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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2307 Lapeer Ave Port Huron, MI 48060-4159

    • Retail space
    • 31,135 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4533685
    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

    • Mortimer Lumber / Building Materials Supplier / Lumber Store

    Property Details for 2307 Lapeer Ave

    Year built
    1961
    Lot size
    0.92 lot acres
    Property size
    31,135 SF
    Zone code
    M1
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    74-06-173-0027-000
    APU
    74061730027000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,087,000
      Market price range: $1.09M - $3.35M
      AI Estimate
      $1,087,000
      Market price range: $1.09M - $3.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4524
    Latitude
    42.9781
    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
    $19,340
    $0.00
    $0.00
    $422,300
    -
    $0.00
    $0.00
    $844,600

    Comparable in this City

    • Value Estimation
      $1,235,000
      35,420 SF

      2915 Lapeer Rd Ste, Unit 200

      STORE, RETAIL OUTLET • 35,420 SF
      2915 Lapeer Rd Ste, Port Huron, MI 48060-7371
      View Details
    • Value Estimation
      $4,625,000
      73,882 SF

      1234 32nd St

      STORE, RETAIL OUTLET • 73,882 SF
      1234 32nd St, Port Huron, MI 48060-7321
      View Details
    • Value Estimation by Request
      8,160 SF

      1201 4th St

      STORE, RETAIL OUTLET • 8,160 SF
      1201 4th St, Port Huron, MI 48060-5438
      View Details
    • Value Estimation
      $5,075,000
      137,720 SF

      1237 32nd St

      STORE, RETAIL OUTLET • 137,720 SF
      1237 32nd St, Port Huron, MI 48060-7323
      View Details
    • Value Estimation
      $940,000
      18,888 SF

      1400 32nd St

      STORE, RETAIL OUTLET • 18,888 SF
      1400 32nd St, Port Huron, MI 48060-4704
      View Details
    • Value Estimation by Request
      1,418 SF

      1619 Pne Grv Ave

      STORE, RETAIL OUTLET • 1,418 SF
      1619 Pne Grv Ave, Port Huron, MI 48060-3325
      View Details

    Similar Nearby for Sale

    • 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
    • $150,000

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      Retail property with rental units in high-traffic location.
      2404 Minnie St, Port Huron, MI 48060
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    • $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
    • $100,000
      2,032 SF

      Mixed-Use Property in Port Huron

      Commercial and residential opportunity with recent updates and excellent location.
      1203 Varney St, Port Huron, MI 48060
      View Details
    • $550,000
      12,110 SF

      Versatile Commercial Property in Port Huron

      Retail, service, and storage spaces with income potential.
      3350-3356 Lapeer Ave, Port Huron, MI 48060
      View Details
    • New
      $299,994
      2,704 SF

      Versatile Commercial Building in Port Huron

      High-visibility commercial building with flexible space and parking.
      3103 Lapeer Ave, Port Huron, MI 48060
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $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
    • $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
      93,500 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in a grocery-anchored shopping center.
      2905 Krafft Rd, Port Huron, MI 48060
      View Details
    • $1,950 /Mo
      3,750 SF

      Commercial Units in High Traffic Area

      Highly visible commercial units with flexible layouts and ample parking.
      2015 Holland Ave, Port Huron, MI 48060
      View Details
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    2307 Lapeer Ave
    Port Huron, MI 48060-4159
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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.

    More about this property
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