Versatile Commercial Property in
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5720 E Davison Street, Hamtramck, MI 48212
Two buildings offering dealership or industrial opportunities in Hamtramck.
Property Size4,970 SF
Price / SF$108.65
Days on Market749
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
Buildings
2
Units
2
Listing Agency:
Network Realty LLC
Listed By:
Nadia Kassim · License #6501409154
(586) 668-3106
Source:
Crexi
Added: Oct 13, 2024
Changed: Oct 26
Last Checked: Oct 30 at 11:40AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features two buildings situated on a single lot, presenting various opportunities for potential use. The site is located in Hamtramck, Michigan. The property offers 4970 square feet of space. According to provided information, the property can be used as a dealership. The property is suitable for automotive, retail, and industrial purposes.
Key Highlights
- Two buildings on the lot
- Opportunity for use as a dealership
- Many opportunities for use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,092
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$941,840
$941.8K
Cap Rate 7%
$672,743
$672.7K
Cap Rate 9%
$523,244
$523.2K
Market Conditions
NOI Build-Up for 4,970 SF
Gross rent
$71.6K $14.40/SF
− Vacancy
−$4.3K −$0.86/SF
EGI
$67.3K $13.54/SF
− OpEx
−$20.2K −$4.06/SF
NOI
$47.1K $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 Rate 5%
$941,840
Cap Rate 7%
$672,743
Cap Rate 9%
$523,244
Alternative Uses
Best Use
Retail
$672.7K
$588.7K – $784.9K
NOI $47,092 @ 7.0% cap · market cap 8.72%
Second Best
Industrial
$367.6K
$321.6K – $428.8K
NOI $25,730 @ 7.0% cap · market cap 4.76%
Theoretical Best
Specialty Retail
$920.2K
$805.1K – $1.07M
NOI $64,411 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
7,010 visits/mo
0.2 miles
Sunoco
Shops & Services
2,252 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Automotive property - Two buildings offering dealership or industrial opportunities in Hamtramck.
Where is this automotive property located?
The property is located at 5720 E Davison Street Hamtramck, MI.
What is the asking price?
The asking price for this property is $539,999.
What are key features of this property?
This property features: Two buildings on the lot; Opportunity for use as a dealership; Many opportunities for use
