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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Manufacturing properties
2626 24th St, Port Huron, MI 48060-6419
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-4595237
Property summary
AI-generated overview
This exceptional Port Huron, MI industrial property, located at 2626 24th Street, offers 18,528 square feet of versatile space ideal for distribution, warehousing, or research and development. The property boasts two buildings: a main structure built in 1996 (18,120 sq ft) and a 408 sq ft addition constructed in 2016, featuring a fully ventilated, removable roof. The main building offers 24 ft and 20 ft ceiling heights, two loading docks, and two dock-high doors. Situated on a substantial 6.83-acre lot zoned M-1, this single-tenant property presents significant expansion potential. The asking price is $950,000, translating to $62.61 per square foot. The property's APN is 74-06-182-0014-000. This owner-user opportunity is located in St. Clair County, MI, zip code 48060. The property is a single-story building. This is a prime opportunity for businesses seeking a well-maintained, spacious industrial facility with room for growth.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1996
Total area
18,528 SF
Lot
6.83 ac (297,515 SF)
Zoning code
M1
APN
74-06-182-0014-000
UPID
US43-4595237
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.26M
Owner & transaction history
NICKELMAN PROPERTIES PH1 LLC
NICKELMAN PROPERTIES PH1 LLC
Zoning & alternative use
M1 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+85.0%
Office building
$1.5M
+65.6%
Retail stores
$1.3M
+38.5%
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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$910,000
Current use
COMMERCIAL (GENERAL)
$1,680,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$1,505,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,260,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,200,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$68 / 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
$33,178
Tax year 2023
Assessed value
$713,300
Assessed 2024
Previous assessed
$660,100
+8.1% YoY
Effective rate
4.65%
On assessed value
Total market value
$1,426,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
18,528 SF
Lot
6.83 ac (297,515 SF)
Zoning code
M1
APN
74-06-182-0014-000
UPID
US43-4595237
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 · Port Huron, MI
Zoning M1 · permitted uses
M1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
6.83 ac
Current owner
From public records · entity-resolved
NICKELMAN PROPERTIES PH1 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
105 BLUEGRASS CV, HENDERSONVILLE, TN 37075-4003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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