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Financial
Distress signals
Property profile

818 Cobb Ave Kalamazoo, MI 49007

FOR SALE
Other warehouses
Property ID
US43-3137448
21,259 SF 1.23 ac lot
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is located in downtown Kalamazoo within walking distance of the Kalamazoo Event Center and is positioned for a work/live concept that combines residential and commercial use within a redevelopment framework. It is described as suitable for conversion into a mixed-use environment, and the redevelopment plan is subject to municipal lot-split approvals. The site is characterized by a bike score of 60 (bikeable) and a walk score of 71 (very walkable), indicating pedestrian and cycling access to nearby amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$3k
Tax billed · 2019
Assessed value · 2023$58k
Effective rate5.33%

Value estimate

· Oct 2026
$135k
$122k – $149k
NOI build-up
Gross scheduled income$328k
Vacancy & credit loss−$24k
Operating expenses−$76k
NOI · 77.46% cap applied$229k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
77.46%
$229k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-1
JurisdictionKALAMAZOO

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.6
Dental Office9.1
Watch Repair Shop8.8

Location

818 Cobb Ave Kalamazoo, MI 49007
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
615 Ransom, Kalamazoo, MI 49007-3311 $70,000 Oct 2023 12,257 SF
2425 Douglas, Kalamazoo, MI 49007-1528 $325,000 Oct 2023 1,008 SF
831 Cobb, Kalamazoo, MI 49007-2444 $725,000 Jul 2022 95,905 SF
315 En, Kalamazoo, MI 49007-3530 $530,000 Oct 2020 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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