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

    3111 New Hyde Park Rd New Hyde Park, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent near Northern State Parkway.

    Type:OFFICE
    Property size:
    7,542 SF
    Lot size:
    1.68 Acres
    Added:
    Jan 27, 2023
    Days on Market:
    1189
    Last Refresh:
    Apr 5 at 10:19 pm

    Property Features for 3111 New Hyde Park Rd

    General Information

    Standard status
    Active
    Size
    7,542 SF
    Lot size
    1.68 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 3111 New Hyde Park Rd Contact us

    We can help!

    Listing Contact
    Chip Entwistle
    Chip Entwistle

    Listing agent Chip Entwistle

    Listing office ACC Space Commercial Real Estate

    Listing date Jan 27, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of ACC Space Commercial Real Estate

    Overview

    New Hyde Park Office Space

    This is a new office space located directly off the New Hyde Park Road exit of the Northern State Parkway and near the Long Island Expressway. The property offers 7,542 square feet of office space and is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DR. STUART SHERMAN ... Physician Metropolitan Lithotriptor Associates Physician Tideline Center for Health ... Medical Clinic Dr. Joseph Jamal Physician Dwight Carlton De ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office 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
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6901
    Latitude
    40.7646

    Nearby Similar for Lease

    • $1,700/Mo

      Medical Office Near North Shore

      Doctor's office near North Shore University Hospital in New Hyde Park.
      6 Tuxedo Avenue, New Hyde Park, NY 11040
      View Details
    • Contact for pricing

      New Hyde Park Office Space

      1950 SF office space in elevator building for rent.
      75 Nassau Terminal Rd, New Hyde Park, NY 11040
      View Details
    • Sponsored
      Contact for pricing

      Lake Success

      1979 Marcus Ave, Unit 210, New Hyde Park, NY 11042
      View Details
    • $2,400/Mo

      High-Traffic Retail Space Available

      Commercial space on Jericho Turnpike, ideal for various business uses.
      253 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial space available for lease, totaling 3,830 square feet.
      55 Tulip Pl, New Hyde Park, NY 11040
      View Details
    • Contact for pricing

      Equipped Restaurant Space Available

      Second generation restaurant space for lease in Nassau County.
      909 Hillside Ave, New Hyde Park, NY
      View Details
    • Contact for pricing

      Retail Space with Basement

      1,000 SF retail space with basement and parking.
      27102-27120 Un Tpke, New Hyde Park, NY
      View Details
    • Contact for pricing

      Retail Space in New Hyde Park

      Retail space available for lease in New Hyde Park, NY.
      2079-2095 Hillside Avenue, New Hyde Park, NY, 11040
      View Details
    • Contact for pricing

      New Hyde Park Office Space

      Office building with 232,917 square feet available for rent.
      3400 New Hyde Park Road, New Hyde Park, NY, 11042
      View Details
    • Contact for pricing

      Prime Retail Space in Shopping Center

      Rare opportunity in a busy shopping center anchored by ShopRite.
      2317 Marcus Ave, New Hyde Park, NY
      View Details
    • Contact for pricing

      Former Drive-Thru Restaurant Space

      Corner location with drive-thru, suitable for various uses.
      938 Hillside Ave, New Hyde Park, NY
      View Details
    • Contact for pricing

      Dominant Grocer Anchored Retail Space

      Recently renovated shopping center with high traffic and dense population.
      2307-2348 Jericho Tpke, New Hyde Park, NY
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent near Northern State Parkway.
    Where is this office units located?
    The property is located at 3111 New Hyde Park Rd New Hyde Park, NY.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: New construction, ready for immediate occupancy.; Direct access to Northern State Parkway.; Proximity to New Hyde Park Rd Exit.
    (516) 277-0666 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chip Entwistle
    Chip Entwistle
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!