Four-Building Industrial Warehouse
For Sale
$1,300,000
3319 Dove Street, Port Huron, MI 48060
Light industrial property with overhead doors, heated buildings, and on-site parking for contractor or industrial operations.
Property Size14,900 SF
Price / SF$87.25
Days on Market41
Property Features for 3319 Dove Street
General Information
Standard status
Active
Size
14,900 SF
Property subtype
Commercial
Zoning
Commercial
Occupancy
75%
Additional Details
Highway Access
Yes
Clear Height
16 ft
Amenities
16-foot ceiling heights
large overhead doors
heating
ample on-site parking
Building Details
Building Size
14,900 SF
Year Built
2004
Buildings
4
Tenancy
Multi
Listing Agency:
Pilot Property Group - Residential LLC
(586) 873-5419
Listed By:
Anthony U Rubino · License #6502425251
Source:
Erareardonrealty
Added: Jul 21
Changed: Aug 30
Last Checked: Aug 30 at 8:04AM
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 Pilot Property Group - Residential LLC
Investment Insights
Based on property information with market context.
This industrial property includes four buildings totaling approximately 14,900 square feet. Three structures measure approximately 3,600 SF each, while the fourth contains approximately 4,100 SF. Each building has 16-foot ceilings, large overhead doors, heating, and on-site parking. Constructed in 2004, the property is zoned I-L (Light Industrial) and is 75% occupied, with two tenants holding new three-year lease agreements.
Approximately 0.75 acres of undeveloped land is located behind the buildings. The site also offers access to the Blue Water Bridge international border crossing to Canada, I-94, and I-69, supporting connectivity for industrial and contractor-oriented operations.
Approximately 0.75 acres of undeveloped land is located behind the buildings. The site also offers access to the Blue Water Bridge international border crossing to Canada, I-94, and I-69, supporting connectivity for industrial and contractor-oriented operations.
Key Highlights
- Four industrial buildings totaling approximately 14,900 square feet
- Three buildings are approximately 3,600 SF; one building is approximately 4,100 SF
- 16‑foot ceilings, large overhead doors, heating, and on‑site parking in each building
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
$106,006
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
8.15%
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%
$2,120,120
$2.1M
Cap Rate 7%
$1,514,371
$1.5M
Cap Rate 9%
$1,177,844
$1.2M
Market Conditions
NOI Build-Up for 14,900 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
$134.1K $9.00/SF
− Vacancy
−$9.4K −$0.63/SF
EGI
$124.7K $8.37/SF
− OpEx
−$18.7K −$1.26/SF
NOI
$106.0K $7.11/SF
Area
St. Clair County, MI
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$2,120,120
Cap Rate 7%
$1,514,371
Cap Rate 9%
$1,177,844
Alternative Uses
Best Use
Retail
$2.75M
$2.41M – $3.21M
NOI $192,611 @ 7.0% cap · market cap 14.82%
Second Best
Warehouse
$1.51M
$1.33M – $1.77M
NOI $106,006 @ 7.0% cap · market cap 8.15%
Theoretical Best
Multifamily LT 5
$11.20M
$9.80M – $13.07M
NOI $784,092 @ 7.0% cap · market cap 60.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
75%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 32nd Street Storage — 3541 32nd St, Port Huron, MI 48060
- 1721 Indoor Storage — 1721 Dove St, Port Huron, MI 48060
- port huron boat storage — 1721 Dove St, Port Huron, MI 48060
Frequently Asked Questions
What type of property is this?
Warehouse - Light industrial property with overhead doors, heated buildings, and on-site parking for contractor or industrial operations.
Where is this warehouse located?
The property is located at 3319 Dove Street Port Huron, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four industrial buildings totaling approximately 14,900 square feet; Three buildings are approximately 3,600 SF; one building is approximately 4,100 SF; 16‑foot ceilings, large overhead doors, heating, and on‑site parking in each building
