Light Industrial Warehouse
3319 Dove Street Unit SourceFi Port Huron, MI 48060
3319 Dove Street Unit SourceFi, Port Huron, MI, 48060
$1,300,000
For Sale
$1,300,000
Four industrial buildings totaling about 14,900 SF offer 16-foot ceilings, large overhead doors, and on-site parking.
Property Size14,900 SF
Price / SF$87.25
Days on Market88
Property Features for 3319 Dove Street Unit SourceFi
General Information
- Standard status
- Active
- Size
- 14,900 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2004
Listing Agency
Pilot Property Group - Residential LLC
(586) 873-5419
Listed by
Anthony Rubino · License #6502425251
(586) 873-5419
Source
Xome
Added: Apr 24 Updated: Jul 19 at 1:50 am Checked: Jul 20 at 1:41 am
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.
The property is a four-building industrial portfolio totaling approximately 14,900 square feet, including three buildings of approximately 3,600 square feet and one building of approximately 4,100 square feet. Each building features 16-foot ceiling heights, large overhead doors, heating, and ample on-site parking, supporting a range of industrial or contractor uses. The site is zoned I-L (Light Industrial) and includes approximately 0.75 acres of undeveloped land behind the buildings that may support future expansion or outdoor storage.
The property benefits from convenient access to the Blue Water Bridge international border crossing to Canada, as well as I-94 and I-69.
The property is reported as 75% occupied, with two tenants on new three-year lease agreements.
The property benefits from convenient access to the Blue Water Bridge international border crossing to Canada, as well as I-94 and I-69.
The property is reported as 75% occupied, with two tenants on new three-year lease agreements.
Key Highlights
- Four industrial buildings totaling about 14,900 SF: three buildings of ~3,600 SF and one building of ~4,100 SF
- 16‑foot ceiling heights and large overhead doors in each building, plus heating and ample on‑site parking
- Zoned I‑L (Light Industrial)
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 | $134.1k | $9.00 |
| − Vacancy | −$9.4k | −$0.63 |
| EGI | $124.7k | $8.37 |
| − OpEx | −$18.7k | −$1.26 |
| NOI | $106.0k | $7.11 |
14,900 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.33M – $1.77M
NOI $106,006 @ 7.0% cap · market cap 8.15%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - Four industrial buildings totaling about 14,900 SF offer 16-foot ceilings, large overhead doors, and on-site parking.
Where is this warehouse located?
The property is located at 3319 Dove Street Unit SourceFi 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 about 14,900 SF: three buildings of ~3,600 SF and one building of ~4,100 SF; 16‑foot ceiling heights and large overhead doors in each building, plus heating and ample on‑site parking; Zoned I‑L (Light Industrial)
