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Property profile & analytics
OFF-MARKET
Estimated value
$7,620,000
Outlet malls
655 24th St, Port Huron, MI 48060-7306
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4537820
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1960
Total area
112,176 SF
Lot
15.68 ac (683,195 SF)
Zoning code
B-3
APN
74-28-750-0007-001
UPID
US43-4537820
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.62M
Blend (final)
Blend
$7.62M
Owner & transaction history
Mfbg Port Huron LLC · 7 yrs held
Mfbg Port Huron LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-3 · Port Huron, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.2M
+33.6%
Office building
$9.1M
+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
$7,620,000
Current use
COMMERCIAL (GENERAL)
$10,175,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$9,105,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,270,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$7.62M
Range $6.86M – $8.38M · ±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
$68 / 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
Applied tax rate
28.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Stories
1
Total area
112,176 SF
Lot
15.68 ac (683,195 SF)
Zoning code
B-3
APN
74-28-750-0007-001
UPID
US43-4537820
Jurisdiction
SAINT CLAIR
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Port Huron, MI
Zoning B-3 · permitted uses
B-3 · 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
RETAIL STORES Current
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.1M
AUTO REPAIR, GARAGE
Est. value
$7.3M
RETAIL STORES Current
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
1960
Heating
FORCED AIR
Stories
1
Lot
15.68 ac
Current owner
From public records · entity-resolved
Mfbg Port Huron LLC
Entity
Free & Clear · 7 yrs held
Mailing address
810 7TH AVE FL #28, NEW YORK, NY 10019-5818
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2019
—
Mfbg Port Huron LLC
Second Port Huron Corp
Quit Claim Deed
related
—
Aug 28, 2018
$16,666
Mfbg Port Huron LLC
Eskenazi,sidney D
Quit Claim Deed
related
—
Aug 28, 2018
—
Mfbg Port Huron LLC
Wal-ward Dev Co INC
Quit Claim Deed
related
—
Aug 14, 2017
—
Mfbg Port Huron LLC
2nd Port Huron Corporation
Correction Deed
related
—
Jul 25, 2017
—
Mfbg Port Huron LLC
Second Port Huron Corp
Quit Claim Deed
related
—
Jan 20, 2012
—
Mfbg Port Huron LLC
Port Huron K-m Associates
Quit Claim Deed
related
—
Jul 20, 2007
—
Blue Water R & E Mgmt Co LLC
—
Trustees Deed
related
$1,390,000 · Irwin Franchise Capital Corp
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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