Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1911 Ctr Ave Portage, MI 49024-5367

    • Commercial real estate
    • 4,500 SF
    • 4.11 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-2011630
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1911 Ctr Ave

    Year built
    1989
    Lot size
    4.11 lot acres
    Property size
    4,500 SF
    Zone code
    OS-1
    Property type
    Commercial real estate
    APN
    10-00020-025-A
    APU
    1000020025A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $557,000
      Market price range: $176k - $558k
      AI Estimate
      $557,000
      Market price range: $176k - $558k

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

    Location Insight

    • Map
    • Local Demand
    City
    Portage
    County
    Kalamazoo
    State
    Michigan
    Longitude
    -85.6117
    Latitude
    42.1999
    CBSA code
    28020
    CBSA name
    KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $15,251
    $0.00
    $0.00
    $547,700
    -
    $0.00
    $0.00
    $1,095,400

    Comparable in this City

    • Value Estimation by Request
      1.95 Acres

      8401 Greenspire Dr

      COMMERCIAL (GENERAL) • 1.95 Acres
      8401 Greenspire Dr, Portage, MI 49024-4740
      View Details
    • Value Estimation by Request
      5.47 Acres

      820 Ctr Ave

      COMMERCIAL (GENERAL) • 5.47 Acres
      820 Ctr Ave, Portage, MI 49024-5312
      View Details
    • Value Estimation by Request
      14.60 Acres

      8401 Shaver Rd

      COMMERCIAL (GENERAL) • 14.60 Acres
      8401 Shaver Rd, Portage, MI 49024
      View Details
    • Value Estimation by Request
      66.34 Acres

      8850 Shaver Rd

      COMMERCIAL (GENERAL) • 66.34 Acres
      8850 Shaver Rd, Portage, MI 49024-6155
      View Details
    • Value Estimation by Request

      8080 Oakland Dr

      COMMERCIAL (GENERAL)
      8080 Oakland Dr, Portage, MI 49024
      View Details
    • Value Estimation by Request
      13.63 Acres

      7102 Kenmure Dr

      COMMERCIAL (GENERAL) • 13.63 Acres
      7102 Kenmure Dr, Portage, MI 49024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.00 Acre

      Prime Portage Office Development Site

      High-visibility, build-to-suit office space.
      600 Milham Ave, Portage, MI 49024
      View Details
    • $990,000
      4.15 Acres

      Portage Commercial Land - $990K

      4.15-acre development site, prime location.
      7951 12Th St, Portage, MI 49024
      View Details
    • $550,000
      2.52 Acres

      Prime Portage Medical Land

      2.52-acre commercial lot, ideal medical/office.
      3100 Cooley Ct, Portage, MI 49024
      View Details
    • $1,300,000
      10,226 SF

      Portage Industrial Building - 10,226 SF

      Prime Portage location, 10,226 sq ft office building on 4.87 acres.
      616 Center St, Portage, MI 49024
      View Details
    • Contact for pricing
      Pending

      Residential Land in Portage, MI

      Buildable lot in Portage, MI, with utilities available.
      2633 Rolling Hill Ave, Portage, MI 49024
      View Details
    • $131,354
      2.63 Acres

      Portage Industrial Land For Sale

      Industrial land available in Portage, with city sewer and water.
      8831 Portage Industrial Dr, Portage, MI 49024
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      8,400 SF

      Lenox Ave Industrial Space

      Portage, MI: Office/Warehouse Opportunity
      865 Lenox Ave, Portage, MI 49024
      View Details
    • $17 SF/Yr
      6,624 SF

      Portage Office Space Available

      Affordable office suites, ideal for solo professionals.
      1615 Centre Ave, Portage, MI 49024
      View Details
    • Contact for pricing
      1,234 SF

      Spacious Condo with Loft

      Two-bedroom condo with loft, modern kitchen, and convenient location.
      3490 Scots Pine Way, Portage, MI 49024
      View Details
    • $22 SF/Yr
      11,305 SF

      Portage Medical Office Space Available

      1,050 SF Medical Office in Portage, MI
      6505 Constitution Blvd, Portage, MI 49024
      View Details
    • $8 SF/Yr
      18,140 SF

      Versatile Industrial Space Near US-131

      18,140 SF industrial space perfect for storage or light assembly.
      9350 Shaver Rd Unit, Portage, MI 49024
      View Details
    • $14 SF/Yr
      15,428 SF

      Prime Retail Space in Portage

      High-visibility retail space with flexible layout and ample parking.
      10071 Shaver Rd, Portage, MI 49024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1911 Ctr Ave
    Portage, MI 49024-5367
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.