Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4490 Lapeer Rd Port Huron, MI 48060

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $289,900

    Three-unit retail plaza on a highly visible corner lot.

    Lot size:
    0.75 Acres

    Property Features for 4490 Lapeer Rd

    General Information

    Lot size
    0.75 Acres

    We can help!

    Listing Contact
    Jeff Hedberg
    Source: Elliman

    Listing Agent: Jeff Hedberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Plaza on Corner Lot

    This property features a 2112 square foot plaza with three units, situated on a highly visible corner lot. The corner location offers potential for future opportunities. One of the units is currently occupied by a hair salon, which will remain as a tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Today's Hairlines Hair Salon

    Suggested Use

    Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Auto Parts Store

    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
    -82.50164
    Latitude
    42.98255

    Nearby Similar for Sale

    • $599,900
      5,400 SF

      Turn Key Bar & Grill

      Established bar and grill with entertainment space on 1.5 acres.
      521 24Th St, Port Huron, MI 48060
      View Details
    • $1,220,000
      17,000 SF

      Versatile Industrial Property Near Freeway

      17,000 SF property with retail and industrial zoning.
      3905-3921 32Nd St, Port Huron, MI 48060
      View Details
    • $625,000
      6,750 SF

      Versatile Industrial Property Near Freeway

      Multi-use property near I-94, suitable for retail and industrial businesses.
      3905 32Nd St, Port Huron, MI 48060
      View Details
    • $149,900
      1,914 SF

      Port Huron Duplex Investment Opportunity

      Two-unit property near downtown Port Huron with immediate income potential.
      1012 8Th St, Port Huron, MI 48060
      View Details
    • $299,995
      2,704 SF

      Versatile Commercial Building in Port Huron

      High-visibility commercial building with flexible space and parking.
      3103 Lapeer Ave, Port Huron, MI 48060
      View Details
    • $799,900
      2,184 SF

      Established Business with Development Potential

      Party store, rental property, and approved gas station development plans.
      937 Oak St, Port Huron, MI 48060
      View Details
    • $129,900
      1,422 SF

      Cape Cod Duplex in Port Huron

      Cape Cod duplex with two units, ideal for investors.
      1103 White St, Port Huron, MI 48060
      View Details
    • $100,000
      2,032 SF

      Mixed-Use Property in Port Huron

      Commercial and residential opportunity with recent updates and excellent location.
      1203 Varney St, Port Huron, MI 48060
      View Details
    • $188,000
      Pending

      Renovated Triplex Near Downtown

      Renovated triplex in Port Huron, generating $2,450 monthly rent.
      822 Wall St, Port Huron, MI 48060
      View Details
    • $529,900
      1.50 Acres

      Port Huron Vacant Commercial Land

      1.5 acre commercial land with high traffic and highway access.
      521 24Th St, Port Huron, MI 48060
      View Details
    • $279,900
      2,320 SF

      Versatile Mixed-Use Property, Port Huron

      B1-zoned commercial property with office, shop, and renovated apartment.
      1026 State St, Port Huron, MI 48060
      View Details
    • $400,000
      5,400 SF

      Medical Office Near Lake Huron

      Well-maintained medical office space adjacent to Lake Huron Hospital.
      2609 Electric Ave, Port Huron, MI 48060
      View Details

    FAQs

    What type of property is this?
    Strip mall - Three-unit retail plaza on a highly visible corner lot.
    Where is this strip mall located?
    The property is located at 4490 Lapeer Rd Port Huron, MI.
    What is the asking price?
    The asking price for this property is $289,900.
    What are key features of this property?
    This property features: - Highly visible corner lot location.; - Three-unit commercial plaza totaling 2112 square feet.; - Tenant in place (hair salon).
    (810) 987-8600
    Request Owner's contact information
    4490 Lapeer Rd Port Huron, MI 48060
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4490 Lapeer Rd
    Port Huron, MI 48060
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    4490 Lapeer Rd Port Huron, MI 48060
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeff Hedberg
    (810) 987-8600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.