Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    837 Griswold St Port Huron, MI 48060-5848

    • Retail space
    • 1,653 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4535240
    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

    • Retail space

    Property Details for 837 Griswold St

    Year built
    1903
    Lot size
    0.06 lot acres
    Property size
    1,653 SF
    Zone code
    R
    Property type
    Retail space
    APN
    74-06-743-0333-000
    APU
    74067430333000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Huron
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.4305
    Latitude
    42.9675
    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
    $2,120
    $0.00
    $0.00
    $42,100
    -
    $0.00
    $0.00
    $84,200

    Comparable in this City

    • Value Estimation by Request
      981 SF

      1621 Pne Grv Ave

      RETAIL STORES (PERSONAL SERVICES) • 981 SF
      1621 Pne Grv Ave, Port Huron, MI 48060-3325
      View Details
    • Value Estimation by Request
      1,355 SF

      724 Huron Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,355 SF
      724 Huron Ave, Port Huron, MI 48060-3704
      View Details
    • Value Estimation by Request
      10,692 SF

      222 Huron Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,692 SF
      222 Huron Ave, Port Huron, MI 48060-3822
      View Details
    • Value Estimation by Request
      7,000 SF

      3326 Lapeer Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      3326 Lapeer Rd, Port Huron, MI 48060-2586
      View Details
    • Value Estimation by Request
      63,059 SF

      2001 Holland Ave

      RETAIL STORES (PERSONAL SERVICES) • 63,059 SF
      2001 Holland Ave, Port Huron, MI 48060-1519
      View Details
    • Value Estimation by Request
      7,368 SF

      1119 Military St

      RETAIL STORES (PERSONAL SERVICES) • 7,368 SF
      1119 Military St, Port Huron, MI 48060-5418
      View Details

    Similar Nearby for Sale

    • $550,000
      12,110 SF

      Versatile Commercial Property in Port Huron

      Retail, service, and storage spaces with income potential.
      3350-3356 Lapeer Ave, Port Huron, MI 48060
      View Details
    • $299,995
      2,704 SF

      Versatile Commercial Building in Port Huron

      High-visibility commercial building with flexible space and parking.
      3103 Lapeer Ave, Port Huron, MI 48060
      View Details
    • $72,500

      Established Salon Opportunity

      Well-established salon available for purchase.
      730 15Th St, Port Huron, MI 48060
      View Details
    • $289,900

      Retail Plaza on Corner Lot

      Three-unit retail plaza on a highly visible corner lot.
      4490 Lapeer Rd, Port Huron, MI 48060
      View Details
    • Contact for pricing
      74,565 SF

      Port Huron Retail Space - 74,565 SF

      High-traffic retail building, ideal for various uses.
      1234 32Nd St, Port Huron, MI 48060
      View Details
    • $150,000

      Retail Property with Rental Units

      Retail property with rental units in high-traffic location.
      2404 Minnie St, Port Huron, MI 48060
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      8,500 SF

      Port Huron Retail Space Available

      8,500 SF retail space with excellent visibility and frontage.
      1335-1337 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
    • 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
    • New
      $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
    • $13 SF/Yr
      11,410 SF

      High-Visibility Retail Space Available

      Retail space with truck well in high-traffic location.
      3520 Pine Grove Ave, Port Huron, MI 48060
      View Details
    • $12 SF/Yr
      12,000 SF

      Retail Space in High-Traffic Area

      Retail space available in Kroger-anchored shopping center.
      2887 Krafft Rd, Port Huron, MI 48060
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    837 Griswold St
    Port Huron, MI 48060-5848
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.