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

    2920 Pne Grv Ave, Unit 41 Port Huron, MI 48060-1976

    • Office buildings
    • 936 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Jun 24, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4533924
    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

    • David B. Forster, CPA, LLC / Accounting Firm / Tax Preparation
    • Law Office of Randy Martinek PLLC / Law Firm / Child Welfare Organization
    • Carolan Law & Mediation / Mediation Service

    Property Details for 2920 Pne Grv Ave

    Lot size
    0.08 lot acres
    Property size
    936 SF
    Zone code
    C1
    Property type
    Office buildings
    APN
    74-06-510-0027-000
    APU
    74065100027000

    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
    -82.4422
    Latitude
    43.0065
    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
    $2,575
    $0.00
    $0.00
    $42,500
    -
    $0.00
    $0.00
    $85,000

    Comparable in this City

    • Value Estimation by Request
      3,744 SF

      803 Superior St

      OFFICE BUILDING • 3,744 SF
      803 Superior St, Port Huron, MI 48060-3764
      View Details
    • Value Estimation
      $4,460,000
      40,690 SF

      1338 Military St

      OFFICE BUILDING • 40,690 SF
      1338 Military St, Port Huron, MI 48060-5423
      View Details
    • Value Estimation by Request
      2,034 SF

      409 Andrew Murphy Dr

      OFFICE BUILDING • 2,034 SF
      409 Andrew Murphy Dr, Port Huron, MI 48060-3801
      View Details
    • Value Estimation
      $665,000
      6,052 SF

      2780 Bch Rd

      OFFICE BUILDING • 6,052 SF
      2780 Bch Rd, Port Huron, MI 48060-7710
      View Details
    • Value Estimation
      $695,000
      8,568 SF

      330 Ct St

      OFFICE BUILDING • 8,568 SF
      330 Ct St, Port Huron, MI 48060-5488
      View Details
    • Value Estimation
      $1,040,000
      17,200 SF

      4132 Dove Rd

      OFFICE BUILDING • 17,200 SF
      4132 Dove Rd, Port Huron, MI 48060-4702
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,541 SF

      Class A Office in Port Huron

      33,541 SF Class A office building, fully leased.
      600 Fort St, Port Huron, MI 48060
      View Details
    • $1,399,000
      70,968 SF

      Downtown Port Huron Office Building

      Six-story, 70,968 SF office building with restaurant and river views.
      511 Fort St, Port Huron, MI 48060
      View Details
    • $829,000
      13,565 SF

      Port Huron Industrial Property - 1.25 Acres

      Spacious warehouse, office space, prime location.
      835 24th St, Port Huron, MI 48060
      View Details
    • $279,900
      2,320 SF

      Versatile Mixed-Use Property, Port Huron

      B1-zoned commercial property with office, shop, and renovated apartment.
      1026 State 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
      $295,000
      3,088 SF

      Port Huron Commercial Building For Sale

      Move-in ready commercial building with office spaces, cranes, and ample storage.
      425 32Nd St, Port Huron, MI 48060
      View Details

    Similar Nearby for Lease

    • $3,900 /Mo
      3,750 SF

      Fort Gratiot Commercial Building

      Highly visible commercial building with flexible layout and ample parking.
      2015-1 Holland Ave, 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
    • $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
    • $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
    • $7,000 /Mo
      5,400 SF

      Medical Office Near Lake Huron

      Well-maintained medical office space adjacent to Lake Huron Hospital.
      2609 Electric Ave, Port Huron, MI 48060
      View Details
    • $2,000 /Mo
      2,000 SF

      Downtown Port Huron Commercial Building

      Prime commercial space in a historic downtown location.
      235 Huron Ave, 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.
    2920 Pne Grv Ave, Unit 41
    Port Huron, MI 48060-1976
    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.