Financial
Distress signals
Property profile

9340 Shaver Rd Portage, MI 49024

FOR LEASE
Other commercial real estate
Property ID
US43-2410752
12,672 SF 1.59 ac lot Built 1979
Last sale Dec 2024 · $1,950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a multi-tenant flex/industrial facility built in 1980, offering suites ranging from approximately 1,802 to 32,789 square feet. Each suite is served by overhead doors and the building includes three-phase electrical service to support uses such as storage, warehousing, and light assembly. The site includes outdoor parking and is located at 9340 Shaver Road in Portage, Michigan, with access to US-131. The building configuration and features make it suitable for contractors and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$12k
Tax billed · 2019
Assessed value · 2023$309k
Effective rate3.80%

Value estimate

· Sep 2026
$1.95M
$1.76M – $2.15M
AI approach$1.95M
CAP approach$2.02M
NOI build-up
Gross scheduled income$161k
Vacancy & credit loss−$10k
Operating expenses−$53k
NOI · 1,093,433.33% cap applied$98k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$82/SF
Submarket average, outlier-cleaned · 261 recorded sales of this use type
Observed band · Q1–Q3$39 – $124

Cap rate analysis

How does the asset earn?
1,093,433.33%
$98k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
Intent: The I-1 light industrial district is designed to primarily accommodate wholesale and warehouse activities and industrial operatio...
General categoryINDUSTRIAL
JurisdictionKALAMAZOO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.6
Law Firm13.4
Restaurant13.3

Location

9340 Shaver Rd Portage, MI 49024
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7690 Timbercreek, Portage, MI 49024-7008 $125,000 Jun 2025 3,816 SF
7910 Oakland, Portage, MI 49024-4936 $321,110 Jun 2025 9,490 SF
5835 Oakland, Portage, MI 49024-1118 $900,000 Jun 2024 4,060 SF
308 Milham, Portage, MI 49024-2720 $39,441 Dec 2021 7,148 SF
7921 Oakland, Portage, MI 49024-4935 $400,000 Aug 2019 4,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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