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Property profile & analytics
OFF-MARKET
Industrial land
6500 Lovers Ln Portage, MI 49002-3030
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-2385184
Property summary
AI-generated overview
This exceptional 12.55-acre industrial land parcel in Portage, Michigan, is offered at $249,000 ($6/acre). Zoned I-1 for light industrial use, this property boasts a prime location, offering excellent access and visibility. Situated on Lovers Lane, it's conveniently located near the I-94 interchange (approximately 1.7 miles from the Southwestnedge interchange and 2.7 miles from the Portage Road interchange). The property's strategic position across from the new Stryker Headquarters further enhances its appeal. The sale includes 6510 Lovers Lane, adding to the overall acreage. This represents a rare opportunity in a limited industrial land market, ideal for users or developers seeking a well-situated and sizable parcel. The estimated usable acreage is 6.0 acres within the I-1 zoning. The property's address is 6500 Lovers Ln, Portage, MI 49002, and is located in Kalamazoo County.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
7.9 ac (344,124 SF)
Zoning code
I-1
APN
10-00010-280-O
UPID
US43-2385184
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
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
Radheyykrishana LLC
Radheyykrishana LLC
since 2025
1 recorded transaction
Zoning & alternative use
I-1 · Portage, 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 Portage submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portage 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 2019Property tax & assessments
Tax year 2019
Tax billed
$1,585
Tax year 2019
Assessed value
$154,900
Assessed 2023
Previous assessed
$154,900
+0.0% YoY
Effective rate
1.02%
On assessed value
Total market value
$309,800
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
7.9 ac (344,124 SF)
Zoning code
I-1
APN
10-00010-280-O
UPID
US43-2385184
Jurisdiction
KALAMAZOO
Zoning & alternative use
I-1 · Portage, MI
Zoning I-1 · permitted uses
I-1 · Portage, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portage. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
7.9 ac
Current owner
From public records · entity-resolved
Radheyykrishana LLC
Entity
Free & Clear · 0 yrs held
Mailing address
100 RTE 206TH BLDG N BLDG #1, PEAPACK, NJ
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 12, 2025
$200,000
Radheyykrishana LLC
Pharmacia & Upjohn Company LLC
Quitclaim Deed
related
—
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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