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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9300 Joseph Campau St Hamtramck, MI 48212-3434

    • Drug stores
    • 12,056 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1445648
    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.

    Current Use by Public Records

    • Drug stores

    Property Details for 9300 Joseph Campau St

    Year built
    1993
    Lot size
    0.57 lot acres
    Property size
    12,056 SF
    Property type
    Drug stores
    APN
    41 006 04 0011 000
    APU
    41006040011000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $833,000
      Market price range: $287k - $833k
      AI Estimate
      $833,000
      Market price range: $287k - $833k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $550,000
      Current use
      COMMERCIAL (GENERAL)
      $1,100,000
      Change: +101% Conversion: Easy
      RESTAURANT
      $1,100,000
      Change: +100% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $915,000
      Change: +66% Conversion: Moderate
      MEDICAL BUILDING
      $760,000
      Change: +38% Conversion: Difficult
      OFFICE BUILDING
      $745,000
      Change: +35% Conversion: Easy
      AUTO REPAIR, GARAGE
      $730,000
      Change: +33% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamtramck
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0554
    Latitude
    42.3941
    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
    2023
    $32,641
    $0.00
    $0.00
    $437,600
    -
    $0.00
    $0.00
    $875,200

    Comparable in this City

    • Value Estimation by Request
      3,090 SF

      11521 Joseph Campau St

      DRUG STORE, PHARMACY • 3,090 SF
      11521 Joseph Campau St, Hamtramck, MI 48212-3050
      View Details
    • Value Estimation by Request
      2,480 SF

      9607 Conant St

      DRUG STORE, PHARMACY • 2,480 SF
      9607 Conant St, Hamtramck, MI 48212-3304
      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 by Request
      2,489 SF

      5946 Mcnichols Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,489 SF
      5946 Mcnichols Rd, Detroit, MI 48212-1807
      View Details
    • Value Estimation by Request
      1,632 SF

      10317 Conant St

      RETAIL STORES (PERSONAL SERVICES) • 1,632 SF
      10317 Conant St, Hamtramck, MI 48212-3143
      View Details
    • Value Estimation by Request
      2,313 SF

      9809 Conant St

      RETAIL STORES (PERSONAL SERVICES) • 2,313 SF
      9809 Conant St, Hamtramck, MI 48212-3308
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Retail Building with Cannabis Approval

      Freestanding 1,500 SF retail building with approved cannabis use.
      5808 E Mcnichols Rd, Hamtramck, MI 48212
      View Details
    • $1,617,645
      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
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      7,005 SF

      Hamtramck Commercial Opportunity

      Commercial property with flexible space and artist studios in Hamtramck.
      2932 Caniff St, Hamtramck, MI 48212
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    • $799,000
      14,000 SF

      Detroit Retail Buildings For Sale

      Two buildings totaling 14,000 SF on 0.55 acres.
      13231 Conant St, Detroit, MI 48212
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    • $80,000

      Remodeled Detroit Storefront Opportunity

      Remodeled storefront in Detroit, suitable for various business ventures.
      2209 E Davison St, Detroit, MI 48212
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      Retail Unit in Redevelopment District

      Retail unit located in the LIV/6 Redevelopment district.
      6325-6333 W Mcnichols Rd, Detroit, MI 48212
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    Similar Nearby for Lease

    • $204 SF/Yr
      4,059 SF

      Hamtramck Way Retail Spaces

      Prime Detroit Retail, Two Units Available
      9542-9552 Joseph Campau St, Hamtramck, MI 48212
      View Details
    • $9 SF/Yr
      2,869 SF

      Downtown Hamtramck Commercial Loft Unit

      Versatile commercial loft in vibrant downtown Hamtramck, ideal for businesses.
      9450-9450 Joseph Campau St, Hamtramck, MI 48212
      View Details
    • $20 SF/Yr
      3,588 SF

      Retail Space on West Davison

      3,588 SF retail space in a high-traffic Detroit location.
      2200-2232 W Davison St, Detroit, MI 48212
      View Details
    • $9,000 /Mo

      Renovated Building with Flexible Space

      9000 SF renovated building suitable for various commercial uses.
      12101 Joseph Campau St, Hamtramck, MI 48212
      View Details
    • $11 SF/Yr
      1,727 SF

      Downtown Hamtramck Commercial Units

      Prime commercial units in vibrant downtown Hamtramck, flexible spaces.
      9430-9446 Joseph Campau St, Hamtramck, MI 48212
      View Details
    • $15 SF/Yr
      3,090 SF

      Hamtramck Retail Space Available

      Retail space available for rent in Hamtramck, Michigan.
      9500-9504 Joseph Campau St, Hamtramck, MI 48212
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      6.8k
    • Avg Time on site
      14 min
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    Hamtramck, MI 48212-3434
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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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