Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Waterfront Terminal Facility For Sale Title is generated by Realmo AI

    2380 Military St, Port Huron, MI 48060

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Waterfront terminal facility with docking for various vessels.

    Type:Industrial
    Property size:
    45,000 SF
    Price / SF:
    $88/SF
    Added:
    Aug 16, 2023
    Days on Market:
    1025
    Last Refresh:
    May 12 at 9:11 pm

    Property Features for 2380 Military St

    General Information

    Standard status
    Active
    Size
    45,000 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Korissa Kramer, CCIM
    Korissa Kramer, CCIM

    Listing agent Korissa Kramer, CCIM License #MI 6502386241

    Listing office Kramer Commercial Realty

    Listing date Aug 16, 2023

    Source Crexi

    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

    HighLights

    • Modern docking facility built in 2003.
    • Accommodates cruise boats, Great Lakes ships, and foreign freighters.
    • Power pedestals available: 110, 220, and 440 volts.
    • Designed to accommodate all types of watercraft.
    • Stainless steel railings along the entire pier.
    • Removable railing sections for ship access anywhere along the dock.

    Overview

    The terminal company underwent renovations in 2003, resulting in a new docking facility designed for cruise boats, Great Lakes ships, and foreign freighters. The dock area is equipped to accommodate various types of watercraft, featuring power pedestals of 110, 220, and 440 volts to support large ships. Stainless steel railings are installed along the pier's length and can be removed in sections to facilitate ship access at any point along the dock. The property size is 45000 square feet.

    Local Financial Insights For Industrial

    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 $405.0k $9.00
    − Vacancy −$28.4k −$0.63
    EGI $376.7k $8.37
    − OpEx −$113.0k −$2.51
    NOI $263.7k $5.86
    45,000 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%

    Alternative Uses

    Best Use
    Industrial
    $3.77M
    $3.30M – $4.39M (±1% cap)
    NOI $263,655 @ 7.0% cap · market cap 6.59%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $33.83M
    $29.60M – $39.47M (±1% cap)
    NOI $2,368,064 @ 7.0% cap · market cap 59.20%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

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

    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
    -82.428825
    Latitude
    42.957142

    Nearby Similar for Sale

    • $900,000
      7,930 SF

      Zoned C-1 Multi-Tenant Strip Center

      Fully leased strip center with separate utilities and 30+ parking spaces along a busy Port Huron corridor.
      3944-3945 24TH Avenue, Port Huron, MI 48060
      View Details
    • $1,300,000
      14,900 SF

      Four-Building Light Industrial Portfolio

      Four industrial buildings with 16' ceilings and large overhead doors, zoned light industrial, with on-site parking.
      3319 Dove Street, Port Huron, MI 48060
      View Details
    • $550,000
      12,110 SF

      Multi-Building Flex and Retail Property

      Four-building commercial site with retail, office/flex, and heated utility space along Lapeer Road in Port Huron Township.
      3350-3356 Lapeer Road, Port Huron, MI 48060
      View Details
    • $599,900
      5,400 SF

      Turn Key Bar & Grill

      Established bar and grill with entertainment space on 1.5 acres.
      521 24th Street, Port Huron, MI 48060
      View Details
    • $389,900
      1,900 SF

      Turn-Key Liquor Store Opportunity

      Remodeled liquor store in a high-traffic location.
      3407 ELECTRIC Avenue, Port Huron, MI 48060
      View Details
    • $295,000
      3,088 SF

      Port Huron Commercial Building For Sale

      Move-in ready commercial building with office spaces, cranes, and ample storage.
      425 32nd Street, Port Huron, MI 48060
      View Details
    • $625,000
      6,750 SF

      Versatile Industrial Property Near Freeway

      Multi-use property near I-94, suitable for retail and industrial businesses.
      3905 32ND Street, Port Huron, MI 48060
      View Details
    • $825,000
      7,600 SF

      Neighborhood Shopping Center with Retail Space

      Mixed-use shopping center offering retail, restaurant, and office space, with additional land behind the center.
      210 Huron Ave., Port Huron, MI 48060
      View Details
    • $249,999
      2,704 SF

      Flexible Zoned Retail/Office Building

      Retail-office building with a large marquee sign, 14 parking spaces, and B3 zoning next to O’Reilly Auto Parts.
      3103 Lapeer Road, Port Huron, MI 48060
      View Details
    • $529,900

      Port Huron Commercial Land Opportunity

      1.5-acre commercial land with high traffic and highway access.
      521 24th Street, Port Huron, MI 48060
      View Details
    • $375,000
      5,400 SF

      Medical Office Near Lake Huron

      Well-maintained medical office in prime location next to Lake Huron.
      2609 Electric Avenue, Port Huron, MI 48060
      View Details
    • $1,220,000
      17,000 SF

      Versatile Industrial Property Near Freeway

      17,000 SF property with retail and industrial zoning.
      3905-3921 32nd Street, Port Huron, MI 48060
      View Details

    FAQs

    What type of property is this?
    Industrial property - Waterfront terminal facility with docking for various vessels.
    Where is this industrial property located?
    The property is located at 2380 Military St Port Huron, MI.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: Modern docking facility built in 2003.; Accommodates cruise boats, Great Lakes ships, and foreign freighters.; Power pedestals available: 110, 220, and 440 volts.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Korissa Kramer, CCIM
    Korissa Kramer, CCIM
    Real Estate License ID: MI 6502386241
    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

    Thank You for Inquiry
    2380 Military St, Port Huron, MI 48060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!