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Property profile & analytics
FOR SALE
Office buildings
1026 State St Port Huron, MI 48060
Individually Owned
4-yr Hold
Free & Clear
Property ID
US43-4569667
For Sale
1 / 10
$229,900
1026 State St, Port Huron, MI 48060
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1937
Total area
2,320 SF
Lot
0.07 ac (3,223 SF)
Zoning code
B
APN
74-06-571-0001-000
UPID
US43-4569667
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Black Law PLLC Law Firm
-
Oak Desk Planning Media Consultant Non-Profit Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eugene David Black · 4 yrs held
Eugene David Black
since 2021
Last sale
$130,000
3 recorded transactions
Zoning & alternative use
B · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ements. § 52-287 through § 52-315. (Reserved) DIVISION 6 CCD Community College District § 52-316 Statement of purpose. § 52-317 Permitted uses. § 52-318 Site plan review. § 52-319 through § 52-345. (Reserved) DIVISION 7 B Neighborhood Business District § 52-346 Statement of purpose. § 52-347 Principal permitted uses. § 52-348 Permitted uses after special app…
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
8.63 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Huron submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Huron submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,945
Tax year 2023
Assessed value
$72,000
Assessed 2024
Previous assessed
$70,300
+2.4% YoY
Effective rate
5.48%
On assessed value
Total market value
$144,000
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1937
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,320 SF
Lot
0.07 ac (3,223 SF)
Zoning code
B
APN
74-06-571-0001-000
UPID
US43-4569667
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B · Port Huron, MIZoning B · permitted uses
B · Port Huron, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ements. § 52-287 through § 52-315. (Reserved) DIVISION 6 CCD Community College District § 52-316 Statement of purpose. § 52-317 Permitted uses. § 52-318 Site plan review. § 52-319 through § 52-345. (Reserved) DIVISION 7 B Neighborhood Business District § 52-346 Statement of purpose. § 52-347 Principal permitted uses. § 52-348 Permitted uses after special approval. § 52-349 Required conditions. § 52-350 Site plan review. § 52-351 Area, he
Zone name
Neighborhood Business
General category
COMMERCIAL
Zone area
8.63 ac
Building & site characteristics
From public records
Year built
1937
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Eugene David Black
Individual
Free & Clear · 4 yrs held
Mailing address
1026 STATE ST, PORT HURON, MI 48060-3063
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
$90,000
Eugene David Black
Joan Jobbitt
Warranty Deed
—
Sep 10, 2019
—
Eugene D Black
Jobbitt,joan
Quit Claim Deed
related
—
Nov 17, 2008
$125,000
Bruce Jobbitt
Kinnee,richard C
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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