Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2013 Water St Port Huron, MI 48060-2540

    • Grocery and convenience stores
    • 4,400 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4585256
    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.

    Current Use by Public Records

    • Tom And Jerry's Party Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • CoinFlip Bitcoin ATM / Bank / Business Banking Service
    • Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 2013 Water St

    Year built
    2007
    Lot size
    0.98 lot acres
    Property size
    4,400 SF
    Zone code
    B-3
    Property type
    Grocery and convenience stores
    APN
    74-28-178-0001-001
    APU
    74281780001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4476
    Latitude
    42.9895
    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
    $9,432
    $0.00
    $0.00
    $315,300
    -
    $0.00
    $0.00
    $630,600

    Comparable in this City

    • Value Estimation by Request
      4,306 SF

      2740 Gratiot Ave

      GROCERY, SUPERMARKET • 4,306 SF
      2740 Gratiot Ave, Port Huron, MI 48060-2945
      View Details
    • Value Estimation
      $780,000
      7,772 SF

      509 10th St

      GROCERY, SUPERMARKET • 7,772 SF
      509 10th St, Port Huron, MI 48060-4404
      View Details
    • Value Estimation by Request
      1,440 SF

      1921 Griswold St

      GROCERY, SUPERMARKET • 1,440 SF
      1921 Griswold St, Port Huron, MI 48060-5547
      View Details
    • Value Estimation by Request
      1,904 SF

      2621 Pne Grv Ave

      CONVENIENCE STORE • 1,904 SF
      2621 Pne Grv Ave, Port Huron, MI 48060-2870
      View Details
    • Value Estimation by Request
      2,184 SF

      1837 Pne Grv Ave

      GROCERY, SUPERMARKET • 2,184 SF
      1837 Pne Grv Ave, Port Huron, MI 48060-3120
      View Details
    • Value Estimation by Request
      3,094 SF

      1035 Lapeer Ave

      CONVENIENCE STORE • 3,094 SF
      1035 Lapeer Ave, Port Huron, MI 48060-4450
      View Details

    Similar Nearby for Sale

    • $269,000
      900 SF

      Prime Port Huron Convenience Store

      Profitable Drive-Thru Party Store, 900 SF
      1635 Pine Grove Ave, Port Huron, MI 48060
      View Details
    • $219,000
      900 SF

      Port Huron Drive-Thru Store

      Established drive-thru party store in a prime Port Huron location.
      1635 Pine Grove Ave, Port Huron, MI 48060
      View Details
    • $799,900
      2,184 SF

      Established Business with Development Potential

      Party store, rental property, and approved gas station development plans.
      937 Oak St, Port Huron, MI 48060
      View Details
    • $595,000
      4,202 SF

      Freestanding Former Bank Branch Available

      Remodeled bank branch with drive-up lanes in Port Huron.
      1527 Hancock St, Port Huron, MI 48060
      View Details
    • New
      $80,000
      2,032 SF

      Port Huron Mixed-Use Opportunity

      Commercial space with residential area in excellent corner location.
      1203 Varney St, Port Huron, MI 48060
      View Details
    • $299,997

      Commercial Building with Prime Visibility

      Versatile building with parking, signage, and high-exposure location.
      3103 Lapeer Rd, Port Huron, MI 48060
      View Details

    Similar Nearby for Lease

    • $2,348 /Mo
      2,168 SF

      Downtown Port Huron Office Space

      Former bank branch in downtown Port Huron with ample parking.
      503 Andrew Murphy Dr, Port Huron, MI 48060
      View Details
    • $3,400 /Mo
      4,800 SF

      Prime Corner Commercial Building in Michigan

      4,800 sq ft commercial building suitable for diverse businesses.
      250 Huron Ave, Port Huron, MI 48060
      View Details
    • Contact for pricing
      35,190 SF

      Port Huron Retail Space Available

      Retail space for lease near I-94, I-69, and Canada.
      649-659 24Th St, Port Huron, MI 48060
      View Details
    • Contact for pricing

      Prime Retail Space in Port Huron

      High-visibility retail space near Birchwood Mall and Blue Water Bridge.
      655 24Th St, Port Huron, MI 48060
      View Details
    • $1,500 /Mo
      3,400 SF

      Updated Commercial Units in Port Huron

      Updated commercial units for lease in prime Port Huron location.
      230 Huron Ave, Port Huron, MI 48060
      View Details
    • $12 SF/Yr
      11,060 SF

      Port Huron Retail Building For Sale

      11,060 SF Free-Standing Building, High Visibility
      1607 24Th St, Port Huron, MI 48060
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2013 Water St
    Port Huron, MI 48060-2540
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.