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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Drive through restaurants
1700 Hancock St Port Huron, MI 48060-2865
Entity Owned
12-yr Hold
Free & Clear
Property ID
US43-4574657
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1996
Total area
2,712 SF
Lot
0.89 ac (38,681 SF)
Zoning code
C1
APN
74-06-514-0127-100
UPID
US43-4574657
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
-
Wendy's Restaurant Take-out & Catering
-
BVGA Chimney Fix & Cleaning Services Inc. General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Crosby Street Ventures LLC · 12 yrs held
Crosby Street Ventures LLC
since 2013
2 recorded transactions
Zoning & alternative use
C1 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ted uses. § 52-348 Permitted uses after special approval. § 52-349 Required conditions. § 52-350 Site plan review. § 52-351 Area, height, bulk and placement requirements. § 52-352 through § 52-380. (Reserved) DIVISION 8 C-1 General Business District § 52-381 Statement of purpose. § 52-382 Principal permitted uses. § 52-383 Permitted uses after special approv…
Zone name
General Business
General category
COMMERCIAL
Zone area
459.98 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
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
$1.65M
Range $1.48M – $1.81M · ±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
$607 / 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
$20,657
Tax year 2023
Assessed value
$411,500
Assessed 2024
Previous assessed
$406,800
+1.2% YoY
Effective rate
5.02%
On assessed value
Total market value
$823,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,712 SF
Lot
0.89 ac (38,681 SF)
Zoning code
C1
APN
74-06-514-0127-100
UPID
US43-4574657
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C1 · Port Huron, MIZoning C1 · permitted uses
C1 · Port Huron, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ted uses. § 52-348 Permitted uses after special approval. § 52-349 Required conditions. § 52-350 Site plan review. § 52-351 Area, height, bulk and placement requirements. § 52-352 through § 52-380. (Reserved) DIVISION 8 C-1 General Business District § 52-381 Statement of purpose. § 52-382 Principal permitted uses. § 52-383 Permitted uses after special approval. § 52-384 Site plan review. § 52-385 Area, height, bulk and placement requiremen
Zone name
General Business
General category
COMMERCIAL
Zone area
459.98 ac
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Crosby Street Ventures LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1 DAVE THOMAS BLVD STE #103, DUBLIN, OH 43017-5452
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2013
$1,597,000
Crosby Street Ventures LLC
Nimrod Corp
Warranty Deed
—
Sep 16, 2013
—
Nimrod Corp
Cherry Creek Corp
Quit Claim Deed
related
—
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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