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Property profile & analytics
FOR LEASE
Office buildings
503 Andrew Murphy Ave, Port Huron, MI 48060
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-4568989
For Lease
1 / 5
$2,348/Mo
503 Andrew Murphy Ave, Port Huron, MI 48060
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
7,293 SF
Lot
0.53 ac (23,087 SF)
Zoning code
CBD
APN
74-06-298-0140-000
UPID
US43-4568989
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
$799k
Blend (final)
Blend
$800k
Owner & transaction history
505 Huron Avenue LLC · 7 yrs held
505 Huron Avenue LLC
since 2019
5 recorded transactions
Zoning & alternative use
CBD · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$890,000
+50.6%
Commercial (general)
$660,000
+11.7%
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
OFFICE BUILDING
$590,000
Current use
MEDICAL BUILDING
$890,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$660,000
Change: +12% · Conversion: Easy
RETAIL STORES
$495,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$800k
Range $720k – $880k · ±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
$110 / 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
$20,591
Tax year 2023
Assessed value
$441,400
Assessed 2024
Previous assessed
$423,600
+4.2% YoY
Effective rate
4.66%
On assessed value
Total market value
$882,800
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1968
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
7,293 SF
Lot
0.53 ac (23,087 SF)
Zoning code
CBD
APN
74-06-298-0140-000
UPID
US43-4568989
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Port Huron, MI
Zoning CBD · permitted uses
CBD · 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
OFFICE BUILDING Current
Est. value
$590,000
MEDICAL BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$660,000
RETAIL STORES
Est. value
$495,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
505 Huron Avenue LLC
Entity
Mailing address
505 HURON AVE, PORT HURON, MI 48060-3805
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2019
$640,000
505 Huron Avenue LLC
F A B No 1 LLC
Warranty Deed
$517,377 · Lakestone Bk&tr
Jul 16, 2008
—
Fab 1 LLC
Maida,adam J
Warranty Deed
$295,000 · Citizens First Savings Bank
—
—
Fab 01 LLC
—
Deed Of Trust
related
$452,793 · Seaway Community Bank
—
—
Fab No 1 LLC
—
Deed Of Trust
related
$517,500 · Talmer Bank & Trust
—
—
F A B 1 LLC
—
Deed Of Trust
related
$440,000 · First Michigan Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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