Industrial Building with Land
1405 Range Rd Kimball, MI 48074
For Sale
$1,500,000
Industrial building on site with 525 feet of frontage and all utilities available at the street.
Property Size15,310 SF
Price / SF$97.98
Days on Market390
Property Features for 1405 Range Rd
General Information
- Standard status
- Active
- Size
- 15,310 SF
- Property subtype
- Land
Listing Agency:
Pilot Property Group
(586) 227-9515
Listed By:
Justin Francek · License #6501387884
(586) 227-9515
Source:
Cpix.resimplifi
Added: Jul 1, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pilot Property Group
Investment Insights
Based on property information with market context.
This offering includes an existing 15,310 SF industrial building on the property, along with industrial land suitable for expansion based on available vacant streets. The site lists 525 feet of frontage on Range Rd, and the seller notes that all utilities are available at the street.
Additional acreage may be possible by utilizing multiple vacant streets, with total acreage indicated as 27 AC +/- based on broker details. For specific configuration and land options, contact the broker for information.
Call broker for details regarding the available acreage, since the current buildable footprint and total acreage potential depend on the vacant street options identified for the site.
Additional acreage may be possible by utilizing multiple vacant streets, with total acreage indicated as 27 AC +/- based on broker details. For specific configuration and land options, contact the broker for information.
Call broker for details regarding the available acreage, since the current buildable footprint and total acreage potential depend on the vacant street options identified for the site.
Key Highlights
- Existing 15,310 SF industrial building on site
- 525’ of frontage on Range
- All utilities available at the street
Financial Insights For Industrial
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 | −$38.4k | −$2.51 |
| NOI | $89.7k | $5.86 |
15,310 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
blue water lift ...
Car Dealership
BLUE WATER LIFT
Car Dealership
FAQs
What type of property is this?
Industrial land - Industrial building on site with 525 feet of frontage and all utilities available at the street.
Where is this industrial land located?
The property is located at 1405 Range Rd 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: Existing 15,310 SF industrial building on site; 525’ of frontage on Range; All utilities available at the street
