6500 Lovers Lane
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | No longer available | - | |
| No longer available | |||
| Jun 21, 2022 | Listed by Callander Commercial | $249,000 | |
| Listed by Callander Commercial | |||
| Mar 1, 2021 | Listed by NAI Wisinski of West Michigan | $249,000 | |
| Listed by NAI Wisinski of West Michigan | |||
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COMMERCIAL DEVELOPMENT OPPORTUNITY: 2 parcels totaling approx. 12.55 acres situated on Lovers Ln. in Portage, Michigan. Portage Creek runs through middle and parcel backs up to the Portage Creek Bicentennial Park Trail. Site offers approx. 512.25' of frontage on Lovers Ln. and is zoned I-1, Light Industrial District within the City of Portage. Municipal water and sanitary/storm sewer at site. Located just south of Stryker's corporate campus and near Stryker Medical, Pfizer Inc. and the Kalamazoo/Battle Creek International Airport. Buyer should review buildable acreage and wetlands. Property is owned by Pfizer Inc., and any sale will include restrictive-use covenants and other unconventional requirements in a sales agreement. Contact listing agent for additional details.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017