Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 2,936 square foot, single-tenant retail building fully occupied by Skymint, a corporate-guaranteed tenant, at 3630 Gull Rd, Kalamazoo, MI 49048. The property sits on a 1.04-acre lot at a signalized intersection with high daily traffic counts exceeding 29,800 vehicles. The absolute NNN lease commenced January 1, 2021, and extends to December 31, 2035, with two 5-year renewal options. The lease includes attractive 3%… annual rent bumps, ensuring consistent income growth and inflation protection. The property boasts a strong 9.50% cap rate and a substantial net operating income (NOI) of $281,161. The strategic location within a densely populated residential area, near major retailers, Ascension Borgess Hospital, and downtown Kalamazoo, provides a built-in customer base. Furthermore, the proximity to three higher education institutions (Western Michigan University, Kalamazoo College, and Kalamazoo Valley Community College) with a combined enrollment exceeding 25,500 students contributes to significant foot traffic and consumer demand. This investment offers a passive income stream with zero management responsibilities, backed by a thriving cannabis market in Michigan, the second largest in the US. The surrounding area includes numerous national and local retailers, further enhancing the property's desirability and potential for long-term growth. The property's strong demographics, with over 38,500 people within a 3-mile radius and an average household income exceeding $79,735, solidify its investment appeal.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2019
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 1,795 SF
- Lot area
- 1.04 ac
- Year built
- 1795
- Stories
- 1
- APN
- 06-12-214-001
- Zoning
- CC
- Assessed value · 2023
- $129,100
- Annual tax · 2019
- $7,011
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
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…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Value Estimation
- NOI Potential
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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