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    1234 32Nd St Port Huron, MI 48060
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    Property profile & analytics

    1234 32Nd St, Port Huron, MI 48060

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    • Retail space
    • 73,882 SF
    • 6.50 lot acres
    For Sale
    $4,625,000
    View Listing →
    Retail Space on I-69 Business For Sale
    $4,625,000
    74,565 SF

    Retail Space on I-69 Business

    Located in Port Huron's southern retail area near I-69.

    1234 32nd St, Port Huron, MI 48060
    View Listing
    Property ID
    US43-4514918
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1234 32Nd St

    Year built
    2001
    Lot size
    6.50 lot acres
    Zone code
    B-3
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    74-28-008-3001-000
    APU
    74280083001000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 28, 2017 — Store Spe Avf I 2017-1 LLC Archie A Vanelslander Deed $9.9M · Citibank

    Description

    This exceptional 74,565-square-foot freestanding retail building presents a significant opportunity in Port Huron, Michigan. Located on a substantial 6.59-acre lot at 1234 32nd Street, this single-tenant property boasts high visibility and accessibility along the I-69 Business Route, at the corner of 32nd Street. Currently vacant, the building offers immense potential for a variety of uses, including retail, storage, or other commercial ventures. Its strategic location within the southern retail area of Port Huron places it in close proximity to established national retailers such as Sam's Club, Kroger, and Ollie's Bargain Outlet, ensuring high traffic and brand recognition. The property is zoned Commercial and situated in St. Clair County, Michigan, with a zip code of 48060. The building's substantial size and prime location make it an ideal investment for businesses seeking a prominent presence in a thriving market. This is a rare opportunity to acquire a large, well-located, and versatile commercial property in a desirable area. The property's size and location offer significant potential for future growth and development. The ample lot size also allows for potential expansion or additional development. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,625,000
      Market price range: $2.58M - $7.95M
      AI Estimate
      $4,625,000
      Market price range: $2.58M - $7.95M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,015,000
      Current use
      COMMERCIAL (GENERAL)
      $6,700,000
      Change: +34% Conversion: Easy
      OFFICE BUILDING
      $6,000,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,790,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4636
    Latitude
    42.97
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $81,115
    $0.00
    $0.00
    $2,245,000
    -
    $0.00
    $0.00
    $4,490,000

    Comparable in this City

    • Value Estimation
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      35,420 SF

      2915 Lapeer Rd Ste, Unit 200

      STORE, RETAIL OUTLET
      2915 Lapeer Rd Ste, Port Huron, MI 48060-7371
      View Details
    • Value Estimation
      $940,000
      18,888 SF

      1400 32nd St

      STORE, RETAIL OUTLET
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    • Value Estimation by Request
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      1619 Pne Grv Ave

      STORE, RETAIL OUTLET
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    • Value Estimation by Request
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      1201 4th St

      STORE, RETAIL OUTLET
      1201 4th St, Port Huron, MI 48060-5438
      View Details
    • Value Estimation
      $915,000
      31,135 SF

      2307 Lapeer Ave

      STORE, RETAIL OUTLET
      2307 Lapeer Ave, Port Huron, MI 48060-4159
      View Details
    • Value Estimation
      $5,075,000
      137,720 SF

      1237 32nd St

      STORE, RETAIL OUTLET
      1237 32nd St, Port Huron, MI 48060-7323
      View Details

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    Port Huron, MI 48060
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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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