Commercial Land with Industrial
For Sale
$1,500,000
1405 N Range Road, Kimball, MI 48074
VACANT LAND, Kimball, MI
Property Size15,310 SF
Lot Size0.84 Acres
Price / SF$97.98
Days on Market414
Property Features for 1405 N Range Road
General Information
Property type
Land
Property subtype
Other
Zoning
Commercial
Zoning description
Commercial
Subdivision
Roosevelt Park
Elementary school district
Port Huron Area School District
Middle school district
Port Huron Area School District
High school district
Port Huron Area School District
Standard status
Active
APN
25-520-0002-000
Lot size
0.84 Acres
Taxes and HOA fees
Tax Annual Amount
4502
Utilities
Water source
Public
Listing Agency:
Pilot Property Group - Residential LLC
(586) 254-0900
Listed By:
Anthony Rubino · License #6502425251
(586) 873-5419
Added: Jul 10, 2025
Changed: Aug 19
Last Checked: Aug 27 at 11:06PM
MLS# 50181281
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1405 N Range Road in Kimball, Michigan, this 0.84-acre commercial land parcel includes an existing 15,310-square-foot industrial building. The property carries Commercial zoning and has public water service.
The site provides 525 feet of frontage along Range Road. Its combination of land area and existing industrial improvements creates a commercial property with both site and building components.
The site provides 525 feet of frontage along Range Road. Its combination of land area and existing industrial improvements creates a commercial property with both site and building components.
Key Highlights
- 0.84‑acre commercial land parcel
- Existing 15,310 SF industrial building on site
- 525 feet of frontage along Range Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,701
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,794,020
$1.8M
Cap Rate 7%
$1,281,443
$1.3M
Cap Rate 9%
$996,678
$996.7K
Market Conditions
NOI Build-Up for 15,310 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$137.8K $9.00/SF
− Vacancy
−$9.6K −$0.63/SF
EGI
$128.1K $8.37/SF
− OpEx
−$38.4K −$2.51/SF
NOI
$89.7K $5.86/SF
Area
St. Clair County, MI
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,794,020
Cap Rate 7%
$1,281,443
Cap Rate 9%
$996,678
Alternative Uses
Best Use
Industrial
$1.28M
$1.12M – $1.50M
NOI $89,701 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.51M
$10.07M – $13.43M
NOI $805,668 @ 7.0% cap · market cap 53.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 48074, MI
9,608
Population
3,809
Households
2.5
Avg Household Size
43
Median Age
15%
College-Educated
90%
High-School Grad
37.2 sq mi
ZIP Area
258
Density / Sq Mi
$69,600
Median Household Income
$43,577
Median Earnings
$1,139
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial parcel with an existing industrial building and public water service.
Where is this commercial land located?
The property is located at 1405 N Range Road Kimball, MI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 0.84‑acre commercial land parcel; Existing 15,310 SF industrial building on site; 525 feet of frontage along Range Road
