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    3550-3552 Griswold Prt Port Huron, MI 48060
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    3550-3552 Griswold Prt, Port Huron, MI 48060

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    • Warehouses
    • 17,600 SF
    • 4.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 3550-3552 Griswold Prt

    Year built
    1991
    Lot size
    4.13 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities

    Description

    This exceptional investment opportunity encompasses a three-building industrial complex ideally situated in Port Huron, Michigan, at 3550-3552 Griswold, zip code 48060. The property, totaling 17,600 square feet of net rentable space, sits on a generous 4.132-acre lot and is zoned for industrial use. Built in 1991, the buildings offer a versatile space suitable for various industrial applications, including distribution, manufacturing, and warehousing. The high ceilings, measuring 16 feet, provide ample vertical space for storage or equipment. The property's strategic location offers easy access to major freeways, enhancing logistical efficiency. Significant outdoor storage space complements the substantial indoor area. The property is available for occupancy beginning September 5th, 2024. This well-maintained industrial portfolio presents a compelling investment opportunity with strong potential for future growth and returns. The asking price for this entire complex is $688,400. This is a rare chance to acquire a substantial industrial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4716
    Latitude
    42.9663

    Comparable in this City

    • Value Estimation by Request
      11,200 SF

      3550 Griswold Rd

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      3550 Griswold Rd, Port Huron, MI 48060
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    • Value Estimation by Request
      45,000 SF

      2380 Military St

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      2380 Military St, Port Huron, MI 48060
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    • Value Estimation by Request

      2500 Moak St

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      2500 Moak St, Port Huron, MI 48060
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    • Value Estimation
      $1,280,000
      31,194 SF

      1915 Dove St

      DISTRIBUTION WAREHOUSE
      1915 Dove St, Port Huron, MI 48060-6767
      View Details
    • Value Estimation by Request
      8,820 SF

      2538 Bch Rd

      MINI-WAREHOUSE, STORAGE
      2538 Bch Rd, Port Huron, MI 48060-2408
      View Details
    • Value Estimation by Request
      6,312 SF

      3390 Griswold Rd

      MINI-WAREHOUSE, STORAGE
      3390 Griswold Rd, Port Huron, MI 48060-4742
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing

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    • $750 /Mo

      Port Huron Industrial Space For Lease

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      Flex Retail and Service Building

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      Multi-Building Flex Service Property

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      Live-Work Flex Building

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    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.

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