Versatile Commercial Property in
5720 E Davison Street Hamtramck, MI 48212
For Sale
Contact for pricing
Two buildings offering dealership or industrial opportunities in Hamtramck.
Property Size4,970 SF
Price / SF$108.65
Days on Market654
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 Agency:
Network Realty LLC
(586) 668-3106
Listed By:
Nadia Kassim · License #6501409154
Source:
Crexi
Added: Oct 13, 2024
Changed: Jul 10
Last Checked: Jul 27 at 9:42AM
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
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 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 |
4,970 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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
