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    Property profile & analytics

    509 10th St Port Huron, MI 48060-4404

    • Grocery and convenience stores
    • 7,772 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4509092
    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

    • Liquor Palace / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Western Union / Bank / Credit Union
    • Cash2Bitcoin Bitcoin ATM / Atm

    Property Details for 509 10th St

    Year built
    2006
    Lot size
    0.53 lot acres
    Property size
    7,772 SF
    Zone code
    C1
    Property type
    Grocery and convenience stores
    APN
    74-06-348-0011-100
    APU
    74063480011100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $780,000
      Market price range: $271k - $836k
      AI Estimate
      $780,000
      Market price range: $271k - $836k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $530,000
      Current use
      MEDICAL BUILDING
      $950,000
      Change: +80% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $705,000
      Change: +34% Conversion: Easy
      OFFICE BUILDING
      $630,000
      Change: +20% Conversion: Easy
      AUTO REPAIR, GARAGE
      $505,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4337
    Latitude
    42.9785
    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
    $18,159
    $0.00
    $0.00
    $378,700
    -
    $0.00
    $0.00
    $757,400

    Comparable in this City

    • Value Estimation by Request
      1,454 SF

      2856 Pne Grv Ave

      CONVENIENCE STORE • 1,454 SF
      2856 Pne Grv Ave, Port Huron, MI 48060-1971
      View Details
    • Value Estimation by Request
      1,260 SF

      1635 Pne Grv Ave

      GROCERY, SUPERMARKET • 1,260 SF
      1635 Pne Grv Ave, Port Huron, MI 48060-3325
      View Details
    • Value Estimation by Request
      3,774 SF

      1311 10th Ave

      GROCERY, SUPERMARKET • 3,774 SF
      1311 10th Ave, Port Huron, MI 48060-3407
      View Details
    • Value Estimation by Request
      1,950 SF

      1301 Military St

      CONVENIENCE STORE • 1,950 SF
      1301 Military St, Port Huron, MI 48060-5422
      View Details
    • Value Estimation by Request
      1,656 SF

      1236 Water St

      GROCERY, SUPERMARKET • 1,656 SF
      1236 Water St, Port Huron, MI 48060-4305
      View Details
    • Value Estimation by Request
      1,196 SF

      2319 24th St

      CONVENIENCE STORE • 1,196 SF
      2319 24th St, Port Huron, MI 48060-6412
      View Details

    Similar Nearby for Sale

    • $799,900
      2,184 SF

      Established Business with Development Potential

      Party store, rental property, and approved gas station development plans.
      937 Oak St, Port Huron, MI 48060
      View Details
    • $219,000
      900 SF

      Port Huron Drive-Thru Store

      Established drive-thru party store in a prime Port Huron location.
      1635 Pine Grove Ave, Port Huron, MI 48060
      View Details
    • $269,000
      900 SF

      Prime Port Huron Convenience Store

      Profitable Drive-Thru Party Store, 900 SF
      1635 Pine Grove Ave, Port Huron, MI 48060
      View Details
    • $389,900
      1,900 SF

      Turn-Key Liquor Store Opportunity

      Remodeled liquor store in a high-traffic location.
      3407 Electric Ave, Port Huron, MI 48060
      View Details
    • $80,000
      2,032 SF

      Port Huron Mixed-Use Opportunity

      Commercial space with residential area in excellent corner location.
      1203 Varney St, Port Huron, MI 48060
      View Details

    Similar Nearby for Lease

    • $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
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    • $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
    • Contact for pricing

      Prime Retail Space in Port Huron

      High-visibility retail space near Birchwood Mall and Blue Water Bridge.
      655 24Th St, Port Huron, MI 48060
      View Details
    • Contact for pricing
      35,190 SF

      Port Huron Retail Space Available

      Retail space for lease near I-94, I-69, and Canada.
      649-659 24Th St, Port Huron, MI 48060
      View Details
    • $2,000 /Mo
      1,200 SF

      Port Huron Retail Corner Unit

      Turn-key 1200 SF corner unit in prime location.
      1524 10Th St, Port Huron, MI 48060
      View Details
    • $1,950 /Mo
      3,750 SF

      Commercial Units in High Traffic Area

      Highly visible commercial units with flexible layouts and ample parking.
      2015 Holland Ave, Port Huron, MI 48060
      View Details
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    509 10th St
    Port Huron, MI 48060-4404
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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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