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    Live-Work Flex Building Title is generated by Realmo AI

    1026 State Street, Port Huron, MI 48060

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    Claim this Listing
    For Lease
    $2,500/Mo $12 SF/Yr (calc)

    COMMERCIAL - Port Huron, MI

    Property size:
    2,320 SF
    Lot size:
    0.08 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    67
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 1026 State Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    06-571-0001-000
    Size
    2,320 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1950
    Roof type
    Metal

    We can help!

    Listing Contact
    Laurie Rubino SEC

    Listing agent Laurie Rubino SEC

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

    Listing date Mar 30, 2026

    MLS# 50202822

    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

    • 2,320 SF B1‑zoned commercial building on State Street in Port Huron, formerly a law office
    • Main‑level office space with tall ceilings and a private bathroom
    • Attached heated/cooled garage/shop area with a 14‑foot ceiling
    • Upstairs fully renovated 1‑bedroom loft‑style apartment with brand‑new Whirlpool appliances
    • Metal roof; forced‑air heating; public water service
    • 9x10 brand‑new insulated garage door with WiFi‑enabled opener

    Overview

    This B1-zoned live-work flex building at 1026 State Street includes main-level office space with tall ceilings and a private bathroom. An attached heated/cooled garage/shop area offers a 14-foot ceiling and is supported by a brand new, insulated 9x10 garage door with a wifi-enabled opener. Upstairs, the property features a fully renovated one-bedroom loft-style apartment with brand new Whirlpool appliances.

    The building is configured to support combined business and residential use, with dedicated interior spaces on both levels. The arrangement is well suited for tenants looking for an on-site workspace with a separate living unit above.

    For owners and operators, the combination of office and an attached garage/shop can accommodate a range of professional and light commercial workflows, while the upstairs loft provides an option for live-work use or separate rental income. Because the property is described as formerly a law office and includes office-ready features, it may also appeal to service-based tenants seeking a turnkey layout with updated finishes and modernized access to the garage/shop area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Black Law PLLC Law Firm Oak Desk Planning Business Development Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.431154
    Latitude
    42.998459

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    FAQs

    What type of property is this?
    Live-work space - B1-zoned building with office space, tall ceilings, and an attached heated garage/shop plus renovated loft apartment.
    Where is this live-work space located?
    The property is located at 1026 State Street Port Huron, MI.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: 2,320 SF B1‑zoned commercial building on State Street in Port Huron, formerly a law office; Main‑level office space with tall ceilings and a private bathroom; Attached heated/cooled garage/shop area with a 14‑foot ceiling
    (586) 254-0900
    We can help!
    Listing Contact
    Laurie Rubino SEC
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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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