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    Industrial Building on Frontage Land Title is generated by Realmo AI

    1405 N Range Road, Kimball, MI 48074

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    Claim this Listing
    For Sale
    $1,500,000

    LAND - Kimball, MI

    Property size:
    15,310 SF
    Lot size:
    0.84 Acres
    Price / SF:
    $97/SF
    Added:
    Jul 10, 2025
    Days on Market:
    330
    Last Refresh:
    Jun 4 at 5:06 am

    Property Features for 1405 N Range Road

    General Information

    Property type
    Land
    Property subtype
    Other
    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

    We can help!

    Listing Contact
    Anthony Rubino
    Anthony Rubino

    Listing agent Anthony Rubino License #6502425251

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Jul 10, 2025

    MLS# 50181281 Listing URL

    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.

    HighLights

    • 525' of frontage on Range
    • Existing 15,310 SF industrial building on site
    • Multiple vacant streets could bring total acreage to 27 AC+/-
    • Water source: public

    Overview

    This offering combines land and an existing industrial building at 1405 N Range Road in Kimball, Michigan. The property includes an existing 15,310 SF industrial building on site, positioned on a 0.84-acre parcel with 525' of frontage on Range Road. The site also notes that multiple vacant streets could potentially be incorporated to bring total acreage to 27+/- acres, depending on what is acquired and approved.

    Situated in St. Clair County, the location is described through its long frontage on Range Road. The remarks indicate the possibility of expanding the overall footprint by assembling additional available areas, which may be relevant for buyers planning a larger industrial use or campus-style layout.

    For tenants, this is best viewed as a land-and-building platform for industrial occupancy where the current structure can support operations while ownership evaluates expansion options. For investors and developers, the property’s combination of existing improvements and the stated ability to increase total acreage through additional acquisitions can support a range of industrial development strategies, subject to due diligence and approvals.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $137.8k $9.00
    − Vacancy −$9.6k −$0.63
    EGI $128.1k $8.37
    − OpEx −$19.2k −$1.26
    NOI $108.9k $7.11
    15,310 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.56M
    $1.36M – $1.82M (±1% cap)
    NOI $108,923 @ 7.0% cap · market cap 7.26%
    Second Best
    Industrial
    $1.28M
    $1.12M – $1.50M (±1% cap)
    NOI $89,701 @ 7.0% cap · market cap 5.98%
    Theoretical Best
    Multifamily LT 5
    $11.51M
    $10.07M – $13.43M (±1% cap)
    NOI $805,668 @ 7.0% cap · market cap 53.71%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    blue water lift ... Car Dealership BLUE WATER LIFT Car Dealership

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Storage Facility Bar & Pub Electronics & Wireless Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Solo Storage & Truck Rental — 4296 Dove Rd, Port Huron, MI 48060
    • Storage of America — 1661 Range Rd, Kimball, MI 48074

    Location Insight

    • Map
    • Local Demand
    City
    Kimball
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.502382
    Latitude
    42.948095

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      Wadhams Road Commercial Building Opportunity

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      2855 Wadhams, Kimball, MI, 48074
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    • $199,000
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      Vacant Convenience Store Opportunity

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    FAQs

    What type of property is this?
    Warehouse - Industrial building with 525' of Range Road frontage, offering development flexibility for buyers evaluating scale-up options.
    Where is this warehouse 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: 525' of frontage on Range; Existing 15,310 SF industrial building on site; Multiple vacant streets could bring total acreage to 27 AC+/-
    (586) 873-5419
    We can help!
    Listing Contact
    Anthony Rubino
    Anthony Rubino
    Real Estate License ID: 6502425251
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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