Restaurant Property with Commercial
New
For Sale
$379,000
10333 Joseph Campau St, Hamtramck, MI 48212
Two addresses support separate operations or a combined dining venue in Hamtramck’s DDA district.
Property Size3,000 SF
Days on Market7
Property Features for 10333 Joseph Campau St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,968
Building Details
Building Size
3,000 SF
Year Built
1920
Listing Agency:
XPI Realty
(313) 424-9962
Listed By:
Ben Bawazir · License #6501359047
(313) 424-9962
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 20 at 7:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of XPI Realty
Investment Insights
Based on property information with market context.
This restaurant property includes 10333 and 10337 Joseph Campau St, providing flexibility to operate the addresses independently or combine them into a larger venue. Existing restaurant equipment includes a hood, grill, fryers, refrigeration, prep tables, POS equipment, and dining furnishings. The improvements date to 1920.
The property is situated on Joseph Campau St in Hamtramck’s DDA district, with municipal parking nearby. WalkScore is 83, indicating a very walkable setting; BikeScore is 55, and TransitScore is 44. The two-address configuration and installed food-service equipment support continued restaurant use across the offering.
The property is situated on Joseph Campau St in Hamtramck’s DDA district, with municipal parking nearby. WalkScore is 83, indicating a very walkable setting; BikeScore is 55, and TransitScore is 44. The two-address configuration and installed food-service equipment support continued restaurant use across the offering.
Key Highlights
- Two addresses: 10333 and 10337 Joseph Campau St
- Commercial kitchen equipment includes hood, grill, fryers, refrigeration, and prep tables
- POS equipment and dining furnishings included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,426
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,520
$568.5K
Cap Rate 7%
$406,086
$406.1K
Cap Rate 9%
$315,844
$315.8K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.2K $14.40/SF
− Vacancy
−$2.6K −$0.86/SF
EGI
$40.6K $13.54/SF
− OpEx
−$12.2K −$4.06/SF
NOI
$28.4K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$568,520
Cap Rate 7%
$406,086
Cap Rate 9%
$315,844
Alternative Uses
Best Use
Specialty Retail
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 10.26%
Second Best
Retail
$406.1K
$355.3K – $473.8K
NOI $28,426 @ 7.0% cap · market cap 7.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
73k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 14%
Electronics 3%
Apparel 1%
Dollar Tree
Shops & Services
18,275 visits/mo
0.5 miles
Mobil
Shops & Services
15,025 visits/mo
0.4 miles
PNC Bank
Shops & Services
9,261 visits/mo
0.1 miles
Little Caesars Pizza
Dining
7,686 visits/mo
0.2 miles
Huntington Bank
Shops & Services
6,846 visits/mo
0.5 miles
Demographics for 48212, MI
43,192
Population
14,739
Households
2.9
Avg Household Size
29
Median Age
16%
College-Educated
68%
High-School Grad
5.3 sq mi
ZIP Area
8,149
Density / Sq Mi
$37,293
Median Household Income
$28,894
Median Earnings
$935
Median Rent
$98,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two addresses support separate operations or a combined dining venue in Hamtramck’s DDA district.
Where is this conventional restaurant located?
The property is located at 10333 Joseph Campau St Hamtramck, MI.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two addresses: 10333 and 10337 Joseph Campau St; Commercial kitchen equipment includes hood, grill, fryers, refrigeration, and prep tables; POS equipment and dining furnishings included
