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    Justin Francek, Port Huron, MI

    License ID: 6501387884
    Pilot Property Group
    Association
    Chicago Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (586) 254-0900
    Office Address:
    44400 Van Dyke Ste 101, Sterling Heights, MI, 48314

    Performance

    Listings
    16

    Listings

    For Sale (12)

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    • Contact for pricing
      25,760 SF

      Industrial Building with Expansion Potential

      Well-maintained industrial building with heavy power and expansion possibilities.
      7254 Maple Valley Rd, Brown City, MI 48416
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    • Contact for pricing
      3,500 SF

      Updated Commercial Space For Sale

      Two-story commercial space with a finished basement and elevator.
      1306 S Carney Dr, Saint Clair, MI 48079
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    • Contact for pricing

      Cleared Lot For Sale

      Cleared lot suitable for retail or office uses.
      1761 E Lansing Rd, Charlotte, MI 48813
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    • Contact for pricing

      Vacant Land Near Hospital

      0.87 acres of vacant land for medical office use.
      4160 River Rd, East China, MI 48054
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    • Contact for pricing
      32,682 SF

      City Approved Senior Care Project

      Approved senior care project with construction plans for 50 beds.
      2138 N Carolina St, Saginaw, MI 48602
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    • Contact for pricing
      14,776 SF

      Industrial Investment Opportunity For Sale

      Well-maintained industrial property with truck parking and tenant in place.
      24650 Sherwood Ave, Center Line, MI 48015
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    • Contact for pricing
      26,157 SF

      Truck Parking Investment Opportunity

      Well-maintained commercial building with truck parking and outside storage.
      25411 Sherwood Ave, Warren, MI 48091
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    • Contact for pricing
      3,200 SF

      Gratiot Avenue Auto Shop

      Two-bay auto detail shop with high visibility frontage.
      34470 Gratiot Ave, Clinton Township, MI 48035
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    • Contact for pricing

      60.07 Acres Light Industrial Land

      60.07 acres of light industrial land for sale.
      Dove Rd, Port Huron, MI 48060
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    • Contact for pricing
      1,706 SF

      Gratiot Avenue Retail Opportunity

      Retail space on Gratiot near I-696 with high traffic.
      27380 Gratiot Ave, Roseville, MI 48066
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    • Contact for pricing
      900 SF

      Established Drive-Thru Party Store

      Successful drive-thru party store in a prime location.
      1635 Pine Grove Ave, Port Huron, MI 48060
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    • $575,000
      10,995 SF

      Former Gym with Open Floorplan

      Former gym in great condition, suitable for owner occupancy/investment.
      34736 Gratiot Ave, Clinton Township, MI 48035
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    For Lease (4)

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      Warehouse with Crane and Storage

      Clean warehouse with updated offices, crane, and yard storage.
      2543 Wills St, Marysville, MI 48040
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    • Contact for pricing

      Retail and Office Spaces Available

      Well-maintained plaza with high foot traffic, near I-94.
      3150-3188 Gratiot Blvd, Marysville, MI 48040
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    • Contact for pricing

      Retail Space in High Traffic Area

      Open floor plan suitable for office or retail uses.
      4448 Main St, Brown City, MI 48416
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    • Contact for pricing

      Updated Space with Elevator

      Two-story space suitable for retail, office, or medical uses.
      1306 S Carney Dr, St Clair, MI 48079
      View Details

    Leases and Sales on Map

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    Justin Francek, Port Huron, MI
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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.

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    Justin Francek, Port Huron, MI
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