Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2756 Evaline St Hamtramck, MI 48212
    Back to Search
    Property profile & analytics

    2756 Evaline St Hamtramck, MI 48212

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2756 Evaline St

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This single-tenant retail space, formerly a bakery, is located at 2756 Evaline Street in Hamtramck, Michigan, 48212, within Wayne County. The property offers a spacious and modern layout, perfect for a variety of retail uses. Its prominent street-level location ensures high visibility and excellent foot traffic, making it an attractive option for businesses seeking a strong presence in a thriving community. The ample storefront space provides significant opportunity for creating an inviting and successful retail environment. The versatile floor plan allows for customization to suit diverse business needs. This property presents a unique chance to establish or expand a retail operation in a high-demand area with promising potential and desirable amenities. The property is classified as Retail, with subtypes including Retail, Bakery, and Restaurant. Its strategic location offers significant advantages for businesses seeking to capitalize on the area's growth and strong consumer base. The property's modern design and ample space make it a compelling option for entrepreneurs and established businesses alike. This is a single-tenancy property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0585
    Latitude
    42.3969

    Comparable in this City

    • Value Estimation by Request
      3,500 SF

      2417 Denton St

      Restaurants • 3,500 SF
      2417 Denton St, Hamtramck, MI 48212
      View Details
    • Value Estimation by Request
      13,600 SF

      10201 Joseph Campau St

      DEPARTMENT STORE • 13,600 SF
      10201 Joseph Campau St, Hamtramck, MI 48212-3223
      View Details
    • Value Estimation by Request
      7,404 SF

      3105 Holbrook Ave

      Theaters & concert halls • 7,404 SF
      3105 Holbrook Ave, Hamtramck, MI 48212
      View Details
    • Value Estimation by Request
      4,059 SF

      9542-9552 Joseph Campau St

      Individual retail properties • 4,059 SF
      9542-9552 Joseph Campau St, Hamtramck, MI 48212
      View Details
    • Value Estimation
      $1,035,000
      43,212 SF

      9808 Joseph Campau St

      DEPARTMENT STORE • 43,212 SF
      9808 Joseph Campau St, Hamtramck, MI 48212-3235
      View Details
    • Value Estimation by Request
      4,640 SF

      3141 Caniff St

      Retail properties & Spaces • 4,640 SF
      3141 Caniff St, Hamtramck, MI 48212
      View Details

    Similar Nearby for Sale

    • $530,000
      3,200 SF

      Industrial Warehouse & Kitchen Space

      Commercial warehouse and kitchen space available for lease.
      6700-6724 E Davison St, 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 St, Hamtramck, MI 48212
      View Details

    Similar Nearby for Lease

    • $7,500 /Mo

      Hamtramck Commercial Space For Rent

      12,000 sq ft building suitable for various commercial uses.
      9821 Jos Campau, Hamtramck, MI 48212
      View Details
    • Contact for pricing

      Detroit Commercial Property For Rent

      Commercial property available for rent in Detroit, Michigan.
      6700-6724 E Davison St, Detroit, MI 48212
      View Details
    • $1,550 /Mo

      Versatile Open Space Corner Building

      3400 SF open space suitable for multiple business uses.
      10242 Jos Campau, Hamtramck, MI 48212
      View Details
    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.
    2756 Evaline St
    Hamtramck, MI 48212
    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
    2756 Evaline 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!