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Property profile & analytics
OFF-MARKET
Industrial land
1603 Wildwood Ave Jackson, MI 49202-4041
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-3174483
Property summary
AI-generated overview
This Jackson, MI industrial building, located at 1603 Wildwood Ave, offers 9,329 square feet of versatile space on a 0.58-acre lot. Built in 1930 and zoned I-2, this property features one loading dock and one dock-high door, facilitating efficient shipping and receiving. The open interior layout allows for customization to suit various business needs. Its prime location offers convenient access to I-94, just 2 miles away, ensuring seamless transportation of goods. The asking price is $559,000, translating to $59.92 per square foot. The property's APN is 2-24-72-00-000. This is a modified lease property, ideal for businesses seeking a functional and adaptable space with excellent transportation links in Jackson County, MI, zip code 49202. The ample space and convenient location make this an exceptional opportunity for various commercial endeavors. This is a rare opportunity to acquire a well-located industrial property with significant potential.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
2 ac (87,120 SF)
Zoning code
I-2
APN
000-08-33-326-004-01
UPID
US43-3174483
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
Kelcade Development LLC · 7 yrs held
Kelcade Development LLC
since 2018
1 recorded transaction
Zoning & alternative use
I-2 · Jackson, MI
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 Jackson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jackson 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,880
Tax year 2022
Assessed value
$37,900
Assessed 2023
Previous assessed
$40,400
-6.2% YoY
Effective rate
4.96%
On assessed value
Total market value
$75,800
Applied tax rate
1.0000
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
2 ac (87,120 SF)
Zoning code
I-2
APN
000-08-33-326-004-01
UPID
US43-3174483
Jurisdiction
JACKSON
Zoning & alternative use
I-2 · Jackson, MI
Zoning I-2 · permitted uses
I-2 · Jackson, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Jackson. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2 ac
Current owner
From public records · entity-resolved
Kelcade Development LLC
Entity
Mailing address
1801 WILDWOOD AVE, JACKSON, MI 49202-4044
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2018
—
Kelcade Development LLC
Mapi Real Estate LLC
Warranty Deed
$1,300,000 · The Huntington National Bank
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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