Hempstead Medical/Professional Office
230 Hilton Avenue Hempstead, NY 11550
For Sale
$325,000
SINGLE_FAMILY - Hempstead, NY
Property Size1,500 SF
Price / SF$216.67
Days on Market93
Property Features for 230 Hilton Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- Size
- 1,500 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3200
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Listing Agency:
Keller Williams Landmark II
(347) 846-1200
Listed By:
Vincent Thompson
(718) 749-9192
Added: Apr 23
Changed: May 12
Last Checked: Jul 24 at 2:06AM
MLS# 985196
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.
Investment Insights
Based on property information with market context.
This property offers approximately 1,500 sq ft of first-floor space suitable for medical or professional use, including law, insurance, accounting, therapy, or wellness services. The layout includes a waiting/reception area, 9 rooms, and 2 baths. It is equipped with central air and heat, and elevator access. The building provides ample parking with 200 spaces. Currently, the space is used as a Nurse Practitioner office.
Key Highlights
- Prime location suitable for medical or professional services.
- Turnkey opportunity, currently operating as a Nurse Practitioner office.
- Approximately 1,500 sq ft of first‑floor space.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.9k | $33.96 |
| − Vacancy | −$7.1k | −$4.72 |
| EGI | $43.9k | $29.24 |
| − OpEx | −$17.5k | −$11.70 |
| NOI | $26.3k | $17.54 |
1,500 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$375.9K
$329.0K – $438.6K
NOI $26,316 @ 7.0% cap · market cap 8.10%
Second Best
Office B
$368.5K
$322.4K – $429.9K
NOI $25,793 @ 7.0% cap · market cap 7.94%
Theoretical Best
Specialty Retail
$991.8K
$867.8K – $1.16M
NOI $69,424 @ 7.0% cap · market cap 21.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JE Lund Jewelers
(Bike/Boat/Book/etc) Store
Melissa A. Nocella, PA
Medical Clinic
Coalition Wellness Center
Medical Clinic
Clark & Amadio PC
Law Firm
Cobert Banking Courier ...
Bank
Similar Off Market Nearby
- Animal Hospital of Long Island — 28 Main St, Hempstead, NY 11550
- Wesley Vet Clinic — 242 Oak St, West Hempstead, NY 11552
- Alexandru Adrian — 28 Main St #1, Hempstead, NY 11550
- Wayne's Pharmacy — 114 7th St, Garden City, NY 11530
- Sound Diagnostics — 73 Brook St, Garden City, NY 11530
FAQs
What type of property is this?
Medical Office Space - Turnkey, 1,500 sq ft office space ideal for medical/professional use.
Where is this medical office space located?
The property is located at 230 Hilton Avenue Hempstead, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Prime location suitable for medical or professional services.; Turnkey opportunity, currently operating as a Nurse Practitioner office.; Approximately 1,500 sq ft of first‑floor space.
