Property profile

1381 S Drake Rd Kalamazoo, MI 49006

FOR SALE
Other commercial real estate
Property ID
US43-2205474
7,480 SF 0.65 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A retail strip center configured with multiple units, including Units B, C, D, and E, offering approximately 3,936 square feet in total for the listed spaces. The property is situated near the Western Michigan University (WMU) campus at a busy intersection and provides access via roadway stop lights to the north and south, which supports visibility from passing traffic. The surrounding area includes established commercial uses such as a Speedway gas station, Walters Auto, and Costco.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,480 SF
Lot 0.65 ac (28,314 SF)
Zoning code CC
APN 06-19-365-001
UPID US43-2205474

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Take-out & Catering
  • Courier Service Postal Service
  • Mobile Phone Store Electronics & Wireless Store
  • Training Center Tutoring Service

Location

1381 S Drake Rd Kalamazoo, MI 49006
Kalamazoo metro Census 1511 KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$654k
Blend (final) Blend
$765k

Owner & transaction history

since 2018
3 recorded transactions
2019
Price N/A
2018
$799,000
2014
Price N/A

Zoning & alternative use

CC · Kalamazoo, MI
Zoning description

CC - Commercial, Community CCBD - Commercial Central Business CBTR - Commercial, Business, Technology and Research 2022-06-15 All commercial zoning district names begin with the letter "C," which is a short-hand referenc…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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