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Property profile & analytics
FOR SALE
Outlet malls
1179 32nd St, Port Huron, MI 48060-7363
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4516277
For Sale
1 / 5
$10,000,000
1179 32nd St, Port Huron, MI 48060-7363
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Property summary
AI-generated overview
This expansive 193,590-square-foot warehouse, situated on a 26.04-acre lot at 1179 32nd Street in Port Huron, Michigan (48060), presents a significant opportunity. Built in 1993 and renovated in 2005, this single-tenant property boasts a single-story design with a 20-foot ceiling height, ideal for various industrial uses. The building features six loading docks and six drive-in bays, ensuring efficient loading and unloading operations. The property is zoned COMMERCIAL IMPROVED - B-3, and its APN is 74-28-750-0088-000. Its prime location offers excellent access to the I-69/I-94 corridor and is adjacent to a Sam's Club, providing high visibility and convenient access for employees and customers. The entire 193,590 square feet is currently vacant and available. The property's versatility allows for a range of uses, including warehouse, distribution, R&D, and even potential for division. The Port Huron Township is known for its pro-business and pro-growth environment, welcoming new and relocating industries. This presents a unique chance to establish a significant presence in a thriving area.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1993
Total area
198,647 SF
Lot
26.04 ac (1,134,302 SF)
Zoning code
B-3
APN
74-28-750-0088-000
UPID
US43-4516277
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
-
Kmart Clothing Store Bedding Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.94M
Blend (final)
Blend
$6.94M
Owner & transaction history
Cd 2005 Cdi 32nd Street LLC · 6 yrs held
Cd 2005 Cdi 32nd Street LLC
since 2019
4 recorded transactions
Zoning & alternative use
B-3 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.94M
Range $6.25M – $7.63M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
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
$103,064
Tax year 2023
Assessed value
$2,012,300
Assessed 2024
Previous assessed
$1,953,500
+3.0% YoY
Effective rate
5.12%
On assessed value
Total market value
$4,024,600
Applied tax rate
28.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1993
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
198,647 SF
Lot
26.04 ac (1,134,302 SF)
Zoning code
B-3
APN
74-28-750-0088-000
UPID
US43-4516277
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Port Huron, MI
Zoning B-3 · permitted uses
B-3 · Port Huron, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Huron. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1993
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
26.04 ac
Current owner
From public records · entity-resolved
Cd 2005 Cdi 32nd Street LLC
Entity
Mailing address
53 MIRY BRK RD, DANBURY, CT 06810-7408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2021
—
Ph Box LLC
—
Deed
related
$1,244,813 · Ofec Investments LLC
Sep 13, 2019
$5,121,857
Cd 2005 Cdi 32nd Street LLC
Sheriff Of Saint Clair County|sofran Km LP
Trustees Deed
—
Mar 11, 2013
—
32nd St Port Huron LLC
Cc San Antonio 1998 Trust
Grant Deed
—
Aug 12, 2005
—
Cc San Antonio 1998 Trust
Sofran Km
Grant 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.
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