Property profile

5990 Venture Park Dr Kalamazoo, MI 49009

FOR SALE
Office buildings
Property ID
US43-Q004621
6,800 SF Built 1998
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Property summary

AI-generated overview

Owner-user opportunity on Venture Park Drive, just off Stadium Drive in Oshtemo Township. This 6,800 SF office building sits on 1.236 acres in a market with limited opportunities for building ownership. The property is currently configured for a single tenant, but was previously occupied by two tena ... nts and could be converted back to a multi-tenant layout, offering flexibility for an owner-user that may want to occupy all or a portion of the building. The building includes a functional mix of private offices, meeting rooms, open work areas, break room, storage, and 22 on-site parking spaces, equating to approximately 3.23 spaces per 1,000 SF. The existing tenant's lease runs through June 2027, providing a defined timeline for a future owner-user to plan for occupancy while benefiting from interim income during the remaining lease term.

Property profile

Verified
Property type Office buildings
Year built 1998
Total area 6,800 SF
UPID US43-Q004621

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
  • Physician
  • Rehabilitation Center
  • Rehabilitation Center
  • Physician
  • Rehabilitation Center

Location

5990 Venture Park Dr Kalamazoo, MI 49009
Kalamazoo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

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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