Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    503 Andrew Murphy Port Huron, MI 48060

    View on Map
    Claim this Listing
    For Lease
    $2,348/Mo $13 SF/Yr (calc)

    Office - Port Huron, MI

    Type:Office
    Property size:
    2,168 SF
    Lot size:
    0.53 Acres
    Added:
    Jun 17, 2024
    Days on Market:
    683
    Last Refresh:
    Apr 30 at 11:06 am

    Property Features for 503 Andrew Murphy

    General Information

    Property type
    Residential Lease
    Property subtype
    Office
    Zoning
    Commercial,Professional Office
    Parking features
    Parking Lot
    Interior features
    ADA Accessible, Bath, Roof Sign
    Exterior features
    Ada Accessible
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    06-298-0140-000
    Size
    2,168 SF
    Lot size
    0.53 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1969
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Anthony Rubino
    Anthony Rubino

    Listing agent Anthony Rubino License #6502425251

    Listing office Pilot Property Group - Residential LLC 38600 Van Dyke Ste 325, Shelby Twp, MI

    Listing date Jun 17, 2024

    MLS# 50145587 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Port Huron Office Space

    This 2,168 square foot office space is located in downtown Port Huron, Michigan. The property is a former bank branch and features ample parking. It is situated less than 0.5 miles from the courthouse and adjacent to McMorran Place. The location provides walking distance access to downtown Port Huron amenities. The property is zoned for commercial and professional office use and is situated on a 0.53-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -82.424828
    Latitude
    42.979316

    Nearby Similar for Lease

    • $2,000/Mo

      Port Huron Retail Corner Unit

      Turn-key 1200 SF corner unit in prime location.
      1524 10th Street, Port Huron, MI 48060
      View Details
    • $3,400/Mo

      Prime Corner Commercial Building in Michigan

      4,800 sq ft commercial building suitable for diverse businesses.
      250 Huron Avenue, Port Huron, MI 48060
      View Details
    • $750/Mo

      Industrial Space Near St. Clair River

      Industrial space for lease in Port Huron near St. Clair River.
      3565 24th Street, Port Huron, MI 48060
      View Details
    • $2,000/Mo

      Downtown Port Huron Commercial Building

      Prime commercial space in a historic downtown location.
      235 Huron Avenue, Port Huron, MI 48060
      View Details
    • $7,000/Mo

      Medical Office Near Lake Huron

      Well-maintained medical office space adjacent to Lake Huron Hospital.
      2609 Electric Avenue, Port Huron, MI 48060
      View Details
    • $750/Mo

      Port Huron Industrial Space For Lease

      1500 sq ft industrial space in Port Huron.
      3565 24th St 1, Port Huron, MI 48060
      View Details
    • $3,400/Mo

      Prime Corner Commercial Building

      Highly visible 4,800 sq. ft. commercial space for rent.
      250 Huron Ave, Port Huron, MI 48060
      View Details
    • $1,500/Mo

      Professional Office Suite For Rent

      Professional office suite with street visibility, utilities and Wi-Fi included.
      2004 10th Ave, Port Huron, MI 48060
      View Details
    • $1,100/Mo

      Established Salon Space Available

      Well-established salon available for lease or rent-to-own.
      730 15TH St, Port Huron, MI 48060
      View Details
    • $2,000/Mo

      Turn Key Corner Retail Unit

      1200 SF corner unit in prime location for rent.
      1524 10th St, Port Huron, MI 48060
      View Details
    • $12 SF/Yr

      Grocery-Anchored Shopping Center Space

      Retail space available in a grocery-anchored shopping center.
      2905 Krafft Road, Port Huron, MI 48060
      View Details
    • Contact for pricing

      Pine Grove Avenue Commercial Space

      Newly renovated commercial space suitable for office or retail use.
      1834 Pine Grove Avenue, Port Huron, MI, 48060
      View Details

    FAQs

    What type of property is this?
    Office units - Former bank branch in a great downtown location.
    Where is this office units located?
    The property is located at 503 Andrew Murphy Port Huron, MI.
    What is the lease rate?
    The lease rate is $2,348 /Mo.
    What are key features of this property?
    This property features: Great downtown location, walking distance to amenities and McMorran Place.; Ample parking.; ADA Accessible (Interior and Exterior).
    (586) 873-5419
    We can help!
    Listing Contact
    Anthony Rubino
    Anthony Rubino
    Real Estate License ID: 6502425251
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!