Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Dollar General Store Title is generated by Realmo AI

    3812 E Davison St, Hamtramck, MI 48212

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,718,750

    Single tenant Dollar General on a signalized corner.

    Type:Retail
    Lot size:
    1.41 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 10:10 pm

    Property Features for 3812 E Davison St

    General Information

    Standard status
    Active
    Lot size
    1.41 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Tyler Tollefson

    Listing agent Tyler Tollefson

    Listing office

    Listing date Mar 5, 2026

    Source Legacycrea

    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 Tyler Tollefson

    HighLights

    • Single tenant freestanding Dollar General property
    • Standard & Poor's credit rating BBB
    • Over 386,000 people within 5 miles of the site
    • Over 142,000 people living within 3 miles of the property
    • Dollar General sits on a hard signalized corner, providing excellent visibility from road
    • Site sits on a 1.41 acre lot providing excellent parking and options to re‑tenant or re‑purpose

    Overview

    This is a single tenant freestanding Dollar General property. The store benefits from a Standard & Poor's credit rating of BBB. The property is located on a hard signalized corner, providing excellent visibility from the road. It occupies a 1.41-acre lot, offering ample parking and potential for re-tenanting or repurposing. The surrounding area has a dense population, with over 142,000 residents within a 3-mile radius and over 386,000 residents within a 5-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Food palace — 5240 Nevada Ave, Detroit, MI 48234
    • Al Amin Super Market — 11920 Conant, Hamtramck, MI 48212

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.060603
    Latitude
    42.415227

    Nearby Similar for Sale

    • $399,999
      8,000 SF

      Industrial Warehouse with Office Space

      8,000 sq ft industrial warehouse with office space.
      2203 E Mcnichols Road, Hamtramck, MI 48212
      View Details
    • $539,999
      4,970 SF

      Hamtramck Commercial Property For Sale

      Two buildings on a 0.52-acre lot, dealership potential.
      5720 E Davison Street, Hamtramck, MI 48212
      View Details
    • $549,999
      6,016 SF

      Hamtramck Commercial Property on Conant

      Versatile commercial property on vibrant Conant Street, Hamtramck.
      9819 Conant Street, Hamtramck, MI 48212
      View Details
    • $599,000
      11,675 SF

      Industrial Davison - Automotive Repair and Salvage

      11,456 SF warehouse in Hamtramck, Michigan. Automotive repair/salvage use.
      5431 Davison St, Hamtramck, MI 48212
      View Details
    • $167,750
      1,547 SF

      Hamtramck Multi-Family Investment Opportunity

      Two-story, ten-bedroom multi-family property in Hamtramck, Michigan.
      2680 Carpenter, Hamtramck, MI 48212
      View Details
    • $180,000
      1,955 SF

      Hamtramck Duplex: Investor Opportunity

      Spacious duplex near Detroit's hubs, ideal for investors or homeowners.
      11727 Dyar Street, Hamtramck, MI 48212
      View Details
    • $5,000,000
      1,400 SF

      Hamtramck Commercial Property For Sale

      Commercial property in Hamtramck's business district, currently a dental office.
      11329 Joseph Campau, Hamtramck, MI 48212
      View Details
    • $485,000
      18,977 SF

      Large Art Deco Industrial Building

      One-story industrial building with office suite and gated parking.
      2731 JEROME Street, Detroit City, MI 48212
      View Details
    • $1,100,000

      Hamtramck Commercial Building Opportunity

      Well-maintained commercial building suitable for various professional uses.
      2730 Caniff St, Hamtramck, MI 48212
      View Details
    • $350,000

      Solid Brick Building in Hamtramck

      Brick building in Hamtramck, prime location, investment opportunity.
      2935 YEMANS St, Hamtramck, MI 48212
      View Details
    • $124,900

      Hamtramck Land For Sale

      Land available in Hamtramck, Michigan for multi-family or residential development.
      2604 S Trowbridge Street, Hamtramck, MI 48212
      View Details
    • $297,500
      2,752 SF

      Hamtramck Commercial Building For Sale

      Three-unit commercial building in Hamtramck's business hub, potential for various uses.
      9427 Conant St, Hamtramck, MI 48212
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Single tenant Dollar General on a signalized corner.
    Where is this grocery and convenience store located?
    The property is located at 3812 E Davison St Hamtramck, MI.
    What is the asking price?
    The asking price for this property is $1,718,750.
    What are key features of this property?
    This property features: Single tenant freestanding Dollar General property; Standard & Poor's credit rating BBB; Over 386,000 people within 5 miles of the site
    (248) 450-3248
    We can help!
    Listing Contact
    Tyler Tollefson
    Learn More
    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.
    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

    Thank You for Inquiry
    3812 E Davison St, Hamtramck, MI 48212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!