5720 E Davison Street, Hamtramck, MI 48212
Two buildings offering dealership or industrial opportunities in Hamtramck.
- Added:
- Oct 13, 2024
- Days on Market:
- 608
- Last Refresh:
- May 12 at 8:42 pm
Property Features for 5720 E Davison Street
General Information
- Standard status
- Active
- Size
- 4,970 SF
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 1952
Listing agent Nadia Kassim License #6501409154
Listing office Network Realty LLC
Listing date Oct 13, 2024
Source Crexi
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 Network Realty LLC
HighLights
- Two buildings on the lot
- Opportunity for use as a dealership
- Many opportunities for use
- Year Built: 1952
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.6k | $14.40 |
| − Vacancy | −$4.3k | −$0.86 |
| EGI | $67.3k | $13.54 |
| − OpEx | −$20.2k | −$4.06 |
| NOI | $47.1k | $9.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hamtramck
- County
- Wayne
- State
- Michigan
- Longitude
- -83.045028
- Latitude
- 42.42136
