Flex Warehouse with
333 Runnels St Port Huron, MI 48060
333 Runnels St, Port Huron, MI, 48060
$210,000
For Sale
$210,000
Flex warehouse includes an insulated office, gas forced air, polished concrete, LED lighting, and a new metal roof.
Property Size2,400 SF
Price / SF$87.50
Days on Market447
Property Features for 333 Runnels St
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1976
Listing agency
Kramer Commercial Realty
(810) 434-8560
Listed by
Gerry Kramer
(810) 434-8560
Source
Cpix.resimplifi
Added: May 1, 2025 Updated: Jul 20 at 4:38PM Checked: Jul 21 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kramer Commercial Realty
Investment Insights
Based on property information with market context.
This flex warehouse offers a fenced perimeter and a clear, open interior with a free span design and no columns. The building includes an insulated office area with gas forced air, along with air conditioning. Interior finishes and systems include a new polished concrete floor and LED lighting, designed to support straightforward everyday operations.
Additional improvements include a new metal roof with a 25-year warranty. The property is offered for sale by the owner/broker.
The combination of a column-free layout, controlled-climate office area, and updated building components makes this space practical for a range of warehouse and light flex uses, subject to applicable regulations.
Additional improvements include a new metal roof with a 25-year warranty. The property is offered for sale by the owner/broker.
The combination of a column-free layout, controlled-climate office area, and updated building components makes this space practical for a range of warehouse and light flex uses, subject to applicable regulations.
Key Highlights
- Flex warehouse built in 1976 with an insulated office area
- New metal roof with a 25‑year warranty
- Polished concrete floor and LED lighting throughout
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.6k | $9.00 |
| − Vacancy | −$1.5k | −$0.63 |
| EGI | $20.1k | $8.37 |
| − OpEx | −$3.0k | −$1.26 |
| NOI | $17.1k | $7.11 |
2,400 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$415.3K
$363.4K – $484.6K
NOI $29,074 @ 7.0% cap · market cap 13.84%
Second Best
Warehouse
$243.9K
$213.4K – $284.6K
NOI $17,075 @ 7.0% cap · market cap 8.13%
Theoretical Best
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,297 @ 7.0% cap · market cap 60.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex warehouse includes an insulated office, gas forced air, polished concrete, LED lighting, and a new metal roof.
Where is this flex space located?
The property is located at 333 Runnels St Port Huron, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Flex warehouse built in 1976 with an insulated office area; New metal roof with a 25‑year warranty; Polished concrete floor and LED lighting throughout
