Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    431 Hempstead Ave West Hempstead, NY 11552

    Sponsored
    For Lease
    $3,313 /Mo ($2 SF/Yr)

    COMMERCIAL - West Hempstead, NY

    Type:Office
    Property size:
    1,136 SF
    Lot size:
    0.43 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 19 at 12:06 am

    Property Features for 431 Hempstead Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Basement
    Parking
    12
    Parking features
    Parking Lot
    Basement
    Storage Space, Unfinished
    Size
    1,136 SF
    Lot size
    0.43 Acres

    Utilities

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

    Building Details

    Floors in Building
    1
    Number of units
    1
    Building materials
    Block

    We can help!

    Listing Contact
    Nathan M. Kamara
    Nathan M. Kamara

    Keller Williams Realty of Greater Nassau (516) 873-7100

    Listing agent Nathan M. Kamara (516) 424-1404

    Listing date Feb 12, 2026

    MLS# 960918

    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

    West Hempstead Office/Retail Space

    This commercial space in West Hempstead, New York, offers a prime location with excellent visibility and a 12-car private parking lot. The property, suitable for office or retail use, is in diamond condition, having been recently fully renovated from floors to ceilings with high-end finishes. The interior features large windows and high ceilings, creating a bright environment. The approximately 1136 sqft space includes a large reception area, three private offices (one of which is very large and used as a conference room), a bathroom, a kitchenette, and a copy room. Custom built-in cabinets and displays, along with a speaker system, are present. An additional approximately 600 sqft basement with 8ft ceilings provides extra space. The property is located 0.7 miles from the Long Island Rail Road Station. Currently used as a professional office, this space is move-in ready.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pryde Contracting of Long ... Construction Company Brew & Epstein LLP Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6531396
    Latitude
    40.6978567

    Nearby Similar for Lease

    • $22 SF/Yr
      1,900 SF

      West Hempstead Mixed-Use Space

      Mixed-use space with loading doors and high ceilings for rent.
      393 S Franklin St, West Hempstead, NY 11550
      View Details
    • $4,750 /Mo

      Retail Space on Hempstead Turnpike

      Prime retail space with high visibility and traffic.
      188-206 Hempstead Tpke, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      6,720 SF

      West Hempstead Medical Office Space

      Prime Medical Office Suite Available Now
      380 Hempstead Ave, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      71,131 SF

      Prime Nassau County Retail Space

      High-traffic location, large vacant space.
      50 Cherry Valley Ave, West Hempstead, NY 11552
      View Details
    • $29 SF/Yr
      34,681 SF

      Cherry Valley Plaza: Retail Investment

      West Hempstead, NY Retail Center - 15 Suites
      456-488 Hempstead Tpke, West Hempstead, NY 11552
      View Details
    • $4,800 /Mo
      1,560 SF

      West Hempstead Retail Space Available

      Retail space for rent in West Hempstead, New York.
      1017 Woodfield Rd, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      5,500 SF

      Retail/Medical Space Near LIRR

      Freestanding, renovated retail/medical building near train and new complex.
      165 Woodfield Rd, West Hempstead, NY 11552
      View Details
    • $22 SF/Yr
      1,900 SF

      Medical/Professional Office Space Available

      Ground level office space near transportation.
      411 Hempstead Tpke, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      9,600 SF

      West Hempstead Warehouse Space Available

      9,600 SF warehouse space available for lease.
      59 Hempstead Gardens Dr, West Hempstead, NY 11552
      View Details
    • $4,600 /Mo

      Office Space for Rent

      Office space available for rent in West Hempstead, NY.
      451 Hempstead Tpke, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      4,100 SF

      Industrial Space Available For Rent

      Industrial property with 4,100 square feet available for lease.
      25 Hempstead Gardens Dr, West Hempstead, NY 11552
      View Details
    • Contact for pricing
      65,166 SF

      West Hempstead Office Space

      Available office space in West Hempstead, New York.
      15 Hempstead Gardens Dr, West Hempstead, NY 11552
      View Details

    FAQs

    What type of property is this?
    Office space - Diamond condition office/retail space with parking and high visibility.
    Where is this office space located?
    The property is located at 431 Hempstead Ave West Hempstead, NY.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready: Fully renovated with high-end finishes from floors to ceilings.; - Excellent location: Great visibility and 0.7 miles to the Long Island Rail Road.; - Ample parking: Includes a 12-car private parking lot.
    (516) 424-1404
    Request Owner's contact information
    431 Hempstead Ave West Hempstead, NY 11552
    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.
    431 Hempstead Ave
    West Hempstead, NY 11552
    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
    431 Hempstead Ave West Hempstead, NY 11552
    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
    Nathan M. Kamara
    Nathan M. Kamara
    (516) 424-1404 (516) 873-7100
    Learn more
    Google sign-in failed. Please try again or use another login method.