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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
627 Ft St, Port Huron, MI 48060-3904
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-4567629
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1959
Total area
7,923 SF
Lot
0.29 ac (12,502 SF)
Zoning code
CBD
APN
74-06-298-0019-000
UPID
US43-4567629
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
-
Whipple David C Law Firm
-
Mossett Janal L Law Firm
-
Adair John D Law Firm
-
Kelly Law Firm Law Firm
-
Kelly Law Firm, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$670k
Owner & transaction history
Ronald Peterson · 2 yrs held
Ronald Peterson
since 2023
Last sale
$655,000
1 recorded transaction
Zoning & alternative use
CBD · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$970,000
+50.6%
Commercial (general)
$720,000
+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
$870,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$645,000
Current use
MEDICAL BUILDING
$970,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$720,000
Change: +12% · Conversion: Easy
RETAIL STORES
$540,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $655k (Oct 11 2023)
Last sale anchor
$655k
Oct 11 2023
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
$85 / 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
$10,727
Tax year 2023
Assessed value
$327,700
Assessed 2024
Previous assessed
$314,700
+4.1% YoY
Effective rate
3.27%
On assessed value
Total market value
$655,400
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
Off-Market
Year built
1959
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
7,923 SF
Lot
0.29 ac (12,502 SF)
Zoning code
CBD
APN
74-06-298-0019-000
UPID
US43-4567629
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
$645,000
MEDICAL BUILDING
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$720,000
RETAIL STORES
Est. value
$540,000
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
1959
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Ronald Peterson
Individual
Free & Clear · 2 yrs held
Mailing address
5041 DIAMOND MINE RD, LAS CRUCES, NM 88011-8323
Ownership since
2023
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
Oct 11, 2023
$655,000
Ronald Peterson
Bluewater View LLC
Warranty 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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