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

    627 Ft St Port Huron, MI 48060-3904

    • Office buildings
    • 7,923 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Oct 11, 2023
    $655,000
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    3.4%
    Office buildings
    Location Intelligence
    Property ID
    US43-4567629
    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

    • Whipple David C / Attorney
    • Mossett Janal L / Attorney
    • Adair John D / Elder Law Attorney
    • Kelly Law Firm / Attorney / Elder Law Attorney
    • Kelly Law Firm, PLLC / Attorney

    Property Details for 627 Ft St

    Year built
    1959
    Lot size
    0.29 lot acres
    Property size
    7,923 SF
    Zone code
    CBD
    Property type
    Office buildings
    APN
    74-06-298-0019-000
    APU
    74062980019000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $870,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $485,000
      6.5%
      $450,000
      7%
      $415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $688,000
      Market price range: $478k - $868k
      AI Estimate
      $688,000
      Market price range: $478k - $868k

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4228
    Latitude
    42.9812
    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
    $10,727
    $0.00
    $0.00
    $327,700
    -
    $0.00
    $0.00
    $655,400

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

      1904 Poplar St, Unit 5

      OFFICE BUILDING • 0.09 Acres
      1904 Poplar St, Port Huron, MI 48060-3128
      View Details
    • Value Estimation
      $1,800,000
      29,842 SF

      1925 Lapeer Ave, Unit G

      OFFICE BUILDING • 29,842 SF
      1925 Lapeer Ave, Port Huron, MI 48060-4153
      View Details
    • Value Estimation by Request
      3,636 SF

      704 Huron Ave, Unit 11

      OFFICE BUILDING • 3,636 SF
      704 Huron Ave, Port Huron, MI 48060-3704
      View Details
    • Value Estimation
      $985,000
      8,976 SF

      933 Lapeer Ave

      OFFICE BUILDING • 8,976 SF
      933 Lapeer Ave, Port Huron, MI 48060-4413
      View Details
    • Value Estimation by Request
      1,100 SF

      2916 Pne Grv Ave

      OFFICE BUILDING • 1,100 SF
      2916 Pne Grv Ave, Port Huron, MI 48060-1976
      View Details
    • Value Estimation by Request
      3,026 SF

      409 Ft St

      OFFICE BUILDING • 3,026 SF
      409 Ft St, Port Huron, MI 48060-3903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Class A Office in Port Huron

      33,541 SF Class A office building, fully leased.
      600 Fort St, Port Huron, MI 48060
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    • $1,399,000
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      Downtown Port Huron Office Building

      Six-story, 70,968 SF office building with restaurant and river views.
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      Versatile Commercial Property in Port Huron

      Retail, service, and storage spaces with income potential.
      3350-3356 Lapeer Ave, Port Huron, MI 48060
      View Details
    • $279,900
      2,320 SF

      Versatile Mixed-Use Property, Port Huron

      B1-zoned commercial property with office, shop, and renovated apartment.
      1026 State St, Port Huron, MI 48060
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    • $359,900

      Contracting/Light Industrial Office Building

      4,500 sq. ft. building with office and shop space.
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    • $400,000
      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

    Similar Nearby for Lease

    • $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
    • $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
      View Details
    • $3,900 /Mo
      3,750 SF

      Fort Gratiot Commercial Building

      Highly visible commercial building with flexible layout and ample parking.
      2015-1 Holland Ave, Port Huron, MI 48060
      View Details
    • $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
      View Details
    • $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
    • $2,000 /Mo
      2,000 SF

      Downtown Port Huron Commercial Building

      Prime commercial space in a historic downtown location.
      235 Huron Ave, Port Huron, MI 48060
      View Details
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    627 Ft St
    Port Huron, MI 48060-3904
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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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