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    1040 Hempstead 23 Franklin Square, NY 11010

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    For Lease
    $1,500 /Mo

    Professional office suite available for rent in a convenient location.

    Lot size:
    0.22 Acres

    Property Features for 1040 Hempstead 23

    General Information

    Lot size
    0.22 Acres

    Building Details

    Year built
    1974

    Source: Coldwell Banker American Homes Agent Elisette Ocampo

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

    Overview

    Move-in Ready Professional Office Suite

    This professional office suite, identified as Suite #23, offers 1800 square feet of interior space on the second floor. The building provides easy access with a front entrance featuring six steps and a rear entrance without steps, as well as an elevator. The suite is in move-in ready condition and includes utilities, common area charges, and snow removal. Signage is permitted on the building's windows, providing great sign exposure. The layout features an open reception/common area with two private offices on the left side upon entry. Two new restrooms are located just outside the suite's entry door. A storage room is also available. The property is situated in a high-traffic, bustling location near a Citi Bank on the left and a Wendy's Restaurant on the right. A municipal parking lot with 100 spaces is conveniently located in the rear, and a bus stop is located on the corner.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Franklin Square
    County
    Nassau
    State
    New York
    Longitude
    -73.675
    Latitude
    40.7003

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    FAQs

    What type of property is this?
    Office space - Professional office suite available for rent in a convenient location.
    Where is this office space located?
    The property is located at 1040 Hempstead 23 Franklin Square, NY.
    What are key features of this property?
    This property features: - Move-in ready, turnkey professional office space.; - Utilities, common area charges, and snow removal included.; - Excellent signage opportunity on building windows.
    (516) 642-4178
    Request Owner's contact information
    1040 Hempstead 23 Franklin Square, NY 11010
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    Realmo Value Estimation

    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.

    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.

    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
    1040 Hempstead 23 Franklin Square, NY 11010
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