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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
3990 24th Ave Port Huron, MI 48060-1527
Entity Owned
11-yr Hold
Free & Clear
Property ID
US43-4533568
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
14,440 SF
Lot
1.17 ac (51,009 SF)
Zoning code
C1
APN
74-06-027-3001-016
UPID
US43-4533568
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
Current use
Occupant on record · Public records
-
Walgreens Cosmetic Store
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$645k
Owner & transaction history
Realty Income Properties 31 Ll · 11 yrs held
Realty Income Properties 31 Ll
since 2015
1 recorded transaction
Zoning & alternative use
C1 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ted uses. § 52-348 Permitted uses after special approval. § 52-349 Required conditions. § 52-350 Site plan review. § 52-351 Area, height, bulk and placement requirements. § 52-352 through § 52-380. (Reserved) DIVISION 8 C-1 General Business District § 52-381 Statement of purpose. § 52-382 Principal permitted uses. § 52-383 Permitted uses after special approv…
Zone name
General Business
General category
COMMERCIAL
Zone area
459.98 ac
Top alternative use upside
Medical building
$1.8M
+80.1%
Commercial (general)
$1.3M
+33.6%
Office building
$1.2M
+19.5%
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
RETAIL STORES
$980,000
Current use
MEDICAL BUILDING
$1,765,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,310,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$1,170,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$935,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$45 / 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
$50,147
Tax year 2023
Assessed value
$862,300
Assessed 2024
Previous assessed
$1,005,000
-14.2% YoY
Effective rate
5.82%
On assessed value
Total market value
$1,724,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
14,440 SF
Lot
1.17 ac (51,009 SF)
Zoning code
C1
APN
74-06-027-3001-016
UPID
US43-4533568
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C1 · Port Huron, MIZoning C1 · permitted uses
C1 · Port Huron, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ted uses. § 52-348 Permitted uses after special approval. § 52-349 Required conditions. § 52-350 Site plan review. § 52-351 Area, height, bulk and placement requirements. § 52-352 through § 52-380. (Reserved) DIVISION 8 C-1 General Business District § 52-381 Statement of purpose. § 52-382 Principal permitted uses. § 52-383 Permitted uses after special approval. § 52-384 Site plan review. § 52-385 Area, height, bulk and placement requiremen
Zone name
General Business
General category
COMMERCIAL
Zone area
459.98 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$980,000
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$935,000
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2000
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Realty Income Properties 31 Ll
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2015
—
Realty Income Properties 31 Ll
Walgreen Co
Grant Deed
—
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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