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    424 S Broadway Hicksville, NY 11801

    Sponsored
    For Lease
    $5,999 /Mo ($17 SF/Yr)

    COMMERCIAL - Hicksville, NY

    Type:Retail
    Property size:
    1,500 SF
    Lot size:
    0.10 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 11 at 3:06 pm

    Property Features for 424 S Broadway

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Rooms
    Basement
    APN
    2489-46-030-00-0044-0
    Basement
    Walk-Out Access, Finished
    Size
    1,500 SF
    Lot size
    0.10 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air, Ductless
    Water source
    Public

    Building Details

    Year built
    1956
    Flooring type
    Tile - Ceramic
    Building materials
    Stucco

    We can help!

    Listing Contact
    Sandeep S. Sikka

    National real estate (516) 778-7771

    Listing agent Sandeep S. Sikka (516) 778-7771

    Listing date Feb 10, 2026

    MLS# 960105

    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

    Hicksville Retail Storefront for Rent

    This commercial property in Hicksville, NY, offers a built-out store for rent in a prime location on Route 107, directly opposite two major supermarkets. The corner store provides high visibility and features a completely built-out and renovated interior. The space includes high-end 24x48 inch floor tiles, new sheetrock and paint, and a tiled floor and wall in the new bathroom. It is equipped with a brand new Daikin mini-split/duckless heating and air conditioning unit with high-efficiency 10k BTUs each, LED panel lighting, and a new 5-camera system with DVR and wireless viewing. Additional features include a new drop ceiling tile, a brand new roof, a large front frontage window, and a front handicap ramp entry. The exterior is stucco, and the property includes a new driveway and an ADT alarm system (tenant to pay monthly subscription). The first floor offers approximately 1000 sqft, with an additional 500 sqft approximately in the finished basement, totaling approximately 1550 sqft. The finished basement has new tile floors, high hat lighting, and two office rooms, with two entrances (inside and outside). The monthly rent includes general landscaping and base year property taxes for 2025-2026. Tenant is responsible for electric and water utilities. The building is all brick with a new stucco exterior and ample parking in the rear, with both street and rear parking available. There is a front door, side door, and basement outside entry. The property sits on a lot of approximately 0.0952 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manyavar Clothing Store National Real Estate Real Estate Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    Rose White By Enobis, Joy Flowers, Stylish Events, Mehak Florals

    Location Insight

    • Map
    • Local Demand
    City
    Hicksville
    County
    Nassau
    State
    New York
    Longitude
    -73.51279
    Latitude
    40.758217

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    FAQs

    What type of property is this?
    Storefront property - Built-out corner store in prime Hicksville location.
    Where is this storefront property located?
    The property is located at 424 S Broadway Hicksville, NY.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Route 107, directly opposite two major supermarkets, offering high visibility and foot traffic.; - Fully built-out and renovated store, ready for immediate occupancy with **high-end finishes** including new flooring, sheetrock, paint, and bathroom.; - Includes a finished basement (approx. 500 sqft) with two office rooms and both inside and outside entrances, adding valuable usable space.
    (516) 888-0884
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    424 S Broadway Hicksville, NY 11801
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    Hicksville, NY 11801
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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
    424 S Broadway Hicksville, NY 11801
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    We can help!
    Listing Contact
    Sandeep S. Sikka
    (516) 888-0884
    Learn more
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