Realmo Analytics
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Property summary
This exceptional investment opportunity presents a fee-simple ownership of a 14,550-square-foot Walgreens pharmacy located at 760 W Michigan Ave, Kalamazoo, MI 49006. Built in 2014, this newer prototype store sits on a 1.49-acre lot and boasts a strong 7.75% cap rate with a current NOI of $375,000. The property benefits from a long-term, absolute NNN lease with Walgreens, expiring March 31, 2034, providing over 9.4 years of remaining lease term and eleven 5-year renewal options. This ensures… a passive income stream with no landlord responsibilities. The strategic location at the intersection of Michigan Avenue and Main Street, two major thoroughfares with approximately 42,000 vehicles passing daily, provides exceptional visibility and accessibility. The property is less than half a mile from the future Kalamazoo Event Center, a $300 million development projected to attract significant foot traffic and boost the local economy. Its proximity to Western Michigan University (approximately 22,500 students), Kalamazoo College, and major employers like Pfizer, Stryker, and Zoetis further enhances its value and long-term potential. The asking price for this prime retail investment is $4,838,709.
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.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2019
Value estimate
· Oct 2026Realmo valuation models over county records.
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 $199/month
- GBA
- 14,550 SF
- Lot area
- 1.49 ac
- Stories
- 1
- APN
- 06-16-459-010
- Zoning
- CCBD
- Assessed value · 2023
- $746,800
- Annual tax · 2019
- $39,950
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/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.
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.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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