Storefront Building with Leased
For Sale
$374,900
2110 Stone St, Port Huron, MI 48060
Highly visible storefront building with flexible interior space, plus an adjacent fully leased duplex generating rental income.
Property Size1,968 SF
Price / SF$190.50
Days on Market102
Property Features for 2110 Stone St
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Multifamily, Office
Zoning
R1
Additional Details
Multifamily Units
2
Listing Agency:
Kramer Commercial Realty
Listed By:
Korissa Kramer · License #6502386241
(810) 531-4090
Source:
Cpix.resimplifi
Added: Jun 5
Changed: Sep 12
Last Checked: Sep 14 at 5:34AM
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.
2110-2112 Stone Street includes approximately 1,968 square feet of commercial space paired with an adjacent duplex that is currently occupied. The commercial portion is designed around a highly visible storefront with expansive display windows and updated exterior finishes. Interior space is described as having flexible floor plans, supporting a range of commercial uses such as retail, office, professional services, creative studio, showroom, and specialty or contractor-oriented operations.
The property’s street-facing storefront provides prominent presentation for a business seeking customer visibility. In addition, the nearby duplex tenancy is presented as providing immediate rental income of $2,350 per month, which may help offset operating expenses and debt service.
For buyers considering a mixed-use owner-operator or income-oriented setup, this configuration offers both operational space and a separate leased residential component. The storefront and display windows support businesses that benefit from walk-in or retail-style exposure, while the flexible floor plans may accommodate office, services, creative, showroom, and other specialty commercial needs within the commercial building.
The property’s street-facing storefront provides prominent presentation for a business seeking customer visibility. In addition, the nearby duplex tenancy is presented as providing immediate rental income of $2,350 per month, which may help offset operating expenses and debt service.
For buyers considering a mixed-use owner-operator or income-oriented setup, this configuration offers both operational space and a separate leased residential component. The storefront and display windows support businesses that benefit from walk-in or retail-style exposure, while the flexible floor plans may accommodate office, services, creative, showroom, and other specialty commercial needs within the commercial building.
Key Highlights
- Commercial building offers approximately 1,968 SF of flexible interior space for a variety of commercial uses
- Highly visible storefront with expansive display windows
- Updated exterior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,800
$508.8K
Cap Rate 7%
$363,429
$363.4K
Cap Rate 9%
$282,667
$282.7K
Market Conditions
NOI Build-Up for 1,968 SF
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.
Gross rent
$37.3K $18.96/SF
− Vacancy
−$970 −$0.49/SF
EGI
$36.3K $18.47/SF
− OpEx
−$10.9K −$5.54/SF
NOI
$25.4K $12.93/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$508,800
Cap Rate 7%
$363,429
Cap Rate 9%
$282,667
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.29M – $1.73M
NOI $103,563 @ 7.0% cap · market cap 27.62%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,359 @ 7.0% cap · market cap 25.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 48060, MI
39,775
Population
18,066
Households
2.2
Avg Household Size
39
Median Age
17%
College-Educated
89%
High-School Grad
20.7 sq mi
ZIP Area
1,921
Density / Sq Mi
$51,342
Median Household Income
$32,017
Median Earnings
$1,005
Median Rent
$152,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Highly visible storefront building with flexible interior space, plus an adjacent fully leased duplex generating rental income.
Where is this duplex located?
The property is located at 2110 Stone St Port Huron, MI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Commercial building offers approximately 1,968 SF of flexible interior space for a variety of commercial uses; Highly visible storefront with expansive display windows; Updated exterior finishes
