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Property profile & analytics
OFF-MARKET
Estimated value
$325,000
Drive through restaurants
3425 Electric Ave Port Huron, MI 48060-6619
Entity Owned
8-yr Hold
Free & Clear
Property ID
US43-4512489
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Total area
2,566 SF
Lot
0.35 ac (15,333 SF)
Zoning code
M1
APN
74-06-106-0011-000
UPID
US43-4512489
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
by Request
Blend (final)
Blend
$325k
Owner & transaction history
Electric Kjk LLC · 8 yrs held
Electric Kjk LLC
since 2018
6 recorded transactions
Zoning & alternative use
M1 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
0 MD Marina District § 52-446 Statement of purpose. § 52-447 Principal permitted uses. § 52-448 Site plan review. § 52-449 Area, height, bulk and placement requirements. § 52-450 through § 52-475. (Reserved) DIVISION 11 M-1 Light Industrial District § 52-476 Statement of purpose. § 52-477 Principal permitted uses. § 52-478 Permitted uses after special approv…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
496.40 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
$325k
Range $293k – $358k · ±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
$127 / 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
$3,362
Tax year 2023
Assessed value
$64,400
Assessed 2024
Previous assessed
$61,300
+5.1% YoY
Effective rate
5.22%
On assessed value
Total market value
$128,800
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
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
2,566 SF
Lot
0.35 ac (15,333 SF)
Zoning code
M1
APN
74-06-106-0011-000
UPID
US43-4512489
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 · Port Huron, MIZoning 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
Zoning description
0 MD Marina District § 52-446 Statement of purpose. § 52-447 Principal permitted uses. § 52-448 Site plan review. § 52-449 Area, height, bulk and placement requirements. § 52-450 through § 52-475. (Reserved) DIVISION 11 M-1 Light Industrial District § 52-476 Statement of purpose. § 52-477 Principal permitted uses. § 52-478 Permitted uses after special approval. § 52-479 Compliance with other governmental regulations. § 52-480 Site plan rev
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
496.40 ac
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Electric Kjk LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3407 ELECTRIC AVE, PORT HURON, MI 48060-6619
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Electric Kjk LLC
—
Deed
related
$297,000 · Choiceone Bank
Aug 28, 2018
—
Electric Kjk LLC
—
Deed
related
$150,000 · Lakestone Bk&tr
Mar 16, 2018
—
Electric Kjk LLC
Webster,mary L
Warranty Deed
—
Jun 9, 2006
$125,000
Mary L Webster
Bhatt,kamalnayan S & Shirley A
Warranty Deed
$68,000 · Citizens First Savings Bank
Jun 9, 2006
—
Kamalnayan S Bhatt
Ps Food INC
Quit Claim Deed
related
—
—
—
Electric Kjk LLC
—
Deed Of Trust
related
$150,000 · Lakestone Bk&tr
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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