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Property profile & analytics
OFF-MARKET
Warehouses
2273 Wadhams Rd Kimball, MI 48074-1915
Entity Owned
Free & Clear
Property ID
US43-4518443
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
6,262 SF
Lot
1.63 ac (71,003 SF)
Zoning code
I-1 LIGHT IND
APN
74-25-010-2011-501
UPID
US43-4518443
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
Current use
Occupant on record · Public records
-
Unlimited Auto Sales Car Dealership
-
Tri-Star Roofing & Sheet Metal, LLC Roofing Company General Contractor
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
Lucas Holdings II LLC
Lucas Holdings II LLC
since 2025
Last sale
$305,500
7 recorded transactions
Zoning & alternative use
I-1 LIGHT IND · Kimball, 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 Kimball submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kimball 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,003
Tax year 2023
Assessed value
$147,600
Assessed 2024
Previous assessed
$143,300
+3.0% YoY
Effective rate
4.07%
On assessed value
Total market value
$295,200
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
6,262 SF
Lot
1.63 ac (71,003 SF)
Zoning code
I-1 LIGHT IND
APN
74-25-010-2011-501
UPID
US43-4518443
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 LIGHT IND · Kimball, MI
Zoning I-1 LIGHT IND · permitted uses
I-1 LIGHT IND · Kimball, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kimball. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
Lucas Holdings II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2273 WADHAMS RD, KIMBALL, MI 48074-1915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
Lucas Holdings II LLC
Lucas Holdings LLC
Quitclaim Deed
related
—
Dec 17, 2025
—
Lucas Holdings LLC
—
Deed
related
$577,188 · Tri County Bank
Jun 9, 2025
—
Tri-star Roofing & Sheet Metal LLC
Tri-county Bank
Quitclaim Deed
related
—
Aug 13, 2024
$305,500
Lucas Holdings LLC
Althea D Richards Living Trust
Warranty Deed
$1,200,000 · Tri County Bank
Nov 23, 2015
—
Richards,althia Living Trust
Richards,roger D & Gayle S
Quit Claim Deed
related
—
Jul 21, 2014
—
Richards,althea D Living Trust
Richards,anthony F & Althea D
Quit Claim Deed
related
—
Jan 2, 2014
—
Anthony F Richards
Richards,roger D & Gayle S
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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