Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    230 109 Hempstead, NY 11550

    Sponsored
    For Sale
    $375,000

    SINGLE_FAMILY - Hempstead, NY

    Type:Office
    Property size:
    2,338 SF
    Lot size:
    1.09 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 6:06 pm

    Property Features for 230 109

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    2013-34-173-00-0012-UCA008500008
    Parking features
    Parking Lot
    Size
    2,338 SF
    Lot size
    1.09 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Building materials
    Brick

    We can help!

    Listing Contact
    John K. Geldert SFR

    Coldwell Banker American Homes (800) 270-6318

    Listing agent John K. Geldert SFR (516) 322-9745

    Listing date Feb 27, 2026

    MLS# 965668

    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.

    Learn more

    Property Insight Report

    Overview

    Professional Office Condominium in Hempstead

    Located in Plaza 230 in Hempstead, NY, this professional office condominium offers 2,338 sq. ft. of space suitable for various uses. The unit features 2.5 bathrooms and 13 rooms, including 7 exam rooms, making it ideal for a medical practice or other professional service providers. The layout includes a conference room, administrative office, and break room. The well-equipped examination rooms support efficient operations. Plaza 230 features contemporary architecture and ample parking. Building services cover security, maintenance, and utilities. The property has an annual tax of $12,874 and monthly maintenance fees of $1,900, totaling $35,674 annually.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Animal Hospital of Long Island, Alexandru Adrian

    Map

    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6188
    Latitude
    40.7032

    Nearby Similar for Sale

    • $398,000
      0.48 Acres

      Retail Opportunity in Hempstead, NY

      High-visibility storefront in a prime retail area with ample parking.
      555 Greenwich St, Hempstead, NY 11550
      View Details
    • $749,000
      0.11 Acres

      Hempstead Two-Family Home For Sale

      Seven-bedroom legal two-family home with Section 8 approval and separate utilities.
      3840 Linden Pl, Hempstead, NY 11550
      View Details
    • New
      $799,000
      Pending

      West Hempstead Two-Family Home

      Well-maintained two-family home with rental income potential.
      618 Jennings Ave, West Hempstead, NY 11552
      View Details
    • $895,888
      1,936 SF

      Uniondale Mixed-Use Corner Property

      High-traffic mixed-use property with residential and retail components.
      701 Nostrand Ave, Uniondale, NY 11553
      View Details
    • $925,000
      0.07 Acres

      Mixed-Use Property in Hempstead, NY

      Profitable commercial property with retail and residential units in Hempstead.
      171 S Franklin St, Hempstead, NY 11550
      View Details
    • $1,250,000
      0.15 Acres

      Mixed-Use Building in Hempstead, NY

      Mixed-use building with apartments and retail space for sale.
      307 Clinton St, Hempstead, NY 11550
      View Details
    • $1,350,000
      0.19 Acres

      Unique East Meadow Multifamily Opportunity

      Two legal dwellings on one property with multiple use options.
      557 Newbridge Rd, East Meadow, NY 11554
      View Details
    • $1,399,000
      0.17 Acres

      Renovated Four-Family Home

      Legal four-family home in Hempstead, recently renovated.
      136 Fairview Blvd, Hempstead, NY 11550
      View Details
    • $1,450,000
      0.05 Acres

      West Hempstead Mixed-Use Investment Opportunity

      Four-unit mixed-use corner building with detached two-car garage.
      352 Hempstead Ave, West Hempstead, NY 11552
      View Details
    • $769,000
      2,624 SF

      Hempstead Mixed-Use Commercial Property

      High-visibility commercial property with office space and parking in Hempstead, NY.
      749 Front St, Hempstead, NY 11550
      View Details
    • $515,000
      2,216 SF

      East Meadow Office Building For Sale

      Well-maintained office building with finished basement and convenient parking.
      1778 Hempstead Tpke, E Meadow, NY 11554
      View Details
    • $600,000
      4,080 SF

      Hempstead Commercial/Industrial Opportunity

      Updated commercial/industrial building in Hempstead, move-in ready with modern amenities.
      95 Madison Ave, Hempstead, NY 11550
      View Details

    FAQs

    What type of property is this?
    Medical office - 2,338 sq. ft. office condo with versatile layout.
    Where is this medical office located?
    The property is located at 230 109 Hempstead, NY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - 2,338 sq. ft. professional office condominium with a versatile layout suitable for various uses.; - Includes **7 exam rooms**, a conference room, administrative office, and break room.; - All-inclusive building services covering security, maintenance, and utilities.
    (516) 293-2323
    Request Owner's contact information
    230 109 Hempstead, NY 11550
    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.
    230 109
    Hempstead, NY 11550
    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
    230 109 Hempstead, NY 11550
    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

    We can help!
    Listing Contact
    John K. Geldert SFR
    (516) 293-2323 (516) 322-9745
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!