Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hewlett Office with Parking Title is generated by Realmo AI

    15 Ives Road, Hewlett, NY 11557

    View on Map
    Claim this Listing
    For Lease
    $2,000 /Mo

    COMMERCIAL - Hewlett, NY

    Lot size:
    0.23 Acres
    Added:
    May 8, 2026
    Days on Market:
    15
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 15 Ives Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Driveway
    Basement
    Storage Space, Full
    Standard status
    Active
    APN
    2089-41-001-00-0107-0
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    18357

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1923
    Floors in Building
    1
    Number of units
    1
    Building materials
    Fiberglass Siding

    We can help!

    Listing Contact
    Lori Schlesinger

    Listing agent Lori Schlesinger License #31SC1076569

    Listing office Lori & Associates LI Realty 94 Spruce St, Cedarhurst, NY

    Listing date May 8, 2026

    MLS# 997036

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private FREE parking
    • Handicap accessible
    • Large open space with backyard and outside back door
    • First floor office location
    • Private bathroom
    • Central air and heat

    Overview

    This is a small office building that features private, free parking. The available office space is located on the first floor and includes a large, open area, a backyard, and an outside back door. The property is handicap accessible and includes a private bathroom. Central air conditioning and heating are provided. A fireplace is present in the office. The space has been freshly painted and includes new window treatments, providing ample natural light through numerous windows. The tenant is responsible for covering their own utility costs, excluding water. The lot size is approximately 0.2296 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TCB Sales Inc Advertising Agency Ani Management Group Construction Company Holistic Midwifery New ... Midwife Five Towns Physical ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hewlett
    County
    Nassau
    State
    New York
    Longitude
    -73.701576
    Latitude
    40.637123

    Nearby Similar for Lease

    • $4,500/Mo
      2,500 SF

      Hewlett Office Space For Rent

      Well-maintained office space suitable for non-profit organizations.
      1379 Noel Avenue, Hewlett, NY 11557
      View Details
    • $29,000 SF/Yr
      25,000 SF

      Educational Facility For Lease

      25,000 SF educational facility in Hewlett, NY for lease.
      1346 Broadway, Hewlett, NY 11557
      View Details
    • Contact for pricing
      2,536 SF

      Retail Space in Busy Center

      Retail space available in a busy neighborhood shopping center.
      1296-1340 Broadway, Hewlett, NY
      View Details
    • Contact for pricing
      7,050 SF

      Office Space with Planned Improvements

      Office space for rent with prominent signage and planned upgrades.
      1315 Peninsula Blvd, Hewlett, NY
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Hewlett, NY

      Retail spaces available near Peninsula Boulevard and Mill Road.
      1300-1368 Peninsula Blvd, Hewlett, NY
      View Details

    FAQs

    What type of property is this?
    Office units - First-floor office space with private parking and backyard.
    Where is this office units located?
    The property is located at 15 Ives Road Hewlett, NY.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Private FREE parking; Handicap accessible; Large open space with backyard and outside back door
    (516) 791-8300
    We can help!
    Listing Contact
    Lori Schlesinger
    Real Estate License ID: 31SC1076569
    Learn More
    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.
    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
    15 Ives Road, Hewlett, NY 11557
    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!