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Property profile & analytics
OFF-MARKET
Industrial properties
9151 Shaver Rd Portage, MI 49024-6789
Entity Owned
12-yr Hold
Free & Clear
Property ID
US43-2424011
Property summary
AI-generated overview
This Portage, MI industrial warehouse offers 62,395 square feet of space, with 19,000 square feet currently vacant. Built in 1972 and renovated in 1990, the single-story building features a 16-foot ceiling height, two loading docks, three drive-ins, and 75 total parking spaces. The property sits on 21.5 acres and is zoned I-2. The available space includes approximately 3,000 square feet suitable for heavy industrial storage, potentially including two rooms ideal for painting or sandblasting. This space boasts a private entrance and one overhead door, making it perfect for storing or repairing heavy equipment, machinery, or industrial supplies. Its secure location off major thoroughfares and within a larger facility provides added peace of mind. The property's ample space and convenient location make it a valuable asset in a market with limited supply. The property features 1600/480/3 power. APN: 391000028150O.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
21.5 ac (936,540 SF)
APN
10-00028-150-O
UPID
US43-2424011
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
Midwest Property LLC · 12 yrs held
Midwest Property LLC
since 2014
2 recorded transactions
Zoning & alternative use
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
$35,292
Tax year 2019
Assessed value
$782,400
Assessed 2023
Previous assessed
$709,100
+10.3% YoY
Effective rate
4.51%
On assessed value
Total market value
$1,564,800
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
21.5 ac (936,540 SF)
APN
10-00028-150-O
UPID
US43-2424011
Jurisdiction
KALAMAZOO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
21.5 ac
Current owner
From public records · entity-resolved
Midwest Property LLC
Entity
Free & Clear · 12 yrs held
Mailing address
9031 SHAVER RD, PORTAGE, MI 49024-6164
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2014
$1,480,000
Midwest Property LLC
Eaton Hydraulics LLC
Warranty Deed
—
Sep 6, 2006
—
Eaton Filtration LLC
Dover Resources INC
Other
—
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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