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    1013 Kalamazoo St Paw Paw, MI 49079
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    Property profile & analytics

    1013 Kalamazoo St, Paw Paw, MI 49079

    View on Map
    • Commercial real estate
    • 1.76 lot acres
    Off-Market
    Property ID
    US43-4760758
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walmart House Cleaning Services / Hardware & Home Improvement
    • Coinstar / Bank / Credit Union
    • Walmart Baby & Nursery Services / Social Service Agency / Community Center
    • Walmart Pet Services / Kennel & Boarding Facility
    • MoneyGram / Bank / Credit Union

    Property Details for 1013 Kalamazoo St

    Lot size
    1.76 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.76-acre commercial land parcel presents a unique investment opportunity in Paw Paw, Michigan. Strategically located on South Kalamazoo Street, this property benefits from a prime outlot position shadow-anchored by the only grocery supercenter within a 15-mile radius, ensuring consistent high traffic volume. The site boasts excellent highway visibility and convenient access to I-94, a major thoroughfare connecting Detroit and Chicago, significantly expanding its market reach. This location draws customers from a 15-mile radius, capitalizing on Walmart's regional draw. Situated in Paw Paw, the county seat of Van Buren County (population exceeding 76,000), this property is part of the greater Kalamazoo regional metropolitan statistical area, offering access to a substantial consumer base. The address is 1013 S Kalamazoo Street (Pad 1), Paw Paw, MI 49079, within Van Buren County. This land parcel presents a rare chance to establish a thriving business in a high-traffic, well-established commercial area with strong regional connectivity. The property's size and location make it ideal for a variety of commercial developments.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Paw Paw
    County
    Van Buren
    State
    Michigan
    Longitude
    -85.88093661
    Latitude
    42.20420531

    Comparable in this City

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      Red Arrow Highway Corner Lot

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      Paw Paw Land Parcel

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      Paw Paw Commercial Land Opportunity

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      Paw Paw Land For Sale

      4.3-acre parcel in Paw Paw school district.
      40Th St, Paw Paw, MI 49079
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    Similar Nearby for Sale

    • Contact for pricing
      0.34 Acres

      Residential Land in Paw Paw, MI

      Residential lot in a neighborhood near Paw Paw, Michigan.
      48681 Valley Ct, Paw Paw, MI 49079
      View Details
    • Contact for pricing
      31,798 SF

      Red Arrow Highway Corner Lot

      Commercial land with high visibility and easy access.
      29055 Red Arrow Hwy, Paw Paw, MI 49079
      View Details
    • $249,000
      4.20 Acres

      Derhammer Parkway Industrial Land

      Paw Paw, MI: Prime Industrial Parcels
      0 Derhammer Pkwy, Paw Paw, MI 49079
      View Details
    • $39,900
      2.07 Acres

      Paw Paw Land Parcel

      2.08-acre parcel with road frontage and creek.
      Vl County Rd 665, Paw Paw, MI 49079
      View Details
    • $445,000
      11.57 Acres

      Paw Paw Commercial Land Opportunity

      11+ acres with road frontage in high-traffic area.
      35553 M 43, Paw Paw, MI 49079
      View Details
    • $47,750
      4.34 Acres

      Paw Paw Land For Sale

      4.3-acre parcel in Paw Paw school district.
      40Th St, Paw Paw, MI 49079
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr

      Move-in Ready Industrial Building

      10,912 SF light industrial building with office space for lease.
      138 Ampey Rd, Paw Paw, MI 49079
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    • $10 SF/Yr
      10,912 SF

      Move-in Ready Industrial Building

      10,912 SF light industrial building with office space for lease.
      138 Ampey Rd, Paw Paw, MI 49079
      View Details
    • Contact for pricing

      Former Retail Space in Paw Paw

      Former Dollar General in growing commercial corridor near Kalamazoo.
      924 E Michigan Ave, Paw Paw, MI 49079
      View Details
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    Paw Paw, MI 49079
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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
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