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

    3550 Griswold Rd Port Huron, MI 48060

    • Manufacturing properties
    • 11,200 SF
    • 7.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4601151
    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

    • TJH Composites / Fiberglass Repair Service
    • Great Lakes Tape & Label Co / Custom Label Printer

    Property Details for 3550 Griswold Rd

    Lot size
    7.42 lot acres
    Property size
    11,200 SF
    Property type
    Manufacturing properties
    Property subtype
    Distribution centers

    Description

    This exceptional industrial property, located at 3550 Griswold Rd in Port Huron, Michigan, 48060, presents a significant opportunity. The property encompasses a total of 11,200 square feet of warehouse space, distributed across three single-story buildings. The main warehouse boasts a generous 15-foot ceiling height, ideal for various industrial uses, including manufacturing, distribution, and warehousing. The property features one drive-in door for convenient loading and unloading. The expansive 7.42-acre lot provides ample outdoor storage space, a significant advantage for businesses requiring substantial inventory management or equipment storage. The property is zoned for commercial use and benefits from abundant parking. Its strategic location offers easy access to major transportation arteries, including Interstates 94 and 69, ensuring efficient logistics and distribution capabilities. The single-tenant occupancy provides a streamlined operational environment. This property is well-suited for a variety of industrial businesses seeking a functional and strategically located facility in Port Huron, Michigan. The property's size, features, and location combine to create a compelling investment opportunity.

    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
    -82.471629377977
    Latitude
    42.966325196529

    Comparable in this City

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      502,540 SF

      South River Industrial Complex

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      2500 Moak St, Port Huron, MI 48060
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    • $6,000 /Mo

      Industrial Space with Truck Parking

      Industrial property for rent with truck parking and docks.
      3541 32Nd St, Port Huron, MI 48060
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    • $750 /Mo
      1,500 SF

      Industrial Space Near St. Clair River

      Industrial space for lease in Port Huron near St. Clair River.
      3565 24Th St, Port Huron, MI 48060
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      114,981 SF

      Port Huron Retail/Industrial Space

      Prime Port Huron location, 35,190 SF available.
      653 24Th St, Port Huron, MI 48060
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    • $7,000 /Mo
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      Medical Office Near Lake Huron

      Well-maintained medical office space adjacent to Lake Huron Hospital.
      2609 Electric Ave, Port Huron, MI 48060
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    • $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
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    Similar Nearby for Sale

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      Port Huron Industrial Warehouse

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      Port Huron Industrial Warehouse

      24,600 SF Warehouse, $1.6M
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    • $625,000
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      Versatile Industrial Property Near Freeway

      Multi-use property near I-94, suitable for retail and industrial businesses.
      3905 32Nd St, Port Huron, MI 48060
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      Versatile Industrial Property Near Freeway

      17,000 SF property with retail and industrial zoning.
      3905-3921 32Nd St, Port Huron, MI 48060
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    Similar Nearby for Lease

    • $3 SF/Yr
      502,540 SF

      South River Industrial Complex

      Four Warehouses, 10K-160K SF
      2500 Moak St, Port Huron, MI 48060
      View Details
    • $6,000 /Mo

      Industrial Space with Truck Parking

      Industrial property for rent with truck parking and docks.
      3541 32Nd St, Port Huron, MI 48060
      View Details
    • $750 /Mo
      1,500 SF

      Industrial Space Near St. Clair River

      Industrial space for lease in Port Huron near St. Clair River.
      3565 24Th St, Port Huron, MI 48060
      View Details
    • Contact for pricing
      114,981 SF

      Port Huron Retail/Industrial Space

      Prime Port Huron location, 35,190 SF available.
      653 24Th St, Port Huron, MI 48060
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    • $3,900 /Mo
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      Fort Gratiot Commercial Building

      Highly visible commercial building with flexible layout and ample parking.
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    • $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
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    3550 Griswold Rd
    Port Huron, MI 48060
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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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