Back to Search
Property profile & analytics
FOR LEASE
Industrial properties
1507 S Kalamazoo Ave Marshall, MI 49068
Entity Owned
4-yr Hold
Free & Clear
Property ID
US43-2506235
For Lease
1 / 7
$3,045,000
1507 S Kalamazoo Ave, Marshall, MI 49068
View Listing →
Property summary
AI-generated overview
This exceptional 61,915-square-foot industrial/manufacturing facility is available for purchase. Situated on a 5.58-acre parcel within the desirable Brooks Industrial Park in Marshall, Michigan, this property presents a unique opportunity for businesses seeking a versatile and well-equipped space. Constructed in 2001, the building boasts a blend of modern office and industrial areas. The 15,493-square-foot office space is bright and inviting, featuring large open common areas perfect for collaboration, including a lounge, multi-purpose room with projection screen, and open workstations. Multiple private offices and conference rooms provide ample space for meetings and individual work. A fully equipped kitchenette, copy/supply room, storage room, and spacious restrooms with showers add to the convenience.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Total area
59,916 SF
Lot
5.58 ac (243,065 SF)
Zoning code
I-1
APN
53-003-454-00
UPID
US43-2506235
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Common Citizen Headquarters Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$3.05M
Owner & transaction history
Common C Properties LLC · 4 yrs held
Common C Properties LLC
since 2021
1 recorded transaction
Zoning & alternative use
I-1 · Marshall, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+152.3%
Office building
$4.1M
+105.6%
Retail stores
$3.7M
+87.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Marshall submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshall submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,970,000
Current use
RESTAURANT
$4,975,000
Change: +152% · Conversion: Difficult
OFFICE BUILDING
$4,055,000
Change: +106% · Conversion: Difficult
RETAIL STORES
$3,685,000
Change: +87% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,120,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,005,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$196,064
Tax year 2022
Assessed value
$1,177,000
Assessed 2024
Previous assessed
$2,648,900
-55.6% YoY
Effective rate
16.66%
On assessed value
Total market value
$2,354,000
Applied tax rate
13,110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2001
Heating
FORCED AIR
Stories
1
Total area
59,916 SF
Lot
5.58 ac (243,065 SF)
Zoning code
I-1
APN
53-003-454-00
UPID
US43-2506235
Jurisdiction
CALHOUN
Zoning & alternative use
I-1 · Marshall, MI
Zoning I-1 · permitted uses
I-1 · Marshall, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshall. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.0M
RESTAURANT
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Stories
1
Lot
5.58 ac
Current owner
From public records · entity-resolved
Common C Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
11300 17TH MILE RD, MARSHALL, MI 49068-8522
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
Common C Properties LLC
Borgwarner Thermal Systems Of Mi In
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
