated 2,531 square foot dental suite with reception area, private offices, treatment areas, and lab space. Other options include a full first-floor medical office suite (previously occupied by an eye care practice) and a second-floor general office suite with reception, conference room, and multiple private offices. The property is zoned R-3 RES and boasts a convenient location at the corner of M-43 and US 131, providing easy access to I-94 and local amenities. Build-to-suit opportunities are also available on two remaining outlots, allowing for the construction of up to 10,000 square feet per site. The property's APN is 05-13-160-007,05-13, and is located in Kalamazoo County, Michigan, zip code 49009.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kevin A. Shugars, DDS Dental Office Total Spectrum ABA Medical Clinic DaVita Kalamazoo West ... Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kalamazoo
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.6668194
    Latitude
    42.2978149

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    FAQs

    What type of property is this?
    Office property - Modern office suites, flexible layouts.
    Where is this office property located?
    The property is located at 1040 10Th St Kalamazoo, MI.
    What is the lease rate?
    The lease rate is $16-$25 SF/Yr.
    What are key features of this property?
    This property features: 74,496 SF Class B office park in Kalamazoo, MI, built in 2019.; Six two-story buildings on 11.8 acres with units ranging from 2,132 to 10,000 contiguous SF.; 36,234 SF currently available for lease.
    (269) 353-0311 Call to check price and availability
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    1040 10Th St Kalamazoo, MI 49009
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    Kalamazoo, MI 49009
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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
    1040 10Th St Kalamazoo, MI 49009
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kara Schroer
    Kara Schroer
    Real Estate License ID: 6501373674
    (269) 353-0311 (269) 569-0953 (616) 776-0100
    Learn more
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