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Property profile & analytics
OFF-MARKET
Industrial properties
5140 Ml Ave Kalamazoo, MI 49048-8569
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-2208181
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Total area
29,320 SF
Lot
2.51 ac (109,336 SF)
Zoning code
LM
APN
07-30-305-030
UPID
US43-2208181
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
-
R W Lapine Inc General Contractor Construction Company
-
Suburban Mechanical Service, a Division of R. W. LaPine Inc. Hardware & Home Improvement HVAC Service
-
Used Transmissions Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Palmira Properties LLC · 7 yrs held
Palmira Properties LLC
since 2018
4 recorded transactions
Zoning & alternative use
LM · Kalamazoo, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Kalamazoo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kalamazoo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$17,460
Tax year 2021
Assessed value
$338,800
Assessed 2023
Previous assessed
$338,800
+0.0% YoY
Effective rate
5.15%
On assessed value
Total market value
$677,600
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
Off-Market
Year built
1983
Heating
FORCED AIR
Stories
1
Total area
29,320 SF
Lot
2.51 ac (109,336 SF)
Zoning code
LM
APN
07-30-305-030
UPID
US43-2208181
Jurisdiction
KALAMAZOO
Zoning & alternative use
LM · Kalamazoo, MI
Zoning LM · permitted uses
LM · Kalamazoo, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kalamazoo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Stories
1
Lot
2.51 ac
Current owner
From public records · entity-resolved
Palmira Properties LLC
Entity
Mailing address
9318 E SHR DR, PORTAGE, MI 49002-6608
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
—
Palmira Properties LLC
—
Deed
related
$2,000,000 · Southern Michigan Bank & Trust
Jan 22, 2020
—
Palmira Properties LLC
—
Deed
related
$2,560,000 · Southern Michigan Bank & Trust
Nov 9, 2018
—
Palmira Properties LLC
Kirk Lapine
Warranty Deed
—
Jun 12, 2013
$400,000
Kirk Lapine
Lyle Lapine
Warranty Deed
related
$400,000 · Lyle Lapine Etal
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.
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