Manufacturing Equipment Storage
For Sale
$12,000,000
Battle Creek, MI 49017, Battle Creek, MI 49017
150,792 SF manufacturing equipment storage facility on 11.26 acres.
Property Size150,792 SF
Lot Size11.26 Acres
Price / SF$79.58
Days on Market205
Property Features
General Information
Standard status
Active
Size
150,792 SF
Lot size
11.26 Acres
Property subtype
Industrial
Building Details
Building Size
150,792 SF
Year Built
1907
Listing Agency:
Signature Associates Kalamazoo
(616) 235-6039
Listed By:
Peter Cachey
Source:
Tcnworldwide
Added: Jan 27
Changed: Aug 19
Last Checked: Aug 20 at 4:22AM
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 Signature Associates Kalamazoo
Investment Insights
Based on property information with market context.
This 150,792 SF manufacturing equipment storage facility is available for sale. Originally a train repair depot, the building sits on 11.26 acres and is roughly 75% occupied. It features 9 overhead doors of varying heights, including 2 drive-through bays. Ceiling heights reach up to 52 feet, with clear heights ranging from 27 to 38 feet. The building includes multiple large bays with 6 cranes, ranging from 20 to 160 tons, and generates income from tenants utilizing long-term heavy storage. The owner is willing to consider a sale-leaseback arrangement. The property is located in Battle Creek, MI 49017.
Key Highlights
- Substantial income generation from long‑term heavy storage tenants.
- Sale leaseback opportunity with the current owner.
- High ceiling heights up to 52'** with clear heights ranging from 27‑38'.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$932,611
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$18,652,220
$18.7M
Cap Rate 7%
$13,323,014
$13.3M
Cap Rate 9%
$10,362,344
$10.4M
Market Conditions
NOI Build-Up for 150,792 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.43M $9.48/SF
− Vacancy
−$97.2K −$0.64/SF
EGI
$1.33M $8.84/SF
− OpEx
−$399.7K −$2.65/SF
NOI
$932.6K $6.18/SF
Area
Calhoun County, MI
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$18,652,220
Cap Rate 7%
$13,323,014
Cap Rate 9%
$10,362,344
Alternative Uses
Best Use
Warehouse
$16.18M
$14.16M – $18.87M
NOI $1,132,456 @ 7.0% cap · market cap 9.44%
Second Best
Industrial
$13.32M
$11.66M – $15.54M
NOI $932,611 @ 7.0% cap · market cap 7.77%
Theoretical Best
Healthcare Medical
$1,788.75M
$1,565.16M – $2,086.87M
NOI $125,212,408 @ 7.0% cap · market cap 1,043.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 49017, MI
21,377
Population
9,701
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
56.8 sq mi
ZIP Area
376
Density / Sq Mi
$58,500
Median Household Income
$40,386
Median Earnings
$946
Median Rent
$134,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 150,792 SF manufacturing equipment storage facility on 11.26 acres.
Where is this manufacturing property located?
The property is located at Battle Creek, MI.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Substantial income generation from long‑term heavy storage tenants.; Sale leaseback opportunity with the current owner.; High ceiling heights up to 52'** with clear heights ranging from 27‑38'.
