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    5051 Davison St Hamtramck, MI 48212-1244
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    Property profile & analytics

    5051 Davison St, Hamtramck, MI 48212-1244

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    • Grocery and convenience stores
    • 4,160 SF
    • 0.56 lot acres
    Off-Market
    Property ID
    US43-0374353
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $860,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 5051 Davison St

    Year built
    1972
    Lot size
    0.56 lot acres
    Zone code
    B4
    Property type
    Grocery and convenience stores
    APN
    13007591-601
    APU
    13007591601

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 7, 2023 — Bhgi Company Fast Track Ventures LLC Land Contract —
    Jul 8, 2021 — Fast Track Ventures LLC — Deed · related $116.6M · Wells Fargo Bank NA
    Oct 23, 2015 — Bhgi Co Fast Track Ventures LLC Quit Claim Deed · related —
    Oct 16, 2015 $675,000 Fast Track Ventures LLC Dublin Investments LLC Warranty Deed —
    Sep 23, 2015 $260,000 Dublin Investments LLC Barrick Properties 40 LLC Warranty Deed —
    Sep 24, 2014 — Dublin Investments LLC L & N Rental LLC Quit Claim Deed · related —
    May 31, 2011 $250,000 Barrick Properties 40 LLC Davison Mobil Mart INC Warranty Deed · related $19.7M · Comerica Bank
    May 31, 2011 — L & N Rental LLC Barrick Properties 40 LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $858,000
      Market price range: $498k - $1.32M
      AI Estimate
      $858,000
      Market price range: $498k - $1.32M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0523
    Latitude
    42.4193
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $29,748
    $0.00
    $0.00
    $342,100
    -
    $0.00
    $0.00
    $684,200

    Comparable in this City

    • Value Estimation by Request
      2,870 SF

      6717 Davison St

      CONVENIENCE STORE
      6717 Davison St, Hamtramck, MI 48212-1909
      View Details
    • Value Estimation by Request
      3,265 SF

      10224 Conant St

      GROCERY, SUPERMARKET
      10224 Conant St, Hamtramck, MI 48212-3919
      View Details
    • Value Estimation
      $680,000
      19,640 SF

      3317 Caniff St

      GROCERY, SUPERMARKET
      3317 Caniff St, Hamtramck, MI 48212-3148
      View Details
    • Value Estimation
      $545,000
      4,530 SF

      2206 Carpenter St

      CONVENIENCE STORE
      2206 Carpenter St, Hamtramck, MI 48212-4071
      View Details
    • Value Estimation by Request
      2,736 SF

      5944 Davison St

      CONVENIENCE STORE
      5944 Davison St, Detroit, MI 48212-1310
      View Details
    • Value Estimation by Request
      2,038 SF

      12045 Joseph Campau St

      CONVENIENCE STORE
      12045 Joseph Campau St, Hamtramck, MI 48212-2664
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,060 SF

      Hamtramck Dollar General Investment Opportunity

      Dollar General in Hamtramck, MI with over 3 years term.
      3812 E Davison St, Hamtramck, MI 48212
      View Details
    • $1,718,750

      Freestanding Dollar General Store

      Single tenant Dollar General on a signalized corner.
      3812 E Davison St, Hamtramck, MI 48212
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    • Contact for pricing
      14,000 SF

      Two Buildings Near Bangla Town

      Two buildings totaling 14,000 SF across from Bangla Town Park.
      13231 Conant St, Hamtramck, MI 48212
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    • $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

    • $9,000 /Mo

      Renovated Commercial Building For Lease

      8500 SF renovated building suitable for various commercial uses.
      12101 Joseph Campau St, 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
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    Hamtramck, MI 48212-1244
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    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
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